GE 2015 fear mongering: Opposition (SDP) claims GST increase to 10% coming soon.

So now we know who is behind those stickers spreading lies / fear mongering about GST. 

Chee Soon Juan can put up an act to fool some of us, but leopard does not change its spot, because according to Chee himself, "CHARACTER IS PERMANENT". Thanks Dr Chee for reminding us.

MOF dismisses online claims that GST will be raised after GE (2015)

TODAY, Published: 4:25 PM, August 8, 2015

SINGAPORE — The Ministry of Finance (MOF) says there is “no basis” to claims made by some online websites that the Government will raise the Goods and Services Tax (GST) after the upcoming General Election (GE).

In a post on the gov.sg website on Thursday (Aug 6), the MOF said that online chatter, which claimed that GST would be increased to 10 per cent, were “inconsistent with what the Government has recently stated”.

“In the 2015 Budget Statement in February, DPM Tharman Shanmugaratnam stated that the revenue measures the Government had already undertaken will provide sufficiently for the increased spending planned for the rest of this decade,” the MOF noted.

Among the measures is the inclusion of Temasek Holdings in the Government’s Net Investment Returns (NIR) framework from 2016, and the increase in the top marginal rates for personal income tax from Year of Assessment 2017. The statement added: “These measures came after moves in recent years to make Singapore’s property tax rates more progressive, with significantly increased tax rates for high value residential properties, offsetting reduced tax rates for lower value homes.”

GST was first introduced 21 years ago in 1994 at 3 per cent. It has remained at 7 per cent since July 2007.

Sources: 

Today Online 

http://www.todayonline.com/singapore/mof-dismisses-online-claims-gst-will-be-raised-after-ge

The Statement for Budget 2015, delivered by DPM Tharman Shanmugaratnam, said,

“Based on current projections, the revenue measures we have undertaken will provide sufficiently for the increased spending needs we have planned for till the end of this decade.” 

( Refer to paragraph G38 of the Budget Speech http://www.singaporebudget.gov.sg/budget_2015/pg.aspx ) 

The Hansard record of DPM Tharman’s Round-Up Speech for Budget 2015.

http://sprs.parl.gov.sg/search/topic.jsp?currentTopicID=00007428-WA&currentPubID=00007404-WA&topicKey=00007404-WA.00007428-WA_3%2Bbudget%2B

Dollars And Sense - Will GST In Singapore Be Raised To 10%?

http://dollarsandsense.sg/will-gst-in-singapore-be-raised-to-10/

Fabrications About The PAP

https://www.facebook.com/FabricationsAboutThePAP/photos/a.245735922149090.70599.213440582045291/898898473499495/?type=3&theater

Shut down TRS

https://www.facebook.com/shutdowntrs/photos/a.1438069629738857.1073741828.1437466759799144/1665924606953357/?type=3&theater