GST from tourists. Why not? In 2019, tourism receipts was $27.7 billion

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Now that our borders are open, tourists will start to come back and we will be able to collect revenue from tourists’ spending through the GST. In pre-COVID time, the bulk of net GST collected came from tourists and foreigners residing here, in addition to high income earners. At least 60% in fact. 19 million […]

Does GST hurt the poor the most? Arguments from PSP and WP.

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Despite Finance Minister Lawrence Wong taking great pains and going to great lengths to explain how the government has designed the GST in such a way that it is actually progressive and not regressive, and does not hurt the poorer segment of society, the opposition WP and PSP continue to mislead on the impact of […]

Are there compelling reasons to raise GST?

Are there compelling reasons to raise GST?

Our population is ageing rapidly. By 2030, approximately 900,000 citizens or one in four citizens will be aged 65 and older. For sure, healthcare expenditure will go up. Since the last time the GST was raised in 2007, public expenditure has gone up significantly. Between 2007 and 2019, government spending more than doubled from S$33 […]