the truth behind 7% GST

[leetahbar]

just read the news that jap PM would raise their gst from 5 to 8 and then to 10% eventually. the reason was if it isn't raised then jap would be able to pay the debt and would probably degenerate into another economic crisis.

back in sgp, our gst was initially raise from 3 to the present 7%. the reason was "to help the poor and the needies and no one would be left behind..." i think that is all CRAPS!!

it could be that our situation was similar to japan, that is , in grievous debt. hence gst was raised which should be the real truth. aiding the poor and needies was a smoke screen to make everyone feel better.

what do u guys think?

 

[GOD IS MY DOG]

to finance the SAF...........also just the Prime Minister's Office already using around 500million a year to run it ???!!!


the SAF has been used as a tool to impress Lee Clan's real bosses in London..........

 

[chonburifc]

All along, thought it was to 'help the poor'?

 

[Thick Face Black Heart]

just read the news that jap PM would raise their gst from 5 to 8 and then to 10% eventually. the reason was if it isn't raised then jap would be able to pay the debt and would probably degenerate into another economic crisis.



what do u guys think?

That is a good move. If they don't increase taxation, Japan will have trouble paying off its debts. But don't forget japan's debts are yen denominated, they can print money to pay off debt if need be. I think a few years later they will still resort to doing that.

We will see USD/Yen 150 within this decade.

 

[Jumong]

I believe the move was to cover the losses that Temasek and GIC suffered. But since MIWs are into flowery language, it's to fill the financial cavities in Temasek and GIC.

 

[leetahbar]

after reading that revealing news, i realised the real purpose of our GST. would they be raising it again? help more poor and needies? better think again.

 

[Conqueror]

10% GST Is Coming To Town

just read the news that jap PM would raise their gst from 5 to 8 and then to 10% eventually. the reason was if it isn't raised then jap would be able to pay the debt and would probably degenerate into another economic crisis.

back in sgp, our gst was initially raise from 3 to the present 7%. the reason was "to help the poor and the needies and no one would be left behind..." i think that is all CRAPS!!

it could be that our situation was similar to japan, that is , in grievous debt. hence gst was raised which should be the real truth. aiding the poor and needies was a smoke screen to make everyone feel better.

what do u guys think?

I thought I've heard that LHL is going to raise the GST or VAT to 10% this year.

 

[leetahbar]

Re: 10% GST Is Coming To Town

I thought I've heard that LHL is going to raise the GST or VAT to 10% this year.

he can if he finds another more CONvincing reasons to back it up.

singaporeans are a species of very easy to convince breed that cannot differentiate a con from another CON. as long as everyone's happy with it, so be it.