[Bigiron]

Assoc Prof Jamus Lim criticizes timing of GST hike, highlights inflationary impact 

Participating in the debate over the impact of the GST hike on inflation in Singapore, Assoc Prof Jamus Lim criticized the timing of the tax increase, arguing it contributed to inflation despite the country’s strong fiscal position. He questioned the necessity of raising taxes amid high corporate tax receipts.

https://www.theonlinecitizen.com/2025/03...ry-impact/

[Bigiron]

Assoc Prof Jamus Lim Criticizes Timing of GST Hike, Highlights Inflationary Impact
 
Source: The Online Citizen, 2025-03-01
 
Author: Not specified
 
Theme: Assoc Prof Jamus Lim of the Workers' Party criticizes the timing of the GST hike in Singapore, arguing it contributed to inflation despite the country's strong fiscal position.
 
Core Points:
 
- Assoc Prof Lim argues that the GST hike contributed to inflation, contrary to the government's claim of a minimal impact.
 
- He points to data showing that GST accounted for 20% of inflation in 2024 and 40% in 2023.
 
- He criticizes the timing of the hike, arguing it was unnecessary given Singapore's strong fiscal position and high corporate tax receipts.
 
- He suggests that the government could have waited until inflation was less pressing and consumers were less burdened.
 
Phenomenon: This article highlights the ongoing debate in Singapore regarding the impact of the GST hike on inflation. Assoc Prof Lim's arguments add another layer to the discussion, challenging the government's narrative and sparking further debate.