Tharman insist that GST cut doesn't work in spurring demand. But Robinsons believe otherwise and went ahead with it's plan to absorb 7% GST to boost sales. If Robinsons' sales improves, then Tharman is proven wrong, and should be taken to task for his flawed judgement. 
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_334712.html
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The latest to offer goodies is department store Robinsons, which yesterday unveiled its very own 'stimulus plan'. -- PHOTO: ROBINSONS & CO
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RETAILERS are pulling out all the stops in a bid to draw shoppers, offering special discounts and other deals to get people to spend.
The latest to offer goodies is department store Robinsons, which yesterday unveiled its very own 'stimulus plan'.
The store, which has two outlets - at Centrepoint and Raffles City - says it will absorb the 7per cent goods and services tax (GST) for two weeks, starting from today. Other carrots it is dangling include free home delivery and free parking for the first hour, as well as interest-free instalments for its card members.
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http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_334697.html
Cutting GST doesn't work <!--10 min-->
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Finance Minister Tharman Shanmugaratnam rebuffed calls from MPs for a 2 per cent cut in the GST, saying it is not a viable way to spur demand in the economy. -- ST PHOTO: DESMOND WEE
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LOWERING the Goods and Services Tax (GST) is not a viable way to spur demand in the economy, said Finance Minister Tharman Shanmugaratnam on Thursday.
In his Budget round-up speech to Parliament, he rebuffed calls from MPs for a 2 per cent cut in the GST.
This move would not only have little effect on spending.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_334712.html
<table border="0" cellpadding="0" cellspacing="0" width="100%"><tbody> <tr> </tr> <tr> </tr> <tr> </tr> <tr> <td colspan="2" class="padlrt8 georgia11 darkgrey bold">
</td> </tr> <tr><td><!-- show image if available -->
</td></tr> <tr valign="bottom"> <td width="330">
</td> <td width="10">
The latest to offer goodies is department store Robinsons, which yesterday unveiled its very own 'stimulus plan'. -- PHOTO: ROBINSONS & CO
</td> </tr> </tbody> </table> <!-- START OF : div id="storytext"-->
RETAILERS are pulling out all the stops in a bid to draw shoppers, offering special discounts and other deals to get people to spend.
The latest to offer goodies is department store Robinsons, which yesterday unveiled its very own 'stimulus plan'.
The store, which has two outlets - at Centrepoint and Raffles City - says it will absorb the 7per cent goods and services tax (GST) for two weeks, starting from today. Other carrots it is dangling include free home delivery and free parking for the first hour, as well as interest-free instalments for its card members.
_______________________________________________________
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_334697.html
Cutting GST doesn't work <!--10 min-->
<table border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr> </tr> <tr> </tr> <tr><td><!-- headline one : start -->
</td></tr> <tr> </tr> <tr valign="bottom"> <td width="330">
</td> <td width="10">
Finance Minister Tharman Shanmugaratnam rebuffed calls from MPs for a 2 per cent cut in the GST, saying it is not a viable way to spur demand in the economy. -- ST PHOTO: DESMOND WEE
</td> </tr> </tbody> </table> <!-- START OF : div id="storytext"-->
LOWERING the Goods and Services Tax (GST) is not a viable way to spur demand in the economy, said Finance Minister Tharman Shanmugaratnam on Thursday.
In his Budget round-up speech to Parliament, he rebuffed calls from MPs for a 2 per cent cut in the GST.
This move would not only have little effect on spending.
