GST up can help the poor
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Hmm, why everybody forget the next part pf the PM speech? The PM mentions that the govt is looking at cutting your INCOME TAX. Majority of the working class people have jobs. So it shldnt affect them too bad.
And if you invest in listed company stocks, another good news is that, the government wants to cut corporate tax. This would mean that companies can now afford to payout higher dividends. Another point to note is that companies can now also afford to to give their staff better bonuses.
The GST increase will probably hurt those who have no jobs badly. But the govt did said they wanted to use some of the monies earn from the GST increase to help these grp of people. -
ya...they say cut tax. But the amount cut off in text contra off to the GST increase, we would still be the one paying.Originally posted by shade343:Hmm, why everybody forget the next part pf the PM speech? The PM mentions that the govt is looking at cutting your INCOME TAX. Majority of the working class people have jobs. So it shldnt affect them too bad.
And if you invest in listed company stocks, another good news is that, the government wants to cut corporate tax. This would mean that companies can now afford to payout higher dividends. Another point to note is that companies can now also afford to to give their staff better bonuses.
The GST increase will probably hurt those who have no jobs badly. But the govt did said they wanted to use some of the monies earn from the GST increase to help these grp of people.
e.g. exhanging $3 for $0.30.
Not worth it lar. The government just trying to soothe our aching heart. -
It is just a smokescreen to lower corperate tax. Read the whole of the front page of the Straits Times and you will see.Originally posted by blowfish:can someone explain to me how it work? -
The government has said that they wanted to put more money in the hands of the people, decreasing the income tax substantially will help.Originally posted by TYING:ya...they say cut tax. But the amount cut off in text contra off to the GST increase, we would still be the one paying.
e.g. exhanging $3 for $0.30.
Not worth it lar. The government just trying to soothe our aching heart. -
We need to remain competitive, and Im in favour of lowering corporate taxes AND individual income taxes. This means that the company you work for can afford to give you higher salaries.Originally posted by BenBenDeZhu:It is just a smokescreen to lower corperate tax. Read the whole of the front page of the Straits Times and you will see. -
But it'll be worse life for those not considered as poor thus will not receive help(if there is) but also not consider as average-income.. Hanging midway.. Sad life..
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gst can help the poor when our reserves of more than 100 billion cannot?
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Work and work everyday to pay GST......Seem like my salary is becoming a bacteria compare to size of a peanut.
