Is the average resale levy more or less than the average housing grant?
I refer to the article “11,000 households get government grant in buying resale flats near parents or children” (Straits Times, Feb 11). It states that “About $211 million in PHG has been disbursed to the 11,000 families, HDB said”. So, does it mean that the average grant is $19,182 ($211 million divided by 11,000)? What...
How many lower-income workers may be worrying about the impending GST hike?
I refer to the article “Singapore Budget 2018: Lower-income groups worry about GST hike” ( Straits Times, Feb 20). It states that “With the impending goods and services tax (GST) hike, Mr Tony Teng, 43, worries about his young family’s growing expenses. The ambulance driver supports his one-year-old daughter, pregnant...
Increase taxes for ordinary Singaporeans starting from 2019, despite overall Budget surplus of $9.6 and $12 billion for FY2017 and FY2016, respectively?
I refer to the article “GST set to rise to 9% as S’pore plans for future spending needs” (Straits Times, Feb 20). It states that “Other revenue-raising measures announced in Mr Heng’s Budget statement in Parliament were a one percentage point increase from today in the top marginal stamp duty on residential property,...
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