Britain to slash GST

[Shull]

  Quote

Britain 'to slash tax on goods and services'

 

LONDON (AFP) - - The British government was on Monday set to announce a cut in value added tax (VAT) to 15 percent from 17.5 percent to stimulate spending on goods and services as the country faces recession, reports said.

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The cut in VAT was emerging as a likely centrepiece of the Labour government's latest budget report, British newspapers said on Sunday.

 

"I want every household facing difficulty at this time to know we are ready to help and on their side," Prime Minister Gordon Brown wrote in the popular News of the World weekly tabloid.

 

"I know how worried many people are about their jobs, making ends meet at the moment and about the security of their homes.

 

"No politician can promise to stop the difficult times, but I can promise that we will do everything we can to help people get through them fairly," Brown added.

 

British finance minister Alistair Darling will on Monday unveil a budget report also expected to outline plans to boost government spending.

 

Darling, formally known as the chancellor of the exchequer, will present his pre-budget -- an outline of his taxation and spending plans ahead of the full 2009/2010 annual budget due early next year.

 

http://sg.news.yahoo.com/afp/20081123/tts-...ax-cac1e9b.html

 

The British govt care for their people..what about ours?

 

but 15% GST is still

[Gnoikj]

Yah man..when I was staying there..literally eating bread and drinking water for many meals...even the bread and water not cheap! haha

[Nolicense]

but for them, the cost base is very high. everything is like restaurant and gst count very clearly on the receipt.

 

for us, our hawkers and food price simply add in 10 cent to 50 cent price, that's 20% increase. for food say $2 up 50cents that's 25% increase.

 

you say our increase more chiaklat or their price increase more chiaklat?

[Nolicense]

bro, you earn SGD but spen GBP. of cos eat bread and water lah.

[Albeniz]

  Quote

for us, our hawkers and food price simply add in 10 cent to 50 cent price, that's 20% increase. for food say $2 up 50cents that's 25% increase.

 

I want to be a hawker, in Singapore.

[Shull]

our restaurant also count the GST clearly what..

 

anything with proper receipt will need to have GST included..

 

so do hawkers pay GST to the garment?

[Sdf5725]

We are different bro. How much their prime minister draw for their salary? We are at different level. cannot compare.

[Silver_blade]

True. If you earn GBP....you eat fish & chips and take away more often.

[Nolicense]

i think turnover must be 1mil and need to register for gst to collect/claim gst pass through.

 

otherwise, we ALL pay gst regardless

[Lv3338]

why out govt...say GST cut is not a option here...cos they need the revenue to help companies...during this down turn....they really have "good" reason...to say...

[Davidklt]

you migrate there lor..

 

  Quote

Britain 'to slash tax on goods and services'

 

LONDON (AFP) - - The British government was on Monday set to announce a cut in value added tax (VAT) to 15 percent from 17.5 percent to stimulate spending on goods and services as the country faces recession, reports said.

ADVERTISEMENT

 

The cut in VAT was emerging as a likely centrepiece of the Labour government's latest budget report, British newspapers said on Sunday.

 

"I want every household facing difficulty at this time to know we are ready to help and on their side," Prime Minister Gordon Brown wrote in the popular News of the World weekly tabloid.

 

"I know how worried many people are about their jobs, making ends meet at the moment and about the security of their homes.

 

"No politician can promise to stop the difficult times, but I can promise that we will do everything we can to help people get through them fairly," Brown added.

 

British finance minister Alistair Darling will on Monday unveil a budget report also expected to outline plans to boost government spending.

 

Darling, formally known as the chancellor of the exchequer, will present his pre-budget -- an outline of his taxation and spending plans ahead of the full 2009/2010 annual budget due early next year.

 

http://sg.news.yahoo.com/afp/20081123/tts-...ax-cac1e9b.html

 

The British govt care for their people..what about ours?

 

but 15% GST is still

[Amuze]

Revenue? coughing up Billions to buy up sinking firms is MORE important that citizens?

[Amuze]

Sorry, the MIW do not eat at hawker centres.

[Shull]

if i have the chance...i will...

[Vroomtattat]

  Quote

We are different bro. How much their prime minister draw for their salary? We are at different level. cannot compare.

 

Yup, apples with apples, durians with durians and not apples with durians, durians with apples.

Edited November 23, 2008 by Vroomtattat

[Arowana1]

our world class gahmen will increase gst to 10% very soon cos recession will hit the poor the worst, and u know la, gst is to help the poor mah

[Hub_n_mona]

they will have reasons to increase GST lah..they will say, look at other countries (common tactic when it suits them)..other countries GST is 15%! Think not many world class countries have gst lower than 7% lehz..

[Karebu]

but they 'welfare state' so to speak. free medical healthcare. that's like quite abit. everyone will get old, fall sick. easily tens of thousands for operation..