Tuesday, November 19, 2013

GST in singapore

Many people love the government to provide lots of services - education, healthcare, housing, transport, etc - which are better provided by the private sector. But many people do not want to pay for it? Take away the GST and we're talking about a $6.5 billion deficit for the government. Be realistic!

Also, consumption tax such as GST is better than an income tax. You want to tax spending and consumption, and encourage savings and hard work.

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