SINGAPORE — The Workers' Party said on Wednesday 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.
despite concerns over inflation. The GST is set to rise from 7 per cent to 8 per cent on Jan 1 next year and then to 9 per cent in 2024.S$1.5 billion support packageIn 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.
, up from the 3.6 per cent forecast in an earlier survey released by the Monetary Authority of Singapore . Mr Singh had said that there have been"several proposals" raised by WP in Parliament, on both taxes and the adjustments to the reserves framework.
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