Singapore — Ten days away from his first SGBudget rollout, Finance Minister Lawrence Wong released a brief video explaining how the upcoming GST hike would ultimately benefit Singaporeans.
Many netizens, however, feeling the effects of higher prices amid the economic fallout of the Covid-19 pandemic, commented on Mr Wong’s video to say they don’t believe now is the right time to raise Goods & Services Tax.The minister, who is presenting the budget in Parliament next Friday , posted hisIn it, he said that the country is “at a critical turning point” at this stage of dealing with the pandemic.
In order to “build a better Singapore for tomorrow”, he added, “we will need to invest more in our people and our social infrastructure. The GST increase will help generate the revenues we need for this purpose”.He answered these concerns by saying, “This is why we will have a comprehensive set of measures in place to cushion the impact of GST on lower-income and middle-income households, as well as retirees”.
For example, a couple with two children who have a combined income of S$5,000 a month would be receiving about S$6,500 in benefits under the Assurance Package, which Mr Wong said is ten times more than the additional GST they would shell out yearly after the increase kicks in.The mild-mannered Mr Wong does not usually get many unhappy comments on his Facebook page, but for this video, many netizens came forward to express their views.
A woman who described herself as a “disable old Auntie” wrote, “Please spare a minute to read citizens comment, we need to speak out our unhappiness.”
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GST increase will help Singapore generate the revenue needed to invest in people, infrastructure: Lawrence WongSINGAPORE: The planned increase in Goods and Services Tax (GST) will help Singapore generate the revenue it needs to invest in its people and infrastructure, said Finance Minister Lawrence Wong on Wednesday (Feb 9). Mr Wong made the comments in a video on his Facebook page about a week before the\u0026nbsp govsingapore CAPITAL GAIN TAX, WEALTH TAX for 2nd 3rd etc property owners is fair & SOONER. Current slightly higher ppty tax is not enough. Those investors, speculators gain a lot (no tax) while many hv only 1 or no property. IRAS_SG straits_times MNDSingapore mhasingapore Media propaganda being ramped up in preparation for GST hike at the Budget 2022. First Straits Times claiming the GST hike is “progressive” and now CNA. Where are the balanced pieces So, we will take your money so that we can give you money. Got it.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
GST increase will help Singapore generate the revenue needed to invest in people, infrastructure: Lawrence WongSINGAPORE — The planned increase in Goods and Services Tax (GST) will help Singapore generate the revenue it needs to invest in its people and infrastructure, said Finance Minister Lawrence Wong on Wednesday (Feb 9). Payback time for all those pandemic handouts coming your way. And its good for you 😚 In short, govt reserves become fatter. Notice he mentioned help Singapore. Not help Singaporeans...
Source: TODAYonline - 🏆 1. / 99 Read more »
GST increase will help Singapore generate the revenue needed to invest in people, social infrastructure: Lawrence WongSINGAPORE — The planned increase in Goods and Services Tax (GST) will help Singapore generate the revenue it needs to invest in its people and infrastructure, said Finance Minister Lawrence Wong on Wednesday (Feb 9).
Source: TODAYonline - 🏆 1. / 99 Read more »
GST increase will help Singapore generate the revenue needed to invest in people, infrastructure: Lawrence WongSINGAPORE: The planned increase in Goods and Services Tax (GST) will help Singapore generate the revenue it needs to invest in its people and infrastructure, said Finance Minister Lawrence Wong on Wednesday (Feb 9). Mr Wong made the comments in a video on his Facebook page about a week before the\u0026nbsp govsingapore CAPITAL GAIN TAX, WEALTH TAX for 2nd 3rd etc property owners is fair & SOONER. Current slightly higher ppty tax is not enough. Those investors, speculators gain a lot (no tax) while many hv only 1 or no property. IRAS_SG straits_times MNDSingapore mhasingapore Media propaganda being ramped up in preparation for GST hike at the Budget 2022. First Straits Times claiming the GST hike is “progressive” and now CNA. Where are the balanced pieces So, we will take your money so that we can give you money. Got it.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »