![](https://i.imgur.com/CLvY2jA.png")
03-08-2022, 03:29 PM
Talk cock. The losses could have more than covered the increase in GST, meaning, if we do not have the loss, we need not have the GST increased for two more years.
Straits Times:
"Assuming consumption patterns remain the same in the years to come, a two percentage point increase in GST would add more than $3 billion a year to Singapore's coffers, and could overtake individual income tax as the second-largest generator of tax revenue."
Straits Times:
"Assuming consumption patterns remain the same in the years to come, a two percentage point increase in GST would add more than $3 billion a year to Singapore's coffers, and could overtake individual income tax as the second-largest generator of tax revenue."
