PM Lee reshuffles Cabinet: 2 SM, 2 DPM, 1 MM

last SG · 2009-03-27T09:15:15+00:00

Professor S Jayakumar will relinquish his appointment as Deputy Prime Minister, and will hold the post of Senior Minister in the Prime Minister's Office alon...

charlize SG

Soon, everybody in the cabinet will be an SM.

Singapore will be led by the most experienced set of ministers in a few decades time.

One which other countries will envy.

seyKai SG

what backing out? are you like, retarded? can't you see that the limit is til next year, as stated in the quote?

which part of it look like i am backing out? ANSWER ME THIS. did i made the bet to you? I made it to someone else right? so what the fuck?

This is the quote for the 4th time. It contain less than 20 words. How retarded are you to not see the time limit? and saying i am backing out? what talking you?

weeeeeeeeee next year our country will enjoy more of 15% GST, to feed the "Needy" of singapore!

only talk u can do ar?

skythewood SG

only talk u can do ar?

i can read and think too, unlike you.

seyKai SG

i can read and think too, unlike you.

seems like yr mouth is bigger than yr brain

skythewood SG

seems like yr mouth is bigger than yr brain

seems like you are very experienced in using insults when you lose an argument.

soul_rage SG

wah, wat GST wat VAT. is it not tax added to yr goods purchased?

Our GST is very different from VAT.

VAT is applied only on goods and services that are 'value-added', basically, higher-end items, and NOT on basic necessities. Tourists can claim a VAT refund. Tourists also can claim GST refund in Singapore

However, our GST is a BLANKET tax across all items, basic stuff, high-end stuff, don't care, tax all and get loads of revenue. That's the essential difference. There is no escape. The moment you spend, you get taxed.

However, there are some rumours that the PAP is planning the GST increase to 10%, with the final target of 15%.

For now, they cannot push forth that idea becoz of the economic storm, but, after the next election, it may happen.

Hawk Eye SG

Our GST is very different from VAT.

However, there are some rumours that the PAP is planning the GST increase to 10%, with the final target of 15%.

For now, they cannot push forth that idea becoz of the economic storm, but, after the next election, it may happen.

Hmm... will LKY be still around then? I'm counting down you know?

soul_rage SG

Hmm... will LKY be still around then? I'm counting down you know?

Though I personally dislike our old leader, I have to say that we better pray hard that he's still around for a few more years, at least until after this crisis is over.

I tend to feel that PAP is still run by one man (Him), and I am not sure what would happen if he passes on. Would the next generation be really able to stand up to the REAL test, or will they disintegrate? Because most major decisions are still made by him, I am unsure how much exposure do our MPs and ministers truly have in terms of making brave decisions.

seyKai SG

Our GST is very different from VAT.

However, there are some rumours that the PAP is planning the GST increase to 10%, with the final target of 15%.

For now, they cannot push forth that idea becoz of the economic storm, but, after the next election, it may happen.

VAT is applied only on goods and services that are 'value-added', basically, higher-end items, and NOT on basic necessities. Tourists can claim a VAT refund. Tourists also can claim GST refund in Singapore

you mean u dun have to pay GST to import basic necessities?

seyKai SG

seems like you are very experienced in using insults when you lose an argument.

i m merely stating facts on wat u wrote, if u cannot take the insult, keep yr big mouth shut

soul_rage SG

you mean u dun have to pay GST to import basic necessities?

don't understand your question.

Basically, in other countries, VAT is not added on basic necessities.

So for example, rice has 0% VAT tax.

And at the end of the day, taxation is a complex topic. Yes, there MAY be other sort of taxes such as import duties, but it's irrelevant to this discussion, because what you are asking now is VAT/GST, which is a consumer-specific tax.

seyKai SG

please wiki Valued added Tax and see wat it say b4 u go further

angel7030 SG

why everything also need wiki ar??? cannot use yr cow sense to think...value added and Goods n services tax is of total different situation??? VA is something that is added, it can be anything as long value is added. It usually applied to tourist of certain countries, and not to it own citizens...whereas Gst applied to all, be it tourist, import, export, citizens, business...all included. UNDERSTAND!!!! Canadian also hv VAT for tourist and Gst for all.

seyKai SG

coz it easlier to avoid an argument or read this

http://www.traveltax.msu.edu/vat/vat.htm

soul_rage SG

please wiki Valued added Tax and see wat it say b4 u go further

*shrugs*

I am in the finance sector so I know what I am talking about, and what I am saying is precisely what wikipedia is explaining.

Coming back to basic necessities. If the country determines that rice is not going to have VAT, then regardless the number of nodes in the supply chain, all of them do not have to impose VAT at any point of the chain.

Perhaps instead of asking people to wiki, why not analyze the explanation there and determine if you understand fully what VAT or GST is all about, and then we can have a more interesting debate?

seyKai SG

*shrugs*

I am in the finance sector so I know what I am talking about, and what I am saying is precisely what wikipedia is explaining.

Perhaps instead of asking people to wiki, why not analyze the explanation there and determine if you understand fully what VAT or GST is all about, and then we can have a more interesting debate?

each country has it gahmen n each gahmen has it own policy, how n wat they wan to impose their tax structure or wat item to omit is up to them

the issue here is GST n VAT the same?

soul_rage SG

each country has it gahmen n each gahmen has it own policy, how n wat they wan to impose their tax structure or wat item to omit is up to them

the issue here is GST n VAT the same?

My answer to you is that GST and VAT's basic concept is similar, BUT not exactly the same. VAT = Value Added Tax. GST is Goods and Services Tax. While VAT implies that the tax is applied on high-value items such as luxury goods, cars, restaurants, etc, GST implies that it's a tax on ALL goods and services.

Not to mention, the implementation for VAT or GST varies for each country.

So your question essentially is too general for a proper answer to be given.

seyKai SG

Not to mention, the implementation for VAT or GST varies for each country.

So your question essentially is too general for a proper answer to be given.

well, the wording are difference

you mean no VAT on services? or 1 is a consumption tax n 1 is not?

soul_rage SG

well, the wording are difference

you mean no VAT on services? or 1 is a consumption tax n 1 is not?

VAT also can be on service.

Value-added service, Value-added goods.

Both VAT and GST are consumption tax.

1 can be seen as a targetted consumption tax (VAT), the other is an across-the-board consumption tax (GST)

Again, it's very dependent on how each govt interprets and implement such taxation tool.

skythewood SG

VAT also can be on service.

Value-added service, Value-added goods.

Both VAT and GST are consumption tax.

1 can be seen as a targetted consumption tax (VAT), the other is an across-the-board consumption tax (GST)

Again, it's very dependent on how each govt interprets and implement such taxation tool.

Singapore has alot of tax on imported cars, alcohol, cigeratte.... all is value added tax...

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