JUST IN - Taxes will increase further in Singapore

[Dr Christopher Cheok C S]

https://www.bloomberg.com/news/arti...says-need-to-counter-rising-wealth-inequality

Wealth Taxes
Singapore needs to guard against rising inequality and is studying options to expand its system of wealth taxes, said the country’s finance minister. “Those who are more affluent should pay their fair share of taxes. One thing is clear: We already tax wealth in Singapore,” said Wong, pointing to various measures like property tax and stamp duties on residential properties. Elaborating later on the government’s thinking, he said: “Whatever we do, we want to ensure number one, that it is an effective way of taxation that will not be easily avoided.” Government officials have been seeking feedback on the business hub’s tax regime, including having conversations on wealth taxes with members of Singapore’s business elite and advisers to the rich, people familiar with the matter told Bloomberg News this month.

Goods & Services Taxes
As Singapore considers different ways to raise more revenue to fund these needs, Lawrence Wong said a planned increase in the goods and services tax between 2022 and 2025 wouldn’t be deferred. He said Singapore is monitoring inequality closely due to the threat this can pose to society. The government has been intervening to help the lower-income, for example during the Covid-19 pandemic, and is determined to tackle this issue.

Carbon Tax
The government will announce the revised carbon tax rate for 2024 in the budget next year, and indicate what can be expected up to 2030. Wong said the current carbon price is “too low”.

 

[Leongsam]

It's good to know that Singapore is doing even more to help the poor.

 

[laksaboy]

A nation of sheep deserves a government of wolves.

When the economy is in doldrums, the last thing you want to do is raise taxes.

Maybe that's part of the plan in the Great Reset, maybe the govt coffers are empty.

 

[sweetiepie]

If there is no increase then My uncle worlee .where to get back all the free $ given out since last year? Don't take my uncle's cpf money to give them my uncle happy lo KNN they can increase whatever tax they want as my uncle onlee pay alittle while getting more in leeturn KNN

 

[Loofydralb]

https://www.bloomberg.com/news/arti...says-need-to-counter-rising-wealth-inequality

Wealth Taxes
Singapore needs to guard against rising inequality and is studying options to expand its system of wealth taxes, said the country’s finance minister. “Those who are more affluent should pay their fair share of taxes.

Now where have I heard of that lie before? Hmmm......let me see....

Ah yes GCT says GST is to help the poor.

How many times will Sinkies fall for this?

 

[borom]

Pay And Pay -its engraved in their very name , so is anyone surprised?
You think all these vaccines and mask, sanitisers are free ?

“PAP will give you a chicken wing before elections only to take back the whole chicken” – Chee Soon Juan

They are now putting the heat on the unvax and treating them like criminals -very soon those who do not pay their share of the chickens will be squirming.
Many locals dead from covid already paid with their lives,

 

[SalahParking]

Bungalow tax and Lampagina tax

 

[mahjongking]

knn, i 3 days never fuck pap already, must practise more, 1.....2......3

ALLTOGETHER NOW.....FUCK PAP!!!!!!!!

 

[Dr Christopher Cheok C S]

Massive COE quota drop: https://www.straitstimes.com/singap...r-in-nov-jan-quota-zero-growth-policy-to-stay

For the next three-month quota starting in November, there will be 1,063 COEs per month for cars up to 1,600cc and 130bhp, down from 1,605 now.
For cars above 1,600cc or 130bhp, there will be 1,173 COEs a month, a drop from 1,541.
For commercial vehicles, the monthly COE supply will be 180, down from 230 now.

CAT A Quota -33.7%
CAT B Quota -23.9%
Commercial -21.7%

 

[red amoeba]

Extremely grateful for the folks to return PAP to power last year.

 

[laksaboy]

All those 'free' vaccines, test kits, masks, tokens, and all that gov dot sg propaganda churned out over the past almost two years? They aren't cheap.

Time for them to take back the money lah, bodoh.

 

[Dr Christopher Cheok C S]

All those 'free' vaccines, test kits, masks, tokens, and all that gov dot sg propaganda churned out over the past almost two years? They aren't cheap.

Time for them to take back the money lah, bodoh.

Part of my job function involves delivery so I came to know that more speeding and parking tickets issued lately.

 

[zhihau]

Part of my job function involves delivery so I came to know that more speeding and parking tickets issued lately.

Psst... tiagong ART delivery to some companies delayed ah?

 

[parrardee]

Why should you care, in your whole life you haven't earned enough to be taxed.

Now where have I heard of that lie before? Hmmm......let me see....

Ah yes GCT says GST is to help the poor.

How many times will Sinkies fall for this?

 

[Dr Christopher Cheok C S]

Psst... tiagong ART delivery to some companies delayed ah?

In the beginning, Singapore announced that all companies will get 8 per staff by end-Sept or beg-Oct.

In the end, we quietly announced on gov.sg that only give ART to those who applied, so many companies still waiting.
https://www.gobusiness.gov.sg/covid-19-faqs/time-limited-rrt-for-workplaces
https://form.gov.sg/613b13fe185c6c0012525790

 

[syed putra]

I can think about retiring from delivering food. Sit under the botanicsl tree and play guitar.

 

[zhihau]

In the beginning, Singapore announced that all companies will get 8 per staff by end-Sept or beg-Oct.

Those ownself ART positive cases counted towards official COVID count or not?

 

[Peace Maker]

Have been through all the stages of 3%, 5% & 7% GST increase. The rich & working class are still doing fine all along. Those on the poverty line always got a helping hand from government or charity organizations. Singapore is after all not so bad country to stay. If those find it stressful, like myself, can always look for greener pasture.

 

[Dr Christopher Cheok C S]

You pay tax on your income.
Then pay tax to buy the car.
Then pay a tax on the petrol that you pump into it.
And now they want to tax us for burning the petrol.

Just saying.

 

[MacPhersonEstate]

Why should you care, in your whole life you haven't earned enough to be taxed.

You are so stupid