When you exempt a basket of goods or essential items, in the end you benefit the well-to-do, because the well-to-do will spend more on everything, not just luxury items, but basic necessities as well.
”DEPUTY PRIME MINISTERLAWRENCE WONG, noting that tieredsystems are not effective. He added that Singapore’s GST system – with its series of offsets and rebates – is deliberately designed to be fair and effective.
The suggestion that the goods and services tax (GST) increase should be postponed due to current inflationary pressures does not hold water,DeputyPrimeMinister Lawrence Wong told Parliament on Monday. The Government’s support measures delay the effect of the hike by at least five years for the majority of Singaporean households, he said. That the support is targeted at
lower- to middle-income households, rather than broad-based, will also minimise any additional inflationary pressures, he added. “We have designed the overall
package to ensurewe neither stoke inflation inadvertently nor choke aggregate demand, and this is an appropriate macroeconomic stance to adopt at this juncture.” Rounding up the debate on the
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WINE BAR RENAISSANCE
New bars add to the tippling scene in Singapore
Is that hairy crab you ordered the real deal?
The prized crustacean is in season, with most restaurants getting their produce from Yangcheng Lake or Lake Tai in China
From making tamales to starting a Mexican eatery, mum's the word
Making tamales stirred up memories of Ms Maribel Colmenares' late mother, so much so that she could not stop crying as she prepared the traditional Mexican staple for her home-based business.
Singapore Land Authority chief finds life lessons in memoirs and business books
Who: Colin Low, 48, chief executive of Singapore Land Authority (SLA). He joined SLA in 2021 after more than 20 years in the private sectors of real estate and hospitality.
Malaysian writer tackles trauma, female rage with sensitivity
Included in the beginning of the book by Malaysian author Hanna Alkaf is a list of trigger warnings, a much appreciated touch as the story touches on trauma and its effects.
Andre Aciman's My Roman Year a transporting memoir of adolescent exile
Most people remember their adolescence by its major furniture pieces lengthy school years, overstated rebellion, early pangs of desire.
French author's swansong proves conservatives create great art too
Purportedly his final novel, Michel Houellebecq's Annihilation is a wide-ranging vehicle for communicating his views from religion to death
My hearse is a 'sports car'
Let's Talk About Death is a five-episode docuseries that follows millennials and their loved ones as they navigate end-of-life planning, and it starts honest conversations about death and dying well.
Slaying' with Gen Z marketing
More government ministries and public institutions are embracing a worldwide social media trend, in which Gen Z interns write the marketing script for their older colleagues to present
Gen Z start-up launches Singapore's first menopause festival
Femtech start-up Surety's co-founders were inspired by their mums' experiences
