has anyone made any commitment on GST?

[Jarlaxle]

No update today too

 

[70niner]

http://www.gov.sg/factually/content...aise-the-gst-after-the-next-general-elections

There have been claims on some online websites that the Government will raise the GST after the forthcoming General Elections to fund increased spending planned in the next term of government. There is no basis to these claims, and they are inconsistent with what the Government has recently stated. In the 2015 Budget Statement in February, DPM Tharman Shanmugaratnam stated that the revenue measures the Government had already undertaken will provide sufficiently for the increased spending planned for the rest of this decade1. Budget 2015 introduced important revenue measures such as the inclusion of Temasek in the Government’s Net Investment Returns (NIR) framework from 2016 onward2, and the increase in the top marginal rates for personal income tax from Year of Assessment 2017. These measures came after moves in recent years to make Singapore’s property tax rates more progressive, with significantly increased tax rates for high value residential properties, offsetting reduced tax rates for lower value homes. In rounding up the 2015 Budget Debate, DPM Tharman stated, “We have prepared ourselves in advance and that must remain the way in which we plan for our budgets in the decades to come. With the change to incorporate Temasek in the NIR framework and the other tax changes I have introduced, in particular the increase in the personal income tax rate, we will be in a good position for at least the rest of this decade.”3 The Government’s approach remains that of responding to changing circumstances and planning revenue measures in advance of Singapore’s future needs. Through this forward-looking approach, we have been able to meet the growing needs of our people in healthcare and invest in our future, while preserving fiscal sustainability and Singapore’s Triple-A credit rating. - See more at: http://www.gov.sg/factually/content...e-next-general-elections#sthash.ACn0gfk1.dpuf

 

[icycold]

There is no basis to these claims, and they are inconsistent with what the Government has recently stated.

PLAYING WITH WORDS.

 

[Jarlaxle]

Yaya thats nice

 

[stillgottheblues]

I believe the possibility of 10% is very high. They had given so much goodies, they needed more income desperately to fund these projects.

Sent from Windows 10 using GAGT

 

[johnsonheng]

fuel tax, tobacco and alchohol tax were raised lately mah

If the need to cut cost, please reduce the number of service servant hired, most of them are leeches

 

[VictorvonDoom]

Easy for opposition to say they won't increase GST because they won't be able to form the government after the elections.