Mr Speaker, The Progress Singapore Party (PSP) will not support this Budget because of the Goods and Services Tax (GST) hike. Middle-class Singaporeans will have to bear an additional GST burden of $1.2 billion per year. On top of that, many Singaporeans living in private properties who are asset-rich but cash-strapped, will bear a significant […]
The budget discussion in Parliament this month is expected to feature two much anticipated issues, namely ‘The Introduction of a Wealth Tax’ and ‘The Increase of GST from 7% to 9%.’ While the Government has maintained that the GST hike cannot be put off any longer, there are many unanswered questions as to the necessity
PSP is launching a series of forum discussions called ‘PSP Viewpoints’, gathering different perspectives on important issues affecting our population. Join us at the first in this series, ‘PSP Viewpoints: Perspectives on the GST Hike’, happening at 8pm Fri 11 Feb, where former GIC Chief Economist Mr Yeoh Lam Keong and SDP Chairman Prof Paul
