somewhere i jus dun buy e gahmen's argument..
anyone who has taken intro econs will know tt GST is a regressive tax, that is, e poor will end up paying a higher proportion of taxes than the rich..
although e gahmen promised to offer relief packages to e poor, how long is it going to help to offset e hike?? at most 15-20 yrs??
BUT e GST is going to last a lifetime!!!!
Net effect = ??? (obvious ans rite??)
n i oso dun realli buy e argument abt e urgent need to decrease direct tax rate now...
read it somewhere tt direct tax rate will ONLY come into play when MNCs see tt both countries hav e same level of infra, labour force, political stability etc.. in other words, there are LOTS more factors tt affect e flow of FDI..
n they really know when to announce e hike...
they claim tt e economy is robust..
yeah right, forecasts have been rife abt predicting e cooling down of US economy nxt yr..
i seriously dun think spore will be immune to e slowdown lor..
one jus nid to think post 9-11..
n oso its onli barely 2 yrs since e last hike!!!
how come i neva see e CPF employers rate rising ah??! (it has been 3-4 yrs since e cut, i guess)
thought i rem reading at e Straits Times tt e long run rate of CPF will still remains at 36%..
if e economy is doing well now, can there be a restore in e rates??
esp since most companies are not heeding e govt advice to give back more to employees when e company is doing well..
most jus take e CPF rate cut for granted and treat it as an easy cost saving measure w/o working hard to cut cost..
be prepared to see lotsa reports why hike in GST is good, at least until next Feb...
though most economist will say tt tax are distortionary and results in welfare loss..
