Bus & Train Fares Raised Because of GST?
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SBS Transit, SMRT ask to raise bus and train fares
By Asha Popatlal, Channel NewsAsia | Posted: 01 August 2007 2215 hrs
SINGAPORE: Both SBS Transit and SMRT have applied to the Public Transport Council to raise bus and train fares.
The exact fare increment will be determined later, using a standard formula, in this annual fare revision exercise.
Energy costs have been a big drain on the two big public transport operators.
Both companies have quoted rises of between 20 and 26 percent in this area alone.
SBS Transit said manpower costs – its single largest cost component – have also increased by about S$12 million during the year, while SMRT said it would lose about S$11 million due to increases in GST and employer's CPF contributions.
In making their applications to the Public Transport Council, both companies said they would not touch concession fares.
SMRT added that it would be asking for small increases in EZ-Link fares for buses, adult train EZ-link fares and longer single-trip train journeys.
This year's increment formula, which is linked to the performance of Singapore's economy, is capped at 1.8 percent, slightly higher than last year's 1.7 percent.
The formula was devised to ensure that there are small and regular increases, instead of big jumps every few years.
Both transport operators said they are mindful of how fare increases affect the lower income, so they would be considering funding schemes to offset the impact on any hike.
Separately, the government has announced that S$10 million has been set aside over three years to help the needy cope with fare increases.
The fare changes, if accepted by the Public Transport Council, will be announced next month and will kick in by October.
- CNA/so -
SMRT said it would lose about S$11 million due to increases in GST???
What bullsh|t!!!
Any tax professionals will know that the final consumer pays the GST not the corporation.
Corporations who pays GST (input tax) to other suppliers, they can claim back from IRAS.
Corporations who charges GST (output tax) to consumers, they need to pay the GST charged to IRAS. -
ahahahahaha
the asswipes said that?Originally posted by maurizio13:SMRT said it would lose about S$11 million due to increases in GST???
What bullsh|t!!!
Any tax professionals will know that the final consumer pays the GST not the corporation.
Corporations who pays GST (input tax) to other suppliers, they can claim back from IRAS.
Corporations who charges GST (output tax) to consumers, they need to pay the GST charged to IRAS. -
I think only OM, Gazelle, Mat Toro and lionnoisy would believe whatever that comes out from those asswipes.Originally posted by the Bear:ahahahahaha
the asswipes said that?
Hehehe....... -
i think the only way they would lose money from the increase in GST is if they were involved in money laundering..
hmmm.....Originally posted by maurizio13:I think only OM, Gazelle, Mat Toro and lionnoisy would believe whatever that comes out from those asswipes.
Hehehe....... -
As we can all see, their excuses have gone BEYOND lame...
and their lies aren't even Quality Lies...
.... this is because they know we can't object...
For all of their increments of Fares, have we seen any Marked Improvements in services and punctuality in services???
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you guys should go into the bus forums and talk to the bus freaks about this
really...Originally posted by HyperFocal:As we can all see, their excuses have gone BEYOND lame...
and their lies aren't even Quality Lies...
.... this is because they know we can't object...
For all of their increments of Fares, have we seen any Marked Improvements in services and punctuality in services??? -
later someone will tell you not to whine.
the gst is needed to help the poor. -
I couldn't see any logic in this.
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must start finding a job closer to home now
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Hey dude, why are you distorting the facts? They say they will lose $11m due to GST and INCREASE IN CPF CONTRIBUTION.Originally posted by maurizio13:SMRT said it would lose about S$11 million due to increases in GST???
What bullsh|t!!!
Any tax professionals will know that the final consumer pays the GST not the corporation.
Corporations who pays GST (input tax) to other suppliers, they can claim back from IRAS.
Corporations who charges GST (output tax) to consumers, they need to pay the GST charged to IRAS.
Dont be a dic.k lah..open you eyes and read and dont simply shoot your semen all over the place. -
I am not sure what sort of di.ck accountant you are, anyway can you please explain how consumer swill end up paying the GST hike if the operator doesnt increase the price?Originally posted by maurizio13:Any tax professionals will know that the final consumer pays the GST not the corporation
Not that I am supporting the hike, but I think you arguement are only fit for kindergarden kids.. and whiners!! -
"help" the poor???Originally posted by dragg:later someone will tell you not to whine.
the gst is needed to help the poor.
I think it's more like the government is HELPING themselves by
>> increasing their salaries, hiking GST by 2%,
>> increase Hospital Charges, Transport Fares,
>> Electric Tariffs, Schools & University Fees,
>> then pushing forwards CPF Withdrawal Age to 65....
And what the fark did they proclaimed after increasing GST by 2%?
".. we will freez all Government Fees for 1 year..bleah bleah bleah.."
Farking pack of liars...
Does any of the above even looked REMOTELY like they are "helping" anyone other than themselves??? -
Doesn't CPF contributions goes into the government's coffers??Originally posted by Gazelle:Hey dude, why are you distorting the facts? They say they will lose $11m due to GST and INCREASE IN CPF CONTRIBUTION.
Dont be a dic.k lah..open you eyes and read and dont simply shoot your semen all over the place.
What's the diff, Gazelle...? -
It's always the same old ruse...
Increase something, then followed by a lot of Lip Servicing about improving this or that .. but where do we see the improvements? Oh one of the improvements turns out that they went to Japan and came back with the notion that we can also be like Japan and pushed CPF Withdrawal Age to 65...
Isn't that "brilliant"? -
The CPF contribution ultimately still belongs to staffs, it can be use to finance children education, pay for your housing etc.. that is different from GST which 100% will goes to the government.Originally posted by HyperFocal:Doesn't CPF contributions goes into the government's coffers??
What's the diff, Gazelle...?
If you think there is no difference, next time tell your boss that you dont need his CPF contribution. -
Wasn't the use of CPF for education recently changed?? It's becoming less and less useful apart from sitting in the government's coffers as financial resources...Originally posted by Gazelle:The CPF contribution ultimately still belongs to staffs, it can be use to finance children education, pay for your housing etc.. that is different from GST which 100% will goes to the government.
If you think there is no difference, next time tell your boss that you dont need his CPF contribution. -
Please dont whine for the sake of whining.Originally posted by HyperFocal:Wasn't the use of CPF for education recently changed?? It's becoming less and less useful apart from sitting in the government's coffers as financial resources...
CPF is different from GST. period!! -
"... whine whine whine..whine whine..."Originally posted by Gazelle:Please dont whine for the seek of whining.
CPF is different from GST. period!!
How is it different when it both sits in the government's coffers, besides "policies" that procaims CPF belongs to the peoples Old Age Needs and then some? -
Ya. all these increases in price are to help the poor...
No error as the poor = gahmen in s'pore context... -
Have you ask your employer not to contribute CPF into your account?Originally posted by HyperFocal:"... whine whine whine..whine whine..."
How is it different when it both sits in the government's coffers, besides "policies" that procaims CPF belongs to the peoples Old Age Needs and then some? -
The same old recycled reason these companies can use till the end of the world. Anyways, I have a gut feel the increase will be approved. Its a Private Monopoly which is an ultimate oxymoron.
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hmmm, i suddenly realize these characters are actually MIW in disguise..esp that gazelleOriginally posted by maurizio13:I think only OM, Gazelle, Mat Toro and lionnoisy would believe whatever that comes out from those asswipes.
Hehehe....... -
In the first place, are employers ALLOWED not to do so?Originally posted by Gazelle:Have you ask your employer not to contribute CPF into your account? -
YES. they put you as contract workerOriginally posted by HyperFocal:In the first place, are employers ALLOWED not to do so?