Despite criminal conviction Pritam deliberately misleads people again - here’s IMF data to prove it
Considering his recent troubles one would expect the Workers' Party leader to behave more responsibly.
National Budget
11 Posts
One last time: why is Singapore increasing GST?
Nine percent GST rate is upon all Singaporeans, starting January 1st of 2024. Here's, one final time, one chart and two reasons which explain why the tax is going up. Reason no. 1: the society is getting older, requiring higher expenses i.a. on healthcare from the national
Has Jamus Lim commented on Norway’s wealth tax driving the rich away?
Remember Jamus Lim proposing wealth taxes of up to 2% for Singapore? Well, this is what has just happened in Norway, after the government bumped the local wealth tax rate by 0.1%. Norway is one of the few countries which is taxing wealth, at a combined rate of 1%
Will Pritam Singh ever acknowledge the existence of objective figures?
So, Pritam Singh chose to grandstand again, this time preaching about the dangers of division of the country into two Singapores. To fight it he urges more wealth redistribution! And then he chose to circulate what I'm sure his party colleague would call "folksy wisdom", that
There’s one alternative to GST hike that nobody is talking about
So far, the only alternatives to the impending GST hike in Singapore are based on taking money from somewhere else. But what if there was one that didn't require any new taxes or draining the reserves? In fact, what I'm about to point to is one
PAP and WP agree: more money is needed. Their financing ideas, however, are very different
I think it's worth reminding all of those complaining about the bump in GST that, actually, both PAP and WP agree that more money is needed. It's not like the government is somehow raiding the pockets of millions of Singaporeans, while the opposition is up in
How can we make sure the GST hike is absolutely necessary?
So, the amendment of the GST bill is proceeding through the parliament, meaning the hike is just around the corner. And, I know, we've been through this topic many times already. We've heard it all from politicians (both PAP and opposition) arguing for and against the
Why Singapore needs to increase GST during current crisis
Conventional knowledge suggests that economic crises are not the best time to increase taxes. After all, they tend to add to the burdens already faced by the economy at a time when it should be lifted. So, why is Singapore pressing with the GST increase to 9% by 2024? Firstly,
COE is a tax on the wealthy
I remember when I first heard how much it costs to buy a car in Singapore I was absolutely astounded.With all the import taxes and COE the sum you have to pay for a mid-range hatchback could let you very nearly buy a supercar in Europe. The thing is,
GST hike is mainly a tax on the rich
I've long observed that the government in Singapore, while delivering a solid performance, has problems with communicating it clearly to the public. One such example is the impending GST increase to 9%, which was tentatively announced back in 2018 and is now planned to take place by 2024.
LKY SPP professor suggests wealth tax for Singapore. It’s a terrible idea.
Lee Kuan Yew would not be pleased.