Petrol aka fuel is very much a cartel business, and it alway
include the host country govt in it, so no matter how you kpkb, the
govt insitution such as CASE is only doing a wayang
job.
Logically speaking, Higher the price, higher Gst mah..then
higher the proift, higher the corporate tax…both win, consumer lose
only, not their problem. That $50 is still inside their pocket, and
more coming in.
The fact that fuel is already a pay duties product with govt
fuel surcharges, why is there still a Gst? So if you look closer,
you are taxed twice.
Aiyah unker...which mountain you come from? Everything in
Singapore is taxed many times over lah...
Singapore imports most of the things including food. When
you import goods, GST is payable by the consignee if the CIF
is more than $400. Then the consignee (middle
man/wholesaler/agent) sell to retail shop, the retail
shop also pay GST. Then the retail shop sell to you, you
also pay GST. The same imported item is taxed 3 times or more.
Although the retail shop/consignee can offset the GST (collect vs
paid), but the GST he collects is likely to be more than the GST he
paid cos he sell at higher price mah.
So, now you know why our budget every year got surplus.