Do you think Govt will tax gains from CPF & SRS to boost revenue?

limpoop

Arch-Supremacy Member
Joined
Jun 3, 2003
Messages
13,193
Reaction score
0
Sorry to burst the bubble...but likely govt gonna increase gst..

They wanted to increase long time ago..we are just lucky to delay it till now due to GFC.

I doubt our current money grabbing govt is gonna miss a chance like that again

Agree, very likely increase GST and give out more GST rebates.

Because GST is all computerised just press a button can implement liao.

Also likely personal income tax rates increase & on-line purchase tax.

Don't think Govt will touch SRS & CPF tax rebates at this stage.
 

TabascoSauce

Master Member
Joined
May 7, 2017
Messages
2,833
Reaction score
2
confirm wont touch cpf and srs one lar... govt have been pushing so hard for ppl to save more for their retirement through cpf and srs. it makes no sense for them to contradict their own agenda by introducing dis-incentive for ppl to build their retirement fund.

increase gst is much more likely. create disincentive to consume -> ppl save more for their retirement. win-win scenario.
 

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
18,701
Reaction score
816
COE prices have been too low for prolonged period.

Income from COE has been dropping for too long.
 

crimsontactics

Great Supremacy Member
Joined
Nov 25, 2009
Messages
70,706
Reaction score
7,699
Because GST has been increased from 0 to 7% in order for personal income tax for high income earners to be reduced from 33% to 20%.
So if you are against GST, and happy to see it removed, then there is no other way but to drop GST from 7% to 0% and revert back high income earners personal income tax from 20% to 33% or even higher.
So if you are against increasing income tax rate then how can you be against raising GST?
You're really one nasty blatant liar lol.

Quote me where in this thread did I said I'm for raising GST as the first option to raise revenue?

If not have some ethics and stop putting words in my mouth.

Sent from . using GAGT
 

henrylbh

Arch-Supremacy Member
Joined
Mar 9, 2004
Messages
15,777
Reaction score
702
COE prices have been too low for prolonged period.

Income from COE has been dropping for too long.

It already the 4th largest revenue contributor (including vehicle tax), after income tax, gst and corporate tax and almost 3x that of betting taxes.
 

SBC

Arch-Supremacy Member
Joined
Mar 19, 2001
Messages
18,701
Reaction score
816
Never see our MIW offering to tax them more.

COE is 1 good example of luxury tax.

Too many expensive infra projects coming up.
1200 buses spent over the last 2 years.

How about up Petrol tax by 20%?
 
Last edited:

OngHuatHuat

High Supremacy Member
Joined
Jul 10, 2006
Messages
28,021
Reaction score
2,124
Their asset are acquired via aaa rated bond issued, 0.5 % is definitely not enough. :s22:

My apologies. Cold weather affected my brain.

0.5% of 750B is 3.75B & 0.1% of 750B is 0.75B respectively.

So looks like they just simply have to aim for 0.5% higher from now on.. Not that difficult if they have just been on ANY DJ ETF fund....

Sent from Common Sense using GAGT
 

limpoop

Arch-Supremacy Member
Joined
Jun 3, 2003
Messages
13,193
Reaction score
0
COE prices have been too low for prolonged period.

Income from COE has been dropping for too long.

But the "costs" of producing COE is very low compared to the "profits" and there is no loss at all.

This must be the easiest for Govt to make tons of $$$ in a short time.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top