Thursday, May 12, 2011

GST and Government Spending

This article explains the share of GST to tax revenue and how it is spent. TKL Website

1 comment:

  1. Thanks to R H Chan for this incisive exposé. Citizens need more such reports to prevent the government from pulling wool over their eyes.

    R H Tan’s paper confirms what economists have been saying all along: GST is a regressive tax, imposing a heavier burden on the poor than on the rich. It is thus a factor contributing to the widening income gap, and it is government-induced.

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