Confirmed: GST will be 10% after GE!

[makapaaa]

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Coffeeshop Chit Chat - Confirmed: GST will be 10% after GE!</TD><TD id=msgunetc noWrap align=right>

Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Lola (Langusta) <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>8:04 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 1) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>28789.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Don't like GST increase? Then you better do the right thing -- vote out the PAP next GE.
Whether its true blue Singaporeans or PAP-grateful instant Singaporeans. <BIG>Singapore to Unveil Budget Aimed at Productivity Gain (Update1)</BIG>

By Shamim Adam

Feb. 18 (Bloomberg) -- Singapore will probably incur a third consecutive budget deficit this year as the government unveils another “expansionary” spending program to boost the island’s productivity in the next decade.

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go to http://www.bloomberg.com/apps/news?pid=20601091&sid=aOem3na5Wy_w to read the rest of the article
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Sales Tax

“Given the likelihood of a sizeable deficit by Singapore standards, we doubt that the fiscally conservative government will judge it timely to further deplete a major source of government revenue,” said Kit Wei Zheng, an economist at Citigroup Inc. in Singapore. A percentage point cut in the personal income tax rate may cost the government as much as S$400 million, he estimates.

The goods and services tax, now at 7 percent, will be maintained in 2010 and may be raised in the next two years as the economy recovers, Liew of Standard Chartered predicts.

“We forecast that the GST will be raised to 10 percent by 2012 as an expected increase in tourism broadens the domestic consumption base, making indirect taxes a more significant contributor to government revenue,” Liew said.

The country aims to lure 17 million visitors and triple annual tourism revenue to S$30 billion by 2015, helped by the two casino resorts run by Genting Singapore Plc and Las Vegas Sands Corp. Genting’s Resorts World Sentosa opened its casino last weekend, attracting more than 35,000 gamblers, newspaper reports say.

Economists are predicting 2010’s budget shortfall to be anywhere between S$4.1 billion and S$8.1 billion. The 2009 deficit was probably between S$6.5 billion and S$7.9 billion, less than the government’s estimates last year.

To contact the reporter on this story: Shamim Adam in Singapore [email protected]

Last Updated: February 18, 2010 01:08 EST
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[makapaaa]

Donch forget that the Old Fart-Ho Jinx combo lost hundreds of billions of dollars to date - Good money that could have provided solid opportunities and proper social security for all Sporns.

 

[singveld]

awesome, i wish it go up to 17 % like europe.
i encourage govt to help the poor by increasing GST.
i vote for them if their manifesto is to increase GST to 17%.

 

[johnny333]

Its been the PAP SOP that after an election the gov't takes the oppurtunity to increase prices. Don't expect this election to be any different:(

This time the impact of the price increases will be very bad as many Sporeans are struggling or unemployed.

 

[Watchman]

I believe to be 13% to reach their objective .

 

[Einfield]

China Already 17%, How can we lag behind? We first world should be 20%

awesome, i wish it go up to 17 % like europe.
i encourage govt to help the poor by increasing GST.
i vote for them if their manifesto is to increase GST to 17%.

 

[DrPanacea]

The target is 15% in the short run. Nothing surprising. Our needy people will receive higher payouts....this could well be one of the PAP election manifesto.

 

[bryanlim1972]

Liew of Stan chart is an idiot. he's never heard of GST refund for tourists?

 

[tonychat]

all right, that will be the major sinkie screwed. 10%?? why not 15%.. Looking forward to it.

 

[ChaoPappyPoodle]

Under the worst economic crisis in odern times the bastard PAP spent less than $5biliion to help the people that voted it into power. Most of this money even went to their own related companies as they are the largest employers in SG.

But the PAPies spent many many times more to help poorly managed banks thousands of miles away and even invested at a great loss in many countries.

VOte the PAPies out.

 

[mee_siam_hum]

This is the best answer!

Do a Singaporean version:

http://online.wsj.com/article/SB100...01102945506.html?mod=WSJ_hpp_MIDDLETopStories

Tax Protester Crashes Plane Into IRS Office


By RUSSELL GOLD, BOB SECHLER And EVAN PEREZ

[0218crash3] Associated Press

Smoke billows from a building after a small private plane crashed there.

AUSTIN, Texas—A pilot slammed his small plane into a seven-story building that housed the local office of the Internal Revenue Service Thursday, apparently killing himself and one agency employee, in what federal officials described as a deliberate suicide attack amid a long-running tax dispute.

Investigators are looking into whether the pilot, 53-year-old Andrew Joseph Stack, also set his house on fire before taking off in his single-engine Piper Dakota around 9:40 a.m. local time.

View Full Image
CrashLion
Associated Press

An undated photo of Andrew Joseph Stack, the plane's pilot.
CrashLion
CrashLion

Officials said they were evaluating an antigovernment manifesto posted on the Internet earlier Thursday, signed "Joe Stack," which suggested he planned the crash. "Violence not only is the answer, it is the only answer," the author wrote toward the end of a tirade against the IRS posted at 9:12 a.m. on a Web site registered to Mr. Stack. He described himself as a contract software engineer.

By late Thursday night, emergency crews had found two bodies in the wreckage, the Associated Press reported. Authorities said earlier that the pilot who crashed into the building was presumed dead and that one worker in the building was missing. Thirteen people were injured, including two who remained hospitalized for critical injuries. More than 100 IRS employees work at the building.

Officials labeled the crash a criminal, not terrorist, attack. "I consider this a criminal act by a lone individual," said Police Chief Art Acevedo.

Still, the North American Aerospace Defense Command launched two F-16 fighter aircraft to patrol the air after the crash. Spokesman Jamie Graybeal called it "a prudent precaution and consistent with our response to recent similar air incidents."

The White House said President Barack Obama was briefed on the plane crash after noon.

The crash came less than an hour after an explosion ripped through Mr. Stack's two-story red brick house in a subdivision a few miles from the site of the crash, neighbors said. The house was quickly engulfed in flames and was gutted by the fire.

Mr. Stack's family declined to comment, according to police officers stationed at a house across the street from the burned-out home. According to government records, Mr. Stack bought a house in Austin in 2007 and was married in July of that year to Sheryl Mann.

In the 3,200-word manifesto, posted on the Web site Embeddedart.com, the author, who identified himself as "Joe Stack," described himself as a recently married, struggling, contract software engineer who left Los Angeles, where he couldn't find work, but didn't have much better luck in Austin.

The author complained bitterly about the IRS, blaming the agency for eroding his retirement savings and causing him financial troubles for years.

First images from Austin, TX, where a small plane has crashed into a building. Courtesy Fox News.

Because of his expenses and lack of income, Mr. Stack wrote, he didn't file a tax return, prompting an IRS audit that cost him $10,000. He wrote that he had other problems involving "Sheryl's unreported income."

"I would only hope that by striking a nerve that stimulates the inevitable double standard, knee-jerk government reaction that results in more stupid draconian restrictions people wake up and begin to see the pompous political thugs and their mindless minions for what they are," the author wrote.

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[SB10001424052748703315004575073660657675780]
Eli Meir Kaplan for The Wall Street Journal

IRS employee Ray Cano listened to the news on his cellphone outside after a plane crashed into his office building.

"Well, Mr. Big Brother IRS man, let's try something different; take my pound of flesh and sleep well," he wrote in conclusion, signing the posting, "Joe Stack (1956-2010)." The Web site was taken down on Thursday afternoon after a request from the Federal Bureau of Investigation, according to the president of the Web-hosting service.

The plane crash sent a plume of dark smoke into the air and caused highway shutdowns about 10 miles north of the state capitol. Witnesses said they saw the plane rapidly approaching the office building, one of four seven-story buildings with black windows, in an office park which sits next to a six-lane corridor near a high-end shopping center.
[CRASHmap]

Matt Downs, a software salesman with offices about a quarter of a mile away, said the plane banked at high speed with the engine at full throttle. It hit between the second and third floors.

Alan Fletcher, who was working in an adjacent building, ran into the building and encountered shattered glass everywhere and dazed employees emerging from the smoke.

"The whole building shook; it felt like a car hit our building," said Camille Ziegelhofer, who works at a software company in a nearby building.

Richard Lee, an IRS manager, said the explosion blew out the windows and knocked him to the floor, bruising his back. He helped others in the building get out, he said, but couldn't get to part of his floor because of neck-high flames.
—Ana Campoy contributed to this article.

Write to Russell Gold at [email protected], Bob Sechler at [email protected] and Evan Perez at [email protected]

 

[kingrant]

Esp the PAP Cabinet. They are truly needy.

Our needy people will receive higher payouts.....

 

[halsey02]

All we need to do is, buy those toys helicopter with remote control...modify it....in a land scarce SINkingpore...that is the best option..oops!..heh heh heh

Revenue House near Novena Church...must have anti missile system built in.......

 

[SIFU]

all right, that will be the major sinkie screwed. 10%?? why not 15%.. Looking forward to it.

CB kia tonychat,

no need to be so bitter just becos the ang paus u collected from your prostitute wife's customer is not as much as u like..

come on... CNY leh.. be happy a bit lah..

 

[shOUTloud]

Liew of Stan chart is an idiot. he's never heard of GST refund for tourists?

GST Refund only for products above a certain price. Cannot claim GST refunds for services such as hotels + F&B. Not to mention gambling at casinos.

 

[ChaoPappyPoodle]

Just reintroduce the estate tax and we don't need to raise GST. In fact, we can reduce it to 5%. We can also remove GST on certain items.

Removal of estate tax costs the people at least $1billion after Ng Teng Fong kaput.

PinkyAss Boy raise GST to help poor and removed estate tax to hit the rich! :oIo:

 

[Kuailan]

Better vote out Pappies on the next erection, otherwise
Sickapoorean will be screwed up side down again.

Look like pappies will lose at least 2 GRC beside the other
2 untouchable PP and HG, lose hopefully 3 GRC would be better!