The taxman cometh, and he means to have a hike
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
1. What do you think was a significant thing that happened this week?
Singapore Prime Minister Lee Hsien Loong said on Sunday that it was "not a matter of whether, but a matter of when" taxes would have to be raised, setting off a frenzy of speculation that some kind of tax hike might be announced in the next national budget.
The leading candidate for a revision at the moment is the Goods and Services Tax (GST), which currently stands at 7 per cent and was last changed in 2007.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
