A person wrote to the St Times to complain about the wastage of paper in printing receipts for small purchases, e.g. supermarkets, etc.
I agreed. The receipts are hardly needed.
Another person replied that his company's accounts dept always insist on getting a receipt to recover the GST.
How wasteful. We are creating a lot of work, and wasting a lot of paper, just to handle GST. This is the hidden cost of GST that many people do not realize.
I call the GST system a "bits and pieces" system. We collect GST, refund it, collect again, etc. It is so wasteful and adds a lot of administrative cost.
I dislike the GST system of collecting and refunding "bits and pieces". I prefer that GST be entirely abolished and that the lost GST revenue should be recovered from income tax - if indeed it is necessary.
I believe that we can abolish GST without the need to replace the revenue, as the govt runs a big annual surplus.
If some revenue is needed, it can be collected as a tax on certain "luxury items", rather than collected GST in "bits and pieces".
https://tklcloud.com/Feedback/feedback2.aspx?id=2365
I agreed. The receipts are hardly needed.
Another person replied that his company's accounts dept always insist on getting a receipt to recover the GST.
How wasteful. We are creating a lot of work, and wasting a lot of paper, just to handle GST. This is the hidden cost of GST that many people do not realize.
I call the GST system a "bits and pieces" system. We collect GST, refund it, collect again, etc. It is so wasteful and adds a lot of administrative cost.
I dislike the GST system of collecting and refunding "bits and pieces". I prefer that GST be entirely abolished and that the lost GST revenue should be recovered from income tax - if indeed it is necessary.
I believe that we can abolish GST without the need to replace the revenue, as the govt runs a big annual surplus.
If some revenue is needed, it can be collected as a tax on certain "luxury items", rather than collected GST in "bits and pieces".
https://tklcloud.com/Feedback/feedback2.aspx?id=2365
2 comments:
Complexity should be out of style at least. People are hungry for simplicity because the world has become more complex. The amount of information to us is increasing continually. To ability to interact with the world is now possible. Technology is constantly advancing at a rapid pace.
The result is a complicated world which translate to busy lives. In the midst of all these, people long for simplicity, pay for convenience. People respond better to non-clutter.
Southwest Airlines is most successful and profitable airline. There are no assigned seats. Food is minimal as the plane fly the shortest distance, you wont be stopping in Chicago or Atlanta on every flight. The company makes money and the passengers saves time.
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