Is this fair?
Found a link regards GST, looks like alot of people wants GST reduced, even TKL has now suggested it.
It will be a matter of time only... the economy is doing a tailspin something must be done to encourage spending, I think better eat their words and make it less painful for poor and especially the elderly lah. GST is impact across the board, poor also hit and they are hit hard.
I still prefer GST than income tax.
GST is tax on spending, and you will feel the pinch if you splurge.
Income tax on the other hand is taxing on your effort to make more. The rich pays a higher income bracket than majority of us.
Since I don't splurge that often (except when buying new body ) I don't pay much GST.
There were many calls on cut in GST.
Do you think GST cut will be included in the budget package?
How can shop/office rental cost come down?
How can labor cost be cheap?
All these are related to the whole economy.
It's for sure, in 1st Class World State like S'pore, there is no way to cut cost of running a business, other than unemploying locals and welcoming cheap labor from 3rd world countries.
I remembered a stall at a carpark near the cable car station was only renting at a charge of about $200/mth. But when it was opened for bidding, the $$$ went to about $2000/mth.
Most of the ppl would say that they loose money. But they make money, they dont tell the whole world.
Well when they spent, they pay GST. If the spend more they pay more!