United Arab Emirates best! No tax!
If we are going to have GST, we must do away with the income tax! Why are our income taxed? We are not a serf any more and we are suppose to be master of our own land. So why is the fruits of our labour being taxed?
Simple. Governments need money to run the country - they need to build schools, hospitals, houses, roads, rails, airports, police stations, army camps, provide water and electricity.......and many more.United Arab Emirates best! No tax!
If we are going to have GST, we must do away with the income tax! Why are our income taxed? We are not a serf any more and we are suppose to be master of our own land. So why is the fruits of our labour being taxed?
Simple. Governments need money to run the country - they need to build schools, hospitals, houses, roads, rails, airports, police stations, army camps, provide water and electricity.......and many more.
And not forgeting their m$ salaries as well.
Simple. Governments need money to run the country - they need to build schools, hospitals, houses, roads, rails, airports, police stations, army camps, provide water and electricity.......and many more.
You pay income tax to partly support all these infrastructure and services to ensure that you and your family live in the country with a reasonable standard of living and security. Progressive income tax means those who earn a higher income pay a higher income tax, and those who earn less pay less - each pays according to his ability to pay to support the government.
GST or VAT means you pay when you consume. The more you consume or buy, the more you pay. The less you consume, the less you pay - but some essential services are GST free like school fees or hospital fees.
When you live in a place with abundant natural resources like gas and oil and mineral resources in countries like Brunei and UAE, then you pay less or no tax because these resources are able to pay for all these government services.
Unfortunately, Singapore has no natural resources to support government services or building of infrastructure. So taxes are imposed on citizens (personal income tax); taxes on goods and services consume (GST) and taxes on companies that make profits.
Some countries like Australia have very high income taxes even though they have many natural resources. This is because they need to support all their citizens who are not working or unable to work because they are retired or not fit. They call this the Social Security Tax. It supports social welfare for the people.
People who pay income taxes are indeed the master, not the slaves. Without you, the government simply cannot exist.
Yes, you pay in peanuts you get monkeys in Parliament.
Simple. Governments need money to run the country - they need to build schools, hospitals, houses, roads, rails, airports, police stations, army camps, provide water and electricity.......and many more.
You pay income tax to partly support all these infrastructure and services to ensure that you and your family live in the country with a reasonable standard of living and security. Progressive income tax means those who earn a higher income pay a higher income tax, and those who earn less pay less - each pays according to his ability to pay to support the government.
GST or VAT means you pay when you consume. The more you consume or buy, the more you pay. The less you consume, the less you pay - but some essential services are GST free like school fees or hospital fees.
When you live in a place with abundant natural resources like gas and oil and mineral resources in countries like Brunei and UAE, then you pay less or no tax because these resources are able to pay for all these government services.
Unfortunately, Singapore has no natural resources to support government services or building of infrastructure. So taxes are imposed on citizens (personal income tax); taxes on goods and services consume (GST) and taxes on companies that make profits.
Some countries like Australia have very high income taxes even though they have many natural resources. This is because they need to support all their citizens who are not working or unable to work because they are retired or not fit. They call this the Social Security Tax. It supports social welfare for the people.
People who pay income taxes are indeed the master, not the slaves. Without you, the government simply cannot exist.
Yes, you pay in peanuts you get monkeys in Parliament.
United Arab Emirates best! No tax!
If we are going to have GST, we must do away with the income tax! Why are our income taxed? We are not a serf any more and we are suppose to be master of our own land. So why is the fruits of our labour being taxed?
thanks for this recommendations of website... it's very useful for market developers
seems like there are only 2 things that are absolutely certain on earth... DEATH & TAXES...
Good info.
Sg`s low corporate tax (coupled with well qualified engrish spiaking workforce) is a good place to set up shop.
Canada`s high personal tax - well, personal experience says that if you get a good tax consultant to fill out your tax form, you can get money back.
Cheers!
...............................in case PAP win this election again ...
Only dumb fucks like you think that your lives are owned by someone and hence it is alright to tax the fruits of your labour....