include("cmp.php");

Chiat lat! Wah lan GST going up in 2022

The next GE has to be held by sometime in 2026.

I was arguimg that GST will not up until after the next GE because increasing it in 2024 or 2025 will be good politics and any earlier could tank any recovery: Double confirm, no GST rise until after next GE . Related post: Why there’ll be no GST rise until after next GE.

But this by PM has me thinking that it could go up next yr or in 2023

Singapore’s economy could recover to pre-pandemic levels in 2021: PM Lee

 

Read more at https://www.todayonline.com/singapore/global-recession-less-protracted-initially-feared-singapores-economy-could-recover-pre

He said that the outlook has brightened considerably with economic growth this year is likely to exceed 6%, if there’s no setback to the global economy.

So you heard it first here, GST can go up next year.

 

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor
.

yyy
SPONSORED ADVERTISEMENT
Loading...

20 Responses to “Chiat lat! Wah lan GST going up in 2022”

  • Sheet!:

    Becos have to recover monies paid out during CB.

    GD Star Rating
    loading...
  • MarBowling:

    Apparently Mai Hum is trying his BESTEST to TALK UP SinKapore Economy! Period.

    He and his Gang have dumped hundred of $billions of taxpayers’ hard earned money to STIMULATE LOCAL consumption HOPING to FULFILL his pipe dream of achieving 4-6% GDP growth for 2021, and most of the funds are specifically TARGETED to HELP GLCs, Tombmasek Linked companies to ride over Covid-19! All these monies need to be RECOVERED and PUT BACK into our Nation Reserves vault under the NOSE oops SAFEGUARD of Pre$ident Halimau. INCREASE in GST is one of the BESTEST WAY!

    THINK Trading and Business with overseas countries are very sluggish after Covid-19 has surfaced. No LOONGER business as usual. Most Air and shipping routes are GREATLY affected! Before the latest huha DISCOVERY about Indian variant SURFACED, lots of filthy rich Ah Nehs have already LANDED in SinKapore and elsewhere like Australia, NZ, etc, countries which are CONSIDERED to be SAFE HEAVEN for PUTTING their $€£¥#*&@% and SOUL in! 61.24% and Big Nose Teo, what do you think?

    GD Star Rating
    loading...
  • oxygen:

    @ Sheet!

    THE RECOVERY this year is bought out of nearly $100 billion paid out during the CB.

    After that the economy will tank again in 2022.

    BUT BY THEN THE HIGHER GST is already installed JUST BEFORE THAT.

    Peasants is taken for another ride of a sucker.

    Sheet!: Becos have to recover monies paid out during CB.

    GD Star Rating
    loading...
  • Pap has the mandate:

    The PAP GIC companies are running out of free money from CPF, so need to raise GST to disguise “to help the poor”…lol.

    GD Star Rating
    loading...
  • ya lor:

    Overpaid a few hundred millions $ some more.

    Temasek Holdings comes out with billions $ of taxpayers money to bail out SIA, SembCorp Marine, etc.

    Wonder which crony companies also get help from taxpayers money? Pacific International Lines?

    TH/GIC/MAS farm out money to funds/PE, etc, did these companies directly or indirectly bail out the crony companies? Olam?

    SIA is burning cash every month, not millions $, it is billions, yet its share price skyrocketed beyond imagination, except for a few invisible hands.

    SBS Transit/ComfortDelgro, ST Engg, and many more – eg Bus contracting model, government is paying the bus companies for the contract (service) no matter how much the fares are collected for the government, yet the government is giving out grants/workers subsidies to these companies.

    No wonder companies are making more profit than pre covid. DBS is a classic example.

    PAP said the public sector would not get any year end bonus.

    How much performance bonus did PM, DPM, etc get? Not surprised if the performance bonus made up for the loss of the year end bonus.

    ,

    Sheet!:
    Becos have to recover monies paid out during CB.

    GD Star Rating
    loading...
  • few fortunate sectors:

    //He said that the outlook has brightened considerably with economic growth this year is likely to exceed 6%, if there’s no setback to the global economy.//

    aiyoh. brighen hor ? 6% growth hor (from lower base which is selectively benchmarked ??) ? if brighen, must up GeeAssTee meh ?? does absolute growth translate to real growth for most people (or concentrated to a few fortunate sectors / people) ???

    if brighen, why need skill future and trainee ship hor (got subsidy to companies or not ???), got anything wrong on brightening ??

    if brighten, a lot of things will be taken care of by itself lar (or wrong) ???

    GD Star Rating
    loading...
  • xoxo:

    G$T is regressive especially in Sg’s case with so many sgs losing their jobs ,precisely becos of another bad public policy of DUMPING FAKE TALENTS here.

    Unemployed and Under-employed sgs with NO SALARIES AND NO DECENT LEVEL OF SOCIAL SECURITY have now to fork out the same G$T as those non-sgs who stole our jobs and were given bigly grants of furlough from sgs’ hardearned reserves of $100 Billion!
    Why not CLAW BACK via INCOME TAX then?
    It is fairer way of clawing back.

    GD Star Rating
    loading...
  • Reboot:

    GST and slew of hikes on everything plus more changes to CPF will come. Satellite ERP in place, the rates will continue to climb.

    Whats new?

    GD Star Rating
    loading...
  • opposition dude:

    It will be next year then 2 years later the next GE. PAP pattern is to let any price increase hang around for 2 years before an election.

    But no worries since PAP won’t have the support that they did in the past. They continue to do things their way with total disregard to how we think. It’s always that their way is right.

    Don’t forget that when the next election comes there will be several thousands more young people who have reached voting age who are voting for the first time. And we all know PAP can’t connect with the younger generation out there.

    Looking forward to seeing PAP’s vote share plummet into the low 50% range!

    GD Star Rating
    loading...
  • financial planning:

    The govt already said any GST increase will be moderate, nothing to worry about. In comparison to other countries, our GST is considered low, even if it increases to 10%. Isn’t it better to tax consumption (which we decide how much to spend), instead of tax income (which discourage us from work)?

    GD Star Rating
    loading...
  • Singaporeans R Free Riders:

    Sheet!:
    Becos have to recover monies paid out during CB.

    Does money fell from the sky like fish fell from the sky in some books?

    If yes, then no one have to work anymore….

    You tell me..yeah?

    GE2024.PAP.Guarantee.Win.HuatAgain
    Majullah $PAP$ $PAP$ Huat$ Huat$ Huat$

    GD Star Rating
    loading...
  • mike:

    There is never a best time but now to increase GST!

    Thank you 61%!

    GD Star Rating
    loading...
  • Sheet!:

    Ya lor
    That’s why I said what I said lor . Question is – do you want to pay more ?

    Singaporeans R Free Riders: Does money fell from the sky like fish fell from the sky in some books?

    If yes, then no one have to work anymore….

    You tell me..yeah?

    GE2024.PAP.Guarantee.Win.HuatAgain
    Majullah $PAP$ $PAP$ Huat$ Huat$ Huat$

    GD Star Rating
    loading...
  • xoxo:

    The gahmen shud not take the *GOODWILL* on our national Balance Sheet for granted.
    This *GOODWILL* comes from the basic goodness of the average sgs.

    If such *GOODWILL* gets depleted or diluted,we may not be able to regain it.

    TREAT YOUR benefactors WITH RESPECT ANDCGRATITUDE.

    NEVER FORGET THAT.

    GD Star Rating
    loading...
  • Stupidity's No Cure:

    Knowing they will increase GST still gave them the vote and mandate. The ones who are laughing are PAPigs. Can’t blame them for branding Sinkies as DAFTs.

    GD Star Rating
    loading...
  • Beautiful Thursday:

    This is what we call socialize losses privatize profits.

    SPH will spin off its loss making PAP mouthpiece into a not-for-profit entity.

    Huat ah to SPH shareholders and ex Chief of Defence Force for the beautiful coup!

    ya lor:
    Overpaid a few hundred millions $ some more.

    Temasek Holdings comes out with billions $ of taxpayers money to bail out SIA, SembCorp Marine, etc.

    Wonder which crony companies also get help from taxpayers money? Pacific International Lines?

    TH/GIC/MAS farm out money to funds/PE, etc, did these companies directly or indirectly bail out the crony companies? Olam?

    SIA is burning cash every month, not millions $, it is billions, yet its share price skyrocketed beyond imagination, except for a few invisible hands.

    SBS Transit/ComfortDelgro, ST Engg, and many more – eg Bus contracting model, government is paying the bus companies for the contract (service) no matter how much the fares are collected for the government, yet the government is giving out grants/workers subsidies to these companies.

    No wonder companies are making more profit than pre covid. DBS is a classic example.

    GD Star Rating
    loading...
  • Reality:

    Yes, money falls from the sky to the pockets of PAP ministers and their cronies.

    The rest pay and pay.

    Singaporeans R Free Riders: Does money fell from the sky like fish fell from the sky in some books?

    If yes, then no one have to work anymore….

    You tell me..yeah?

    GE2024.PAP.Guarantee.Win.HuatAgain
    Majullah $PAP$ $PAP$ Huat$ Huat$ Huat$

    GD Star Rating
    loading...
  • I tell you something:

    I don’t have to work and more and more people too.

    Money do fall from the sky for me, $50 here and there, not to forget to mention GST rebate vouchers once in a blue moon.

    Kam Seah to $PAP$.

    Singaporeans R Free Riders: Does money fell from the sky like fish fell from the sky in some books?

    If yes, then no one have to work anymore….

    You tell me..yeah?

    GE2024.PAP.Guarantee.Win.HuatAgain
    Majullah $PAP$ $PAP$ Huat$ Huat$ Huat$

    GD Star Rating
    loading...
  • Asd:

    I think ya la no money cos let in F trash free medical to treat them covid 19 some more create jobs and claim citizens not skill to do then wtf creating jobs not to suit the citizen so they creating jobs for for foreigner har go ask your beloved F trash go do national service la

    GD Star Rating
    loading...
  • Asd:

    I think government taking salary from tax payer to create jobs for foriegner because they say the job they created is suitable for foriegner and not for citizen because citizen no have skill so must import f trashes with the skill

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Member Services
Self-SupportMembers LoginSelf-Support
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement
Announcement
Advertisements
Visitors Statistic
Latest Statistic

UA-67043412-1