Chitchat Why start to raise GST from 2021?

[mojito]

The richest are taxed the heaviest because not only are they in a higher income tax bracket they also consume far more than the poor.

You can check out the figures and you'll find that in many developed countries the top 1% earners contribute between 30% to 50% of the total tax take. Singapore is no different.

https://taxfoundation.org/top-1-percent-pays-more-taxes-bottom-90-percent

https://www.cnsnews.com/commentary/...nd-top-10-percent-pay-533-percent-all-federal

http://www.dailymail.co.uk/news/art...-pay-2020-rise-personal-allowance-12-500.html

You forgot to mention GST is fair because everyone pays the same rate. No such thing as tax deductions and other financial trickery leading to the rich paying lower tax rates than the common man. Now every business can help the government collect taxes, freeing up taxmen to innovate and engineer new schemes!

 

[Leongsam]

You forgot to mention GST is fair because everyone pays the same rate. No such thing as tax deductions and other financial trickery leading to the rich paying lower tax rates than the common man. Now every business can help the government collect taxes, freeing up taxmen to innovate and engineer new schemes!

What makes things even fairer is that the lower income groups receive a considerable amount in rebates so in many cases they effectively pay no taxes at all.

 

[rushifa666]

the limelight is on rubbish like this.
According to Indranee Rajah, the PAP decided not to impose a luxury tax because:

1. The revenue that can be collected will be limited because “there are only so many handbags you can buy, only so many watches you can buy”.

2. The tax will impact on luxury retailers.

This is really bizarre.

Firstly, we thought tourism arrivals have been rising every year?

 

[dr.wailing]

the limelight is on rubbish like this.
According to Indranee Rajah, the PAP decided not to impose a luxury tax because:

1. The revenue that can be collected will be limited because “there are only so many handbags you can buy, only so many watches you can buy”.

2. The tax will impact on luxury retailers.

This is really bizarre.

Firstly, we thought tourism arrivals have been rising every year?

The Sinke gabrament knows it can get away with anything, even murder. That's why explanations given by some of its ministars may seem illogical or absurd.

69.9% of the electorate will still vote the PAP.