mistyblue SG Get this : 3.817B Countries that have no tax or very low tax: Andorra Bermuda Cayman Islands Cyprus Dubai Gibratar Hong Kong Latvia Liechtenstein Luxembourg Macau Mauritius Panama Samoa San Marino Uraguay
mistyblue SG gst at 5% gets 3B in reviving economy. gst at 7% in booming economy... i wonder. our tax rate is low when it is selectively compared with certain countries with high tax rates. But we don't see the whole picture for those countries.
sonic_16 SG True, but we also do not see the whole picture on the expenditure of our country. Example: A country may tax 10% but spend 2billion compared to another country that tax of 7% but spend 1billion.