Auditing firm PricewaterhouseCoopers has released a white paper on Singapore
calling for a review of Singapore's tax system to "reposition the Republic
for value creation" and to fund more social and welfare programmes.
The paper said: "Enlarging the economic pie, with the resulting broadening of
the tax base, would no doubt be the preferred approach. However, nothing
should be off the table, including potentially increasing the GST over time
to provide a stable income base for funding social expenditure. "
In other words, PWC is suggesting that the PAP considers increasing GST in
This is often how the pap works. It gets a consultancy firm to do the dirty
job of recommending what the PAP wants to achieve. In this case, is the pap
getting PWC to recommend its aim of increasing GST. A Chinese saying goes"
borrow another person's knife to kill"
Is this a precursor to PAP agreeing with PWC soon and increase GST?