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-   -   Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee (http://forums.sgclub.com/singapore/higher_taxes_inevitable_538655.html)

Photosnapper 20th November 2017 06:02 AM

Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee

By Tan Wei Zhen
Published19 November, 2017
Updated 19 November, 2017

SINGAPORE - Reiterating that it is a matter of when and not if taxes will be raised, Prime Minister Lee Hsien Loong said that "well before the time comes", the Government will explain to Singaporeans what the money is needed for and show how it will benefit the young and old.

He was speaking at the People's Action Party (PAP) convention on Sunday (Nov 19), where he touched on the PAP government's priorities when Parliament reconvenes after it is prorogued following the Budget next year.

Read more at source:
http://www.todayonline.com/singapore...y-going-pm-lee

Photosnapper 21st November 2017 05:37 AM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
GST tax hike in S’pore ‘likely’ but not in near term, experts say

By Kenneth Cheng
Published20 November, 2017
Updated 21 November, 2017

SINGAPORE — Raising the Goods and Services Tax (GST) is the likeliest means through which Singapore could bump up tax revenues, though there is no pressing need to undertake such a "politically challenging" move anytime soon, economists and tax experts said on Monday (Nov 20).

They were responding to a speech by Prime Minister Lee Hsien Loong on Sunday, where he reiterated that it was a matter of when, and not if, taxes would be raised. While the Government has enough revenue for the current term, future expenditure is expected to go up significantly in areas such as social safety nets and services — including healthcare — and investments in infrastructure, he pointed out.

Read more at source:
http://www.todayonline.com/singapore...ly-experts-say

BicCherry 21st November 2017 06:10 PM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
Quote:

Originally Posted by 1SMRTPAIB (Post 111384886)

2012 announced GST to be increased. In 2015GE, 69.9% OVERWHELMINGLY supported GST increase, so now let us move on and suffer together in silence.

http://2.bp.blogspot.com/-XWVCzfrBS-...man,+quote.JPG
http://2.bp.blogspot.com/-ZvFv19-FSS...ext+decade.JPG
http://3.bp.blogspot.com/-yEMl4YawNW...Aug2013%29.JPG

Photosnapper 22nd November 2017 07:53 AM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
Singapore set for tax hike: What could it be and when?

By Tang See Kit @SeeKitCNA
21 Nov 2017 07:38PM (Updated: 21 Nov 2017 07:45PM)


SINGAPORE: A rise in the goods and services tax (GST) is one way the Government could raise revenue to finance the country’s spending needs, though economists are divided on when that could happen if this option was pursued.


The taxman could also be mulling a further rise in “sin” taxes or having duties on digital goods and services.

Read more at source:
http://www.channelnewsasia.com/news/...d-when-9425922

Photosnapper 23rd November 2017 06:20 AM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
E-commerce could be an area for Singapore to diversify tax base: Indranee

22 Nov 2017 02:00PM (Updated: 22 Nov 2017 02:53PM)


SINGAPORE: The Singapore Government is looking at widening levies on e-commerce to broaden its tax base, Senior Minister of State (Finance and Law) Indranee Rajah was quoted saying in a Bloomberg report published on Wednesday (Nov 22).

In the interview, Ms Indranee mentioned e-commerce as one area that would allow Singapore to further diversify its tax base.

Read more at source:
http://www.channelnewsasia.com/news/...x-base-9428296

Photosnapper 23rd November 2017 06:33 AM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
Taxing e-commerce players a potential minefield: Experts

By Tan Weizhen
Published21 November, 2017
Updated 21 November, 2017

SINGAPORE — While the fast-growing e-commerce sector could be a lucrative source of future tax revenue, experts TODAY interviewed pointed out the myriad of challenges that governments around the world have to grapple with, including the difficulty of enforcing the tax regime and collection.

Read more at source:
http://www.todayonline.com/singapore...efield-experts

Photosnapper 23rd November 2017 06:34 AM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
Singapore will ensure higher earners pay more tax: Indranee

By Tan Weizhen
Published22 November, 2017
Updated 22 November, 2017

SINGAPORE — The Republic’s tax system should be based on the principle that high earners should pay more, Senior Minister of State (Finance and Law) Indranee Rajah said in an interview with Bloomberg published on Wednesday (Nov 22).

Read more at source:
http://www.todayonline.com/singapore...e-tax-indranee

christmas_ 23rd November 2017 10:15 PM

Re: Higher taxes inevitable, and Govt will explain ahead of hikes where money is going to: PM Lee
 
Why not cut spending ?


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