GST to increase soon?

Dr Who SG

GST is due for upward revision after election

Just a gentle reminder...........do save up.......

Any idea how to stop this inevitable policy? Or just accept it as fate........?

FireIce SG

who say one?

and to how many percent?

govt will give shares or not?

Dr Who SG

GST was first introduced in Singapore on 1 April 1994. The GST rate was increased from 3% to 4% in 2003 and from 4% to 5% in 2004.

The GST is a 7 % tax on the supply of most goods and services in Canada. Canada is also subject to Harmonised Sales Tax (HST) at the rate of 15 per cent in three provinces - Newfoundland and Labrador, Nova Scotia and New Brunswick.

UK is 17.5 % VAT (Their GST)

So with these figures, won't our tax people get some "inspiration" to match the figures.........so increase govt piggy bank..........so get high performance bonus for themselves

Pronewbie SG

I doubt so because it doesn’t make sense as there are still many Singaporeans not doing well although they might raise it after elections to recoup their bonus distribution

king108 SG

Hope not. Else we will be watching TV will our face on the screen.

Smile It will be very touching when we hearing some daring representatives saying loud "cannot, cannot, cannot tahan". But at the end, mmmmm. The rest for your imagination.

I sounded like a movie director, right?

By the way. "Tahan" in malay is stop, in hokien is "Tong"
Mr. Green Have fun. For your interpretation.

105090 SG

no wonder the government people always says "more good years ahead. a healthy economy".. means better years for their pockets Twisted Evil

king108 SG

Surprised Cannot speculate lah...know Mr. Green

Manager433 SG

Not new anyway. This have been circulating around us for sometime. Will not be surprise if really increase. Anyway, where got toad toad ppl every yr gives u $$$ to spent de.

*remarkable family*

LittleTiger SG

YEAH!!!!

Atobe SG

Are there any valid reasons to increase GST when there have been regular annual surplusses to cover the planned expenses in the Annual Budget ?

With the huge amount of reserves that has been accumulated and transferred to GIC and Temasek Holdings - surely the profits generated from the invested Surplus and Reserves by these two Premier Companies should have been returned to the Singapore " National Account " and make it unnecessary for any GST increases ?

Can we stop GST from happening ?

SIMPLE - vote as many Opposition into Parliament to make any attempt to legislate any GST increases into an impasse.

The Opposition Members of Parliament could act as an alternative and parallel guardian to the incumbent Ruling Political Party.

It can truly be the SECOND KEY to protect our National Reserves, when the Office of the Elected President is made ineffective by the changes made to legislations affecting its position, and by the appointment of candidates closely associated with the Ruling Political Party.

alwaysdisturbed SG

making me feel alwaysdisturbed…

dragg SG

it cannot and wont be stopped.

GST will eventually be increased to more than 10%, only a matter of time.

abao SG

can also organise more 4-man strikes Cool

king108 SG

Mr. Green I don't really agree in GST method can work for commoner like us. Like commoner living in Nothingham.

hisoka SG

and there are not tonnes of laws and regulation or policies that dun make sense already around?

ndmmxiaomayi SG

I expect others to go upwards, not this.

king108 SG

[quote]Originally posted by ndmmxiaomayi:

I expect others to go upwards, not this. Mr. Green I think this year you still can expect pay increment

dragg SG

GST only benefits those who are collecting and that is the only purpose.

charlize SG

I thought standard practice?

Increase GST after elections are over. Laughing

LazerLordz SG

To prevent an unpopular policy, you need enough parliamentary support to halt the Bill.

Simple equation follows.More voices, more chances of a scrutiny.Not everything the current ruling party says might be correct.

For those who support the ruling party's logic of Parliamentary efficiency in Bill reading and policymaking, please go and read "Speed", by David Orr.

You can find it on JSTOR.