Tag Archives: Tax

In the post Budget debate in Parliament on Friday, WP's Pritam Singh reiterated the Workers' Party stance on the GST, even though DPM and Finance Minister has said that GST will not be raised in 2021, but will have to be raised eventually by 2025. In his speech, Mr Pritam Singh said that the WP still stand by their earlier comments, that the GST is a regressive tax, and that the tax raise would hit the low and middle income, retirees and seniors particularly hard as they would have to manage their expenditures more frugally, because offsets do not last forever.

SDP have come out with their policy changes for the General Election campaign. Chief among them is cut Ministerial Pay, return CPF in full to account holders, and tax the rich 1% more.

'The Government has served notice that it is increasing personal taxes to ameliorate its coffers and that those earning higher wages should pay more.

So, is it any wonder that our Press Freedom ranking is 151st in the world? Almost every time that we hear that taxes need to be increased because of increasing social spending – there are hardly any details on the projected sums and how the increased tax revenue will be used? This is not the norm for practically every developed country in the world when they talk about raising taxes.

He say we Germans pay 35% tax but we get non employment benefits free education free health care and insurance and most of all retirement benefits.

I refer to the recent PAP convention that ended yesterday. We have been advised to expect increase in our tax rate, possibly the GST.

Tax in singapore is hidden and works under disguise. is around 30-40%.

But investments and social spending are costly, and the Government must make sure it can afford them, he said. Speaking to about 2,000 activists at the PAP convention, Mr Lee said that while Singapore has enough revenue for this term of Government, spending has been going up and must rise further. And as Singapore’s spending needs grow, he stressed that Finance Minister Heng Swee Keat was right when he said that raising taxes is not a matter of whether, but when.

But, as time goes by, private hire vehicles have evolved, and now have become more like taxi services, minus off the taxi licensing fees. Now, it is very obvious that private hire vehicles are getting bigger in number. Rental companies have been popping up ever since. More cars are on the road, thus causing more traffic jams. And they even have an association who is asking LTA to allow them the use of a taxi stand/stop, asking also from IRAS to discuss their tax matters.

Has tax deduction somehow discouraged people from making donations? Our reader noticed a plunge in donations after SG50 and wonder if we can help needy Singaporeans if this continues.