Gst 10% soon

[Spinelli_ck]

Soon it will be raised to 10% ... just a matter of time niah ...

after GE !

 

lots of fats can still be trimmed without raising the GST. are the people in charge thinking hard enough? their penchant for taking the easy way out is certainly undesirable.

[Aaronlkl]

https://www.youtube.com/watch?v=f-pzPwgR_u0

 

[Mrmilktooth]

So how many % of the voters need to repent this time around?

....

 

I'm e minority..

[Joseph22]

Guys, I just want to point out this: GST might not have risen to 10%, but there are other "invisible" taxes that eats into our spending power, in a similar way as would a GST hike result in.

 

Consider the increased PARF for vehicles, 140% and the 180% on higher OMV vehicles.

 

Consider the (recently) increased fuel tax.

 

Consider the (just last year) increased alcohol and tobacco tax.

 

Yes, while anyone can argue that this does not affect non-drivers / non-smokers / non-drinkers, the invisible taxes still eats into our spending power as a population.

Those are luxurity tax. I support.

[Mustank]

Those are luxurity tax. I support.

 

i think govt need to define what is a minimum standard of living per person per year. let say it is $1000 per month, $12,000 per month.

 

the first $12,000 should be totally GST free. GST (lets say raise to 10%) rebate of 10% should be given in the form of a tax rebate to all payers. the more dependants you have, the more rebate you receive. The cap of the rebate will the tax the person is paying. this effectively catches those jokers who earn a lot of money but declare less tax.

[Joseph22]

 

i think govt need to define what is a minimum standard of living per person per year. let say it is $1000 per month, $12,000 per month.

 

the first $12,000 should be totally GST free. GST (lets say raise to 10%) rebate of 10% should be given in the form of a tax rebate to all payers. the more dependants you have, the more rebate you receive. The cap of the rebate will the tax the person is paying. this effectively catches those jokers who earn a lot of money but declare less tax.

How to monitor. This is real life not rpg game where everything is coded leh.

[Hydrocarbon]

You missed out the VEP (just last year).

 

I probably missed out a few others too, but I think you get my drift..

 

Those are luxurity tax. I support.

 

I'm neutral about those, just pointing out that while GST wasn't increased directly, there are other indirect (also consumption-based) taxes that were increased.

[Joseph22]

 

I probably missed out a few others too, but I think you get my drift..

 

 

I'm neutral about those, just pointing out that while GST wasn't increased directly, there are other indirect (also consumption-based) taxes that were increased.

No problem. I just hope they don't raise gst 🙊🙊

[Hydrocarbon]

No problem. I just hope they don't raise gst 🙊🙊

 

Me too, man... Me too....

[Mustank]

How to monitor. This is real life not rpg game where everything is coded leh.

 

Bro monitor what? no need to monitor anyhing what? just need to define the basic life expenditure and decide at which level, gst not need to pay

[Fcw75]

Definitely after the 2016 election they will increase to 10%.

[Mustank]

Definitely after the 2016 election they will increase to 10%.

 

tharman himself say:

 

inevitable but not imminent =

sure come one, not now only

[Baal]

I support that, but pretty sure they wont. Else there would be many defined as poverty class.

Dont look nice. Not good for image. Will invite a lot of overseas questions & locally.

Will also give opposition something to put across difficult questions.

Then become 1) Elite, 2) Upper, 3) Middle, 4) Working, 5) Poverty

Poverty & No.1 GDP is awkward.

[Atonchia]

Basic necessities should be tax free.

 

Products like rice, oils, salt, etc with generic brand should be tax free.

 

Imagine now at 7%, a low income household with $2k per month, that most likely would spend all the amount, is paying 7% for everything they spend, the $300 GST rebate is effectively a 1.25% off the 7%, which may not be sufficient to help this families.

[L23]

So how many % of the voters need to repent this time around?

....

 

I'm e minority..

 

Scaly, your group of minority may become majority in the coming election time leh...

Edited February 27, 2015 by L23

[Joseph22]

 

Bro monitor what? no need to monitor anyhing what? just need to define the basic life expenditure and decide at which level, gst not need to pay

That one is cover at Income tax level already leh.

Basic necessities should be tax free.

 

Products like rice, oils, salt, etc with generic brand should be tax free.

 

Imagine now at 7%, a low income household with $2k per month, that most likely would spend all the amount, is paying 7% for everything they spend, the $300 GST rebate is effectively a 1.25% off the 7%, which may not be sufficient to help this families.

You forgot about all the other "poor" man relieve or rebate.

 

Scaly, your group of minority may become majority in the coming election time leh...

He say the group of PPl to repent and say he is minority. Ermmm he is pap supporter in wp ward.

Edited February 27, 2015 by Joseph22

[Goldbug]

 

Bro monitor what? no need to monitor anyhing what? just need to define the basic life expenditure and decide at which level, gst not need to pay

 

issue a pioneer generation NTUC supermarket card, discount pegged to prevailing GST? i.e GST 7%, get 7% discount...

[Hosaybo]

maybe it will depend on the prevailing coe. Now property transaction has gone down and so has stamp duty which account for a sub amount of revenue. if coe also go down, the gov got to find money from Other sources.