Tharman quietly says government have to raise revenues..... We kena farked again

[Cestbon]

What gov should do?
1. Take away GST because it tax everyone included lower income. No need to give SGT rebate. Reduce work,mailing...can save lot of manhour
2. Make electricity traffic have 2 tier. 1st tier>> 1st 300kw have lower prive and above extra 30% , same as water So more will save energy. Income can come from that extra 30%. No need to give utility rebate. Wasting time and mailing.
3. Reduce SAF budget 20~30%
4. Up income tax and also vehicle tax, parking fee. Those have car normally PA income more than $50k. So those own the car should be able to afford to pay more. If cant afford dont drive.
5. Reduce cutting grass from 3 time to 2 time that save 1/3 of the cost. Whole Sg that big $$$
6. Reduce lamp post by 1/4. Reduce elecricity and cost of maintenance.

 

[Papsmearer]

What gov should do?
1. Take away GST because it tax everyone included lower income. No need to give SGT rebate. Reduce work,mailing...can save lot of manhour
2. Make electricity traffic have 2 tier. 1st tier>> 1st 300kw have lower prive and above extra 30% , same as water So more will save energy. Income can come from that extra 30%. No need to give utility rebate. Wasting time and mailing.
3. Reduce SAF budget 20~30%
4. Up income tax and also vehicle tax, parking fee. Those have car normally PA income more than $50k. So those own the car should be able to afford to pay more. If cant afford dont drive.
5. Reduce cutting grass from 3 time to 2 time that save 1/3 of the cost. Whole Sg that big $$$
6. Reduce lamp post by 1/4. Reduce elecricity and cost of maintenance.

NO need all this lah. Just do like the Malaysians do. If you are not a citizen, than there is a 100% stamp duty on any property you buy in Singapore. Like that, singaporeans do not have to compete with FTs for flats, and the rich FTs can pay the duty no problem.

 

[Kuailan]

PAP just gave a stupid ball park figure giving Senior S$8Billion you believe
this PAP CRAP???

Senior Shitizen will not even see one cent from the fund!! this is wayang so that they can increase
taxes from else where!! Remember this Oldman was a Lawyer! LHL is a Mathematician
NOW looks he's becoming a Magician!!!~ Now u see! Now you don't!!

Where's the S$8Billion? in my pocket!! Where's the 2% GST money to help the POOR??
In my pocket!! so Sinkieporean you wait LONG LONG OK!! the sky will drop one day!!

 

[palden]

No worries. We are used to Kenna Fark. We are already so screw that there is no impact to our existence.

Hidden somewhere in an obsure corner of CNA's website :

http://www.channelnewsasia.com/news/business/s-pore-will-face/1021682.html

SINGAPORE: Singapore will face structural budget deficits if it does not raise revenues in the next decade.

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam gave this warning in Parliament on Wednesday.

He said the government will have to raise revenues while maintaining Singapore's economic competitiveness and keeping a low tax burden on the middle-income.

To support the elderly and low-income families, the government is spending more on healthcare and social services.

This is expected to result in a budget deficit of S$1.2 billion for 2014 -- the country's first deficit since fiscal year 2009.

Mr Tharman said: "Revenues are not going to increase as a percentage of GDP, but spending will go up as a percentage of GDP. So we will not have the current fiscal advantage that we have, in the future. And at some point, our revenues will fall short of expenditures."

He warned that Singapore will run into structural deficits, unless it raises revenues in the next decade.

The Singapore government knows it has to raise revenues in order to pay for increased social spending.

But how will it go about doing that, given that one of its objectives is to keep the tax burden low for the middle-income?

One tax expert said that one way the government can raise revenue -- without increasing direct taxes on corporates or individuals -- is to broaden the tax base.

PricewaterhouseCoopers Tax Partner, Abhijit Ghosh, said Singapore could look at broadening the tax base by taxing investment income or capital gains.

Mr Ghosh also said that it's unlikely for the government to raise revenue by raising corporate taxes.

Singapore's corporate income tax rate - at 17 per cent - is among the lowest in the region, but it has to contend with competing jurisdictions such as the UK and Taiwan, which have or are planning to lower rates.

In his speech on Wednesday, Mr Tharman also said that there is further room to enhance asset taxes, which refers to taxes on cars and property.

He added that it's important for Singapore's tax system to remain fair and equitable.

- CNA/ir

 

[zhihau]

He added that it's important for Singapore's tax system to remain fair and equitable

simple, cut military budget by 20% and you'll have a lot to spare.

 

[zhihau]

I suggest 75%.

like that how to pay protection fee?