Manpower Minister, Leader of Opposition spar on effectiveness of taxation 'levers'
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Singapore
GETTING around the increase on Goods and Services Tax (GST) by putting a heavier load on richer Singaporeans sounds "very simple and attractive", but Manpower Minister Tan See Leng questioned its feasibility in Parliament on Mar 1 (Tuesday), noting that the raised taxes will ultimately hit middle income earners.
Instead of increasing the GST, Member of Parliament Jamus Lim said on Monday, the first day of the Budget debate, that the Workers' Party (WP) had worked out several "levers" - namely a corporate tax, wealth tax, "sin tax" and tapping of the reserves.
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