Citing inflation risk, Singapore Workers’ Party opposes govt decision to go ahead with GST hike

  • 📰 malaymail
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 20%
  • Publisher: 86%

SINGAPORE, June 22 — The Workers' Party (WP) said today that it 'cannot support' the Government's decision to go ahead with the planned Goods and Services Tax (GST)...

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sheeple loves rules and taxes, give them more

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Food prices set to rise as govt cuts certain subsidies | The Malaysian InsightFomca president blames price hikes on lack of solid govt policies.
Source: msianinsight - 🏆 8. / 63 Read more »

Eligible adult Singaporeans to each get up to S$300 cash, as part of S$1.5b support package amid rising living costsSINGAPORE, June 21 — Eligible adult Singaporeans will receive a one-off cash payment of up to S$300 (RM952), on top of the regular GST vouchers to be disbursed this year, as...
Source: malaymail - 🏆 1. / 86 Read more »

Malaysia's chicken ban: Singapore butchers, hawkers hope for govt aid after slaughterhouses get foreign worker levy waiverSINGAPORE, June 22 — Businesses along the supply chain for fresh poultry such as butchers and suppliers that are hurt by Malaysia&039;s partial live chicken export ban are...
Source: malaymail - 🏆 1. / 86 Read more »

Govt urged to recruit foreign workers to address abandoned projects, says Abdullah Saidol | The Malaysian InsightGovt urged to recruit foreign workers to address abandoned projects, says Abdullah Saidol No.
Source: msianinsight - 🏆 8. / 63 Read more »