SINGAPORE, June 22 — The Workers' Party said today that it"cannot support" the Government's decision to go ahead with the planned Goods and Services Tax hike in the midst of inflation concerns, and it will"continue to argue" against any increase in the consumption-based tax.
Wong, who is also Finance Minister, was speaking at a press conference to announce a S$1.5 billion support package to help Singaporeans deal with rising costs. In its post, WP said that the support package was"a step in the right direction" but devoted most of the post, in graphic form, to opposing the GST hike.
The party added that earlier this month, analysts said that inflation this year is expected to hit 5 per cent, up from the 3.6 per cent forecast in an earlier survey released by the Monetary Authority of Singapore . Singh had said that there have been"several proposals" raised by WP in Parliament, on both taxes and the adjustments to the reserves framework."These options do not constitute a raiding of the reserves as the PAP enthusiastically and inaccurately portrays," he had said.
Sheeple loves rules and taxes, give them more
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