Workers' Party continues to oppose GST hike, welcomes S$1.5b support package

23/6/2022 7:08:00 AM

The Workers' Party said it will continue to argue against the proposed GST increase in Parliament. READ:

Workers' Party, Lawrence Wong

The Workers' Party said it will continue to argue against the proposed GST increase in Parliament. READ:

The Workers' Party will continue to oppose the impending goods and services tax hike, even as it welcomes the Singapore government's $1.5 billion support package .

In a Facebook post on Wednesday (22 June), the opposition party said that it will continue to argue against the proposed GST increase in Parliament.It will also argue for alternative forms of revenue generation, such as wealth taxes or raising the reserves contribution ceiling.

"Inflation continues to rise and is at a decade-high, and Singaporeans are bearing the brunt of it," WP said in itsFacebook post."Earlier this month, analysts said Singapore's overall inflation for 2022 is now expected to hit 5 per cent, up from 3.6 per cent in the previous survey released by the Monetary Authority of Singapore.

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Workers' Party says it will 'continue to argue against the GST hike' - The Independent Singapore News'Say NO to GST hike' — The Workers' Party

Citing inflation risk, Workers' Party opposes govt decision to go ahead with GST hikeSINGAPORE — The Workers' Party (WP) said on Wednesday (June 22) that it 'cannot support' the Government's decision to go ahead with the planned Goods and Services Tax (GST) hike in the midst of inflation concerns, and it will 'continue to argue' against any increase in the consumption-based tax.

Workers' Party says S$1.5b support package 'step in the right direction' but does not support GST hikeSINGAPORE: The Workers\u0027 Party said that the Government\u0027s S$1.5 billion support package to help vulnerable Singaporeans cushion the impact of inflation is a \u0022step in the right direction\u0022. However, the opposition party added that it does not support an increase in the Goods \u0026 Services Tax (GST) Is that anecdotal ? or did they crunch the numbers For the middle income, just buy what u need and not what u want, tighten our pocket. We will get through this. I hope the gov will give more support to those who need financial assistance. Can our CDC vouchers be donated to those who really need them? Agreed, they're throwing their voters scraps, not like they're supporting us with up to $300 per day for 3 years, during the GST hike! 🙄🙄🙄

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Workers' Party says S$1.5b support package 'step in the right direction' but does not support GST hikeSINGAPORE: The Workers\u0027 Party said that the Government\u0027s S$1.5 billion support package to help vulnerable Singaporeans cushion the impact of inflation is a \u0022step in the right direction\u0022. However, the opposition party added that it does not support an increase in the Goods \u0026 Services Tax (GST) Is that anecdotal ? or did they crunch the numbers For the middle income, just buy what u need and not what u want, tighten our pocket. We will get through this. I hope the gov will give more support to those who need financial assistance. Can our CDC vouchers be donated to those who really need them? Agreed, they're throwing their voters scraps, not like they're supporting us with up to $300 per day for 3 years, during the GST hike! 🙄🙄🙄

inflation.Telegram - Advertisement - The Workers’ Party (WP) announced with a series of infographics on Wednesday (Jun 22) evening that it does not support a Goods and Services Tax (GST) hike.LinkedIn SINGAPORE — The Workers' Party (WP) said on Wednesday (June 22) that it"cannot support" the Government's decision to go ahead with the planned Goods and Services Tax (GST) hike in the midst of inflation concerns, and it will"continue to argue" against any increase in the consumption-based tax.LinkedIn SINGAPORE: The Workers' Party said that the Government's S$1.

In a Facebook post on Wednesday (22 June), the opposition party said that it will continue to argue against the proposed GST increase in Parliament. It will also argue for alternative forms of revenue generation, such as wealth taxes or raising the reserves contribution ceiling. Mr Wong also announced a new S$1. "Inflation continues to rise and is at a decade-high, and Singaporeans are bearing the brunt of it," WP said in its Facebook post . Mr Wong, who is also Finance Minister, was speaking at a press conference to announce a S$1. "Earlier this month, analysts said Singapore's overall inflation for 2022 is now expected to hit 5 per cent, up from 3. The GST is set to rise from 7 per cent to 8 per cent in 2023, and to further increase to 9 per cent in 2024.6 per cent in the previous survey released by the Monetary Authority of Singapore." Deputy Prime Minister and Finance Minister Lawrence Wong had said on Tuesday that the GST hike will proceed as planned, in response to questions from the media.

"Yet, the government still wishes to press ahead with raising the GST from 7 to 9 per cent in two stages - one percentage point each time on 1 January 2023 and 1 January 2024. The Workers’ Party has argued in Parliament against such a move at a time of heightened inflation risk and with other options for revenue generation”. "The Workers' Party will continue to argue against the proposed GST increase in Parliament, as well as for alternative forms of revenue generation such as wealth taxes or raising the reserves contribution ceiling," it said in its post. "The Workers' Party cannot support this." This content is not available due to your privacy preferences.5 billion support package which provides some short-term relief to households. Update your settings here to see it. "Yet, the Government still wishes to press ahead with raising the GST rate from 7 to 9 per cent in two stages," WP said. GST hike due to sharply-rising spending needs: Lawrence Wong Deputy Prime Minister and Minister of Finance Lawrence Wong had announced on Tuesday a $1. Photo: FB/ Workers’ Party “The Workers’ Party does not support a GST hike. WP Secretary-general and Leader of the Opposition Pritam Singh had said:"While the GST hike was anticipated, it comes at a difficult time for our people.

5 billion support package to help businesses and residents cope with inflation amid rising prices. The support measures include enhanced ComCare assistance schemes for low-income households, utilities credit for all households, GST vouchers and cash relief for taxi and private-hire car drivers. Inflation continues to rise and is at a decade high, and Singaporeans are bearing the brunt of it”, the party added. 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. However, Wong said that the two-point GST hike - which was announced during his 2022 Budget Speech - will be implemented as planned. He added that Singapore's spending needs are rising very sharply, especially because of an ageing population and healthcare spending. Photo: FB/ Workers’ Party During WP Secretary-General Pritam Singh’s New Year’s Day Message 2022, he said: “Higher prices across many basic needs have hit the headlines in the recent days, weeks and months. "We have looked at all the different possibilities for raising revenue and we have made various revenue moves in the Budget, including on personal income tax, property tax and luxury car taxes, but they are still not enough and that's why we have to raise the GST," Wong said. It had already examined various possibilities such as property tax and luxury car tax to bring in extra revenue, but these alternatives will not be enough to support the nation’s spending needs, he added. “The challenges we face are longer term, we do not know how prolonged or deep these challenges will be.

Story continues WP said in its Facebook post that the support package was a step in the right direction. In May, after some Anchorvale residents spoke to Jamus Lim about the rising cost of living, the Workers’ Party Member of Parliament (Sengkang GRC) took to Facebook to write about possible solutions aside from raising salaries. "We note the $1.5 billion support package which provides some short-term relief to households," it said. The MP wrote on a May 15 Facebook page that he had covered 10 floors during a house visit 317D at Anchorvale and “had a significant number of engaged conversations. The Workers' Party has argued in."But this was also funded from better-than-expected fiscal outcomes." Stay in the know on-the-go: Join Yahoo Singapore's Telegram channel at . Inevitably, this does mean that I have my work cut out for me in the months to come,” he wrote in his post. Source: CNA/hm(gr).