How to keep taxes and fees low?

As the news article reports, the government wishes to ‘put things into perspective’ and to keep costs and fees as low as possible. Does this mean the 7% Government Service Tax (GST) could revert to its original 5%? Food for thought, perhaps.

However, in my opinion, I do not think it is that easy as coming out to say “we will keep costs and fees low”. While we depend on a lot on imports, the issue of inflation comes from foreign land and unless the government steps in to subsidise or to cap inflating costs, this agenda from the government is pretty much all-talk-no-action.

Read the article here:
http://www.straitstimes.com/Parliament/Story/STIStory_799017.html

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s