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

GST, tax, system, benefits, contribute, lawrence, wong

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 […]

Can Singapore borrow to fund soft capital like education: Jamus Lim

infrastructure, borrow, fund, education, public, services, spending, expenditure, soft, Jamus Lim

Sri Lanka’s financial crisis didn’t happen overnight. It began harmlessly enough. Sri Lanka operated budget deficit after budget deficit. Instead of taxes, they borrowed at commercial rates to fund public services. Everything was okay as long as they were able to repay the loans and interests on time. But when their sovereign credit rating was […]

Did Workers’ Party propose more than one way to dip into strategic reserves?

reserves, generation, spend, future, wp, nirc, land, sale, proceeds, grow, propose, increase, netizen

Did Workers’ Party (WP) propose more than one way to dip into Singapore’s strategic reserves? Yes they did. WP in fact, proposed 2 ways to dip into our strategic reserves for recurrent spending: direct use of land sale proceeds and increased use of NIRC. Land sale proceeds Singapore’s reserves include physical assets like land. Currently, […]

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

spend, income, reserves, government, asset, future, generation, increase, land, PSP

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 […]

Lessons from WP on how to keep the golden goose lean and thin

spend, goose, land, Singaporeans, future, income, WP, budget, generate, proceeds, well-being, fat, generation, people's, raise, reserves, sale

The Workers Party (WP) which opposes the GST hike, proposes to raise revenue to fund increased spending in the following ways: Use land sale proceeds to fund budget spending; Increase NIRC ( Net Investment Returns Contribution) from 50% to 60%. Point 1 Currently, proceeds from land sales are already being used – indirectly – for budget […]

On Pritam Singh, playing victim and absence of shame in the Raeesah saga

WP, leaders, opposition, shame, democracy, integrity, lack, lie, play

You know what’s the saddest thing about this whole saga of ‘lies upon lies’? It is the total absence of shame. Up till now, there is a complete lack of admission of wrongdoing by the three WP MPs and leaders, Mr Pritam Singh, Ms Sylvia Lim and Mr Faisal Manap. There is absolutely no contrition. […]

Sylvia Lim’s Apple phone hack warning and the political games she plays

Lim, Phone, Police, Shanmugam, hack, agency, minister, government, parliament, Singapore, approach, examination, forensic, report, state

Singapore state agencies did not hack WP Sylvia Lim’s iPhone, Law and Home Affairs Minister K Shanmugam told Parliament on Friday, 18 Feb. The Minister’s response came after an exchange between Ms Lim and Minister of State for Home Affairs Desmond Tan on the government’s use of spyware. Ms Lim said she had received a […]