GST was introduced in Singapore in 1994 at the rate of 3%. Over the years, it has increased to 5% and now 7%. The government announced that it will be increased to 9% in a few years time.
Most people have got used to GST. They asked the government to keep it at 7%.
I disagree. I wanted GST to be totally abolished.
I posted this question in the Wisdom of the Crowd - Should GST be abolished?
58% of the respondents said that GST should be totally abolished as the government had sufficient revenue from other sources. Its abolished will have a major impact in reducing the cost of living.
23% said that we should keep GST but waived it for essential items.
13% said that we should keep GST but reduce the rate to 5% or 3%.
5% said that we should increase GST to 9% to give more money to the goverment to spend on social programs.
See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=599
Most people have got used to GST. They asked the government to keep it at 7%.
I disagree. I wanted GST to be totally abolished.
I posted this question in the Wisdom of the Crowd - Should GST be abolished?
58% of the respondents said that GST should be totally abolished as the government had sufficient revenue from other sources. Its abolished will have a major impact in reducing the cost of living.
23% said that we should keep GST but waived it for essential items.
13% said that we should keep GST but reduce the rate to 5% or 3%.
5% said that we should increase GST to 9% to give more money to the goverment to spend on social programs.
See the breakdown of the votes in
http://www.wisdomofthecrowd.sg/chart.aspx?ID=599
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