But tourists get tax refund before they fly back home.. They missed that point. GST still take away money from citizens including our low income citizens. Can we steer away from taking away money from our already squeezed lower income bracket?
If they have the receipts. It's not a 100% refund in that not every tourist apply for a refund, and not every application is for every item they purchased.
Lol you talk as if all the foreigner that come to Singapore are tourist only... If that is the case we would not have ask them to reduce work permit holder. Those work permit holder or expatriates need to pay gst . Am I wrong to say that or they can get tax refund when they leave Singapore too?
I really don't understand by increasing GST is helping the poor? I do not have high education but I do know increasing GST will hurt the poor and low income families.
HSK was BEING disingenuous--'not candid or sincere, typically by pretending that one knows less about something than one really does'. Seeing only what wants to see and putting it out as neutral/objective information or knowledge. So I agree with you (btw, you are right, I have read the stuff on progressive and regressive taxes. GST is a socially regressive tax...hurts the poorer 20% much harder because basic food stuff comprise a larger percentage of his/her income than for the top 20% where basic food stuff is a very small, insignificant percentage. GST should apply to fine dine restaurants, wines and other luxury consumption. Never basic foodstuff and medical. For water only if it is goes beyond a minimum for day to day use, anything exceeding like for watering the garden, washing cars or for swimming pools and spas, it is acceptable. Thank you for your comment.
THE GREATEST JOKE OR BULLSHIT OR LIE THAT GST IS HELPING THE POOR ? ? ? ? HOW IS TAKING MONEY AWAY FROM SOMEONE WHO HAS NO MONEY IS HELPING THE SOMEONE WHO HAS NO MONEY ? ? ? ? GET THE SIGNATURE AND PHOTO OF EVERY POOR TO CONFIRM THE TRUTH OF THIS STATEMENT # # # #
Because they can get more money from the rich and give more subsidies to the poor in terms of education for the children, utilities bill or medical fees. If you are poor, you probably will not spend much like dining outside or buying luxurious goods or services compare to the rich. Although as a poor you may have a higher cost of living as a result but it is offset by the gst the rich are paying. I don't know if If it was correct to say most Singaporeans is around middle income category, so government is hoping to take some resources from middle income and most resources from high income to allocate to the poor
The lower income family and the poor will receive more subsidies like GST vouchers and also help with daily lives like education etc, the movements to help the poorer will always have to be funded smwhere and this is usually more advantageous to the lower income families where they get it back somewhere from the govt.
disingenuous! 'not candid or sincere, typically by pretending that one knows less about something than one really does'. Seeing only what wants to see and putting it out as neutral/objective information or knowledge. So I agree with you.
The RICH NEVER PAY GST. VENDORS ALWAYS GIVE GRAND VIP DISCOUNTS TO THE RICH. SALES PROFESSIONAL DEFINITELY WAIVE AND ABSORB GST FOR THE RICH. ONLY THE BELOW AVERAGE AND THE POOR PAY FULL GST WITH NO WAY TO ESCAPE.
According to MOM, as of Dec 2019, Singapore has brought in 824,200 Foreign PMETs (that excludes construction and domestic workers) to take jobs that otherwise, would have gone to skilled Singaporeans from our local Polytechnics and Universities. Personally, most of us would know of a relative with a diploma or degree that is still looking for a job. Tell me Mr Heng, how is that, looking after the interests of Singaporeans?
The assumption is that these PMET jobs would all go to Singaporeans if foreigners were not allowed in. However, I think what's more likely to happen is that most of these jobs would not even exist in the first place if foreigners didn't take them up... There's simply not enough supply of Singaporeans with the right skillsets for these jobs in my personal view.
I still think there are too many foreigners in Singapore and in the workforce.Very crowded.Embarassing to have a supervisor or head who is a foreigner when I work as a Singaporean.Confusing too.Too many China Chinese and Indians.Communication/language problem.I honestly find my English becoming rusty after working with them.
Even if the reserve are use ... The President also ... sit on chair only sign what sign approve what approve ... the Minister more power than the President ...
IF THE GOVERNMENT USING THE SINGAPOREAN FUND FOR INVESTMENT CAN REALLY MAKE AS MUCH AS THEY HAD MENTION..MORE THEN 50% OF ANY TAXES COLLECTED FROM SINGAPOREAN..WHY WE STILL NEED TO PAY MORE AND MORE OF EVERYTHING????
HSK keeps saying Elected President. I hope he is aware that the current President Elect was elected not by a SINGLE vote from any Singaporean. We did not have a choice. Wish he would give straight answers instead of skirting around the questions presented to him.
In my opinion HSK is a "Beholden" PM not elected nor appointed. There is a illusion. Before you take the plunge look in the mirror - and be honest with what you see. Amen
Those were the days, when the elder brother's text books were passed over to the younger brother. Why this practice is discontinued for God only knows.
@@anoynmanonymous8304 TF? HOW IS SOCIAL STUDIES BOOK WRONG? also, wtf world map is also wrong? Don't tell me you're one of those flat earthers, those disgusting shit.
Please lah, gst on educational how much only. Few dollar PAY LAH. Everything also want complain. As long as its GOODS or SERVICES, it would be taxed. You may think oh 7% very ex and it covers everything. LOOK AT OTHER COUNTRIES. Our tax system on Singaporeans is pretty sweet already
@Tan Peng JooDebasement of currency is lowering the value of the currency. When govt debase the currency, people demand higher prices of their goods they sell, and people demand more wages to match the priced increase, resulting in inflation.
Dragon, Glad to hear that IF you're a Singaporean, then you OHSO must be a Expatriate Foreigner. Oh, you still Nunno that "Most expensive" relates to Foreigners, not Singaporeans. But can Ohso include Sinkaporeans🙈🙉🙃👍
Flipping prata all the way & not answering directly.. avoiding accountability.. Better to Vote Opposition to bring more accountability n challenge these issues in parliament...
Majority of the lower income are 'non-taxpayers' who have not been successful in education. Any governments cannot grossly depend on this limited same number of taxpayers. Hence, everyone play his or her parts in any forms of taxation. If, not for those older generations of taxpayers will there be a Singapore today?
On the issue of immigration, I think it's not realistic to expect more than, say 50%, of our naturalised citizens to feel a little bit of loyalty to Singapore. I know a few of them, not many, and this is true for this small sample population of immigrants. E.g. a colleague of mine who already has his Singapore citizenship still intros himself as a (insert country) man living in Singapore, clearly he does not think he is Singaporean. He says his children are born in singapore, but just couldn't bring himself to say that they are Singaporean, as if it is a source of regret for him. Another one told me that she is just using the Singapore citizenship as a springboard to further her career and does not see herself staying here long term. I'm only saying what I have observed personally. But while they, the 1st gen immigrants don't believe themselves to be one of us, their children who grow up here are much more likely to. A few of my neighbours are immigrants, when their kids speak in the mother tongue, the foreign accent is there, but when the kids speak English, they sound perfectly Singaporean. They play with friends of other ethnicities just like our kids do. The children of these 1st-gen immigrants are Singaporean.
So saddened to see Mr Devan, sitting beside the party which tarnished and kicked out the most loyal and trusted man, your late Father, The Great Mr Devan Nair, who bravely went to Malaysia to carry his party's Banner and was the first man who was arrested and thrown in prison for his Party!
Yah go read the father's letter online very shocking after that I don't understand why he subject himself to be scapegoat. Poor Dad should have been buried here son of Singapore
The reserves taken out 4 times to sustain the nation during the covid-19 pandemic but $22 billions are not from reserves but are loans taken no know from where? .. this was reported when WP's Leon Perera questioned about the reserves.
The poor are being taxed at 7% even on their daily essentials at supermarkets. The rich also pay the same rate on the similiar items. How can the poor be benefiting from GST?? It does not make sense Mr HSK??
The lower income family usually receives more subsidies and help from the govt. All these help to them has to have a source right?? If not how? We all pray for money to drop from sky ah? Rmb we don’t have natural resources eh, we only have humans.
Because they can get more money from the rich and give more subsidies to the poor in terms of education for the children, utilities bill or medical fees. If you are poor, you probably will not spend much like dining outside or buying luxurious goods or services compare to the rich. Although as a poor you may have a higher cost of living as a result but it is offset by the gst the rich are paying. I don't know if If it was correct to say most Singaporeans is around middle income category, so government is hoping to take some resources from middle income and most resources from high income to allocate to the poor
The PAP just put all YES MPs and a puppet president. Majority Singaporeans want are more jobs opportunities for locals and better future for Singapore.
@@gregwee2516 Haha that is a strong statement you make there by referring to elected by. You are much straightforward compare to those that asked question in the video. I hope you will have a chance to ask PAP and know what is their reply! I would also like to know what is their answer.
The more he explains to defend the policies the less I want to vote for him. Who audited the NIRC independently? Does any of you have the answer? No means no. Yes means yes.
Smooth operator. Don't believe anything until we see the facts. GST is regressive. What does he mean look at the whole package? 1 loophole can hurt a lot of people who have very little or nothing with which to defend/save themselves. These are Singaporeans we speak. Visitors get away with GST for big ticket and luxury items at the airport!
Yes minister...Gst is a consumption tax... that is a regressive tax. U give GST rebate but as a whole u take in more than u pay out. It hits the lower income more too.
GST applies to everyone, be in lower or upper. We could have just stayed at 5% GST and get no rebates at all. However, the goal why a country would prefer to tax higher GST and give rebates retrospectively is to tax the one group which doesn't pay any other tax than GST. That is the tourist. Everytime the tourist spends a dollar in singapore, that's where we make money. Just because we want to tax tourist and probably also pass holders, the rebate scheme is the best choice to increase revenue without impacting local citizens. Don't you think it would be wiser this way?
@@Niiflux you can tailor consumption taxes to hit higher income individuals harder. I honestly think that essentials should be tax exempt so that low-income families have a higher purchasing power
@@Bobbylim323 and how tf are you going to implement that? Higher income people already have to pay highing income tax. GST, will be for EVERYONE regardless of their status, to make it equal. You can't just keep taxing rich people cuz 'oh they're rich'. If families are unable to cope with the gst, then they can apply for COUNTLESS of subsidy schemes to assist them, ranging from healthcare to daily needs.
@Hitler is actually a cat sorry to burst your bubble but the rich is already being taxed more on luxury goods. For example, expensive sports cars have a different tax range and luxury vices such as alcohol and cigarettes are taxed higher than other goods. Moreover the income from the rich is progressive taxed more that the poor, notably we only pay close to 2-3% income tax while the rich pay nearly 22% If you noticed by now, essential necessities are taxed at the basic levels sometimes tax free as well, but items such as chocolate or luxury goods are taxed even before they come into the country. Back to the point again, we are taxing tourist more than we tax our own people. And we are taxing the rich way more than the poor. But in the society we live in, the poor is always pushing blame away and yet too uneducated to know what’s the really happening. Democracy only works when the people are educated enough to vote properly. sad to say, not many people know how to vote on the issues, but simplistically vote on one sided information they get. As socrates once quote, democracy has a flaw that vote by the people is bound to fail. Especially when most people are not adequately educated on the subject matter to make the right judgement. Worst thing is, the people always believe they know enough and know better.
When a govt increases the supply of its national currency, the govt actually transfers the purchasing value of the currency in our pockets and bank savings to the govt to spend. This is considered a hidden tax. The increase of currency supply devalues the currency, as a result, the people need to earn more to buy the same car, house, or any other things. That is why people complained about nowadays $50 buys fewer things? Every time a govt wants to spend, it would print more currency, every time there is a recession, it prints more currency to stimulate the economy, this is an ongoing process. This is a bubble economy, and all bubble economy is sure to burst, it's not if but when.
Yap I have asked my friend who is an economist its not true that an increase an government spending will lead to the increase in money money because what ever money that the SG government use is already part of the system. However if its was borrowed then it will affect interest rates not exchange rate so ya... go learn economics 1st bah
@@gohjunhao1496 The present world monetary system is a flaw system since 1971. Mariner Eccles (Federal Reserve Governor.1933) - "If there is no debts in our money system there would not be any money." Please educate yourself by watching - Hidden Secret of Money episodes 3, 4, 5.
This is where Finance Minister Heng is wrong. 1. Tourists pay significantly lesser GST or zero GST altogether with the spending cap set at a low threshold of $100 spending. It is untrue that tourists pay GST unless they are super broke which is really highly unlikely to be the case given that they have already set foot in SG. Why not, Mr Heng, instead of raising the GST to 9% on ordinary Singaporeans, raise the threshold for GST refund on tourists? You can argue that it would inhibit tourist spending, but as a matter of fact, when I go to foreign countries, people there are saying that they would prefer to go to KL as it is cheaper. If you set the threshold for GST refund to maybe between $2000-$5000 of spending while lowering the GST to 5%, wouldn't that continue tourist spending while reducing the need for an increase in GST to 9% without accumulating much shortfall? 2. On the elected presidency - how can you guarantee President Halimah's ability to safeguard the reserves where there is a clear conflict of interest in her role? Firstly, the gap between her resignation from the PAP and her taking up the elected presidency is only 1.5 months. Secondly, the PAP government went out of the way to change the rules to ensure that Halimah and Halimah only could become the president. Case in point - the shareholder's equity rule was increased to $500,000 and Chan Chun Sing said that the rule would be enforced strictly vs the "flexibility" exercised in 2011. Also, the speaker of parliament handles a budget that is way smaller than the budget of an average government ministry, agency or stat board. In fact, her other prospective opponents, such as Farid Khan, handled a much bigger budget that Halimah in her time as Speaker. The Speaker of parliament in Singapore also does not engage in any policy making decision or role unlike the Speaker of the House of Representatives in the US. Yet the Speaker clause for automatic qualification for the elected president wasn't repealed or removed, so that Halimah only could qualify as president. If you truly care about transparency and guarding the reserves, why not let Dr Tan Cheng Bock or Farid Khan run against Halimah and let the public decide who is the best candidate for this role? Also, can you guarantee that a president in Halimah Yacob, who was elevated to the top office through the out-of-the-way changes to the rules by your PAP government, can truly play her role in safeguarding our reserves and the integrity of our public service, without fear or favour, when because of the out-of-the-rule changes she will always have an element of beholdenness to your PAP government?
Now things in Singapore are getting more and more expensive, for people who can still working got no problems to code with the increasing price, but for people us, we felt that this small problems for the vast majority is actually a big big issue to us!!
Read thru the comments and just see complaints after complaints. These Singaporeans have no idea how much better their life is compared to other countries. We should be proud to have a competent govt goodness sake
Dpm heng get your facts right tourist get gst refund at the Airport when they leave the country. Ministers salary base on GDP growth so why need all this mention increments. Cut ministers salary so no need any increment If we have so much reserves and investment Use this funds to pay for the gst, pub bills etc. Unless the pap have lost all this money
Come 2025, I urge singaporean to give opposition an opportunity in parliament. This current ruling party has taken singaporean for a joy ride . They have never been transparent with our money so why have em ? Hello singaporean, it’s time for a change it’s for the sake of our children’s children future
An IDIOT passing off as an Elite against TRUE ELITES and it is a Pity to see Janadass looking stupid instead of SMART where he should be on the other side
And this is why when ppl ask where im from and when i say singapore, theyll ask, y are u not chinese? And when i said cz im a malay, amd they will go like oh ure malaysian then
Are u sure all foreigners got the talents singaporeans grads dont have?why get a degree then and let foreigners take the jobs !!constructions yes no degree holder will wan those jobs do u give citizenship to them they are essential in our country but foreign talent got citiznship so easily? something is wrong with the system period !! nothing more to say i rest my case!!
Agreed, since they keep saying Singaporeans not producing enough kids, give citizenship to construction workers. At least the other jobs Will be saved for Singaporeans.
No one pay for refund because tax are additional charges lol. They only pay for the actual price of the good or services without the additional charges lol
HSK has raised a point, that many Singaporeans conveniently forget. 35-40% of people living in Singapore are not citizens, yet they pay taxes at the same rate as Singaporeans. They (with the exception of PRs, but ONLY to a degree) do not benefit from subsidised public goofd such as housing, healthcare and education. If Singapore were to have a local:foreign mix similar to say, the average Western country, the ratio would be 90:10, rather than the current 65:35. This would mean that tax rates would have to go up to support the same level of subsidy to Singaporeans.
I agree. Singaporeans are already feeling the squeeze even with an income tax rate that is lower than almost every single developed country, barring oil rich gulf states. If income taxes go up any further here, disposable income which is already very low, will go down the toilet.
The thing Mr Heng said is too "deep" for handicap people like us who cannot find job, what we need a cheap environment for us live, cheap foods, cheap transport, cheap clothing, cheap groceries store, so that our limited saving won't run out so fast!
Pls lah Anyhow ask Gst is for who ?? For the long term master plans for the prosperity of Singapore. You all saw Jewel and other infrastructure How to make all that ??? Future greater southern waterfront Underground master plan Etc... So many projects to be done for Singapore It for the country leh Everyone is paying gst citizens pr ft even the ministers Then why complain so much ??? Go and see other countries How they have lanjiao infrastructure Their trains like shit We should feel happy that our govt is ambitious Don't take the govt we have for granted Everything also (complain complain×1000) Anyone who even asks such question why gst increase why population increase is considered daft LKY would have smashed all of you for such lousy questions Dpm heng very kind Common sense what
i double confirm with double chop totally agree with you....ppl dont say Singapore as a country when they see it in the map....it just look like a lost island
@Food Delivery On Bike so ??? 90 percent home ownership leh You think what HDB is slums ah ?? Much bigger than condo lah Who say hdb is cheap also All above 200 to 300k plus for a decent home Plus renovation costs also
Food Delivery On Bike come on. Limited land we have here and so be grateful we have a roof, a comfortable roof. Anyway, By staying in landed makes you successful?
Your comments of Dr T will be truly n fully appreciated by most if not all Singaporeans n moreover he is also highly respected locally n internationally, so cast ur vote wisely come 10th July n give him his colleagues d chance to represent u all Singaporeans in Parliament.
I second that. I want Tharman too! Now I feel like voting opposition for the sake of challenging status quo. PAP, in my opinion, perform better when oppositions gained more votes. Look back at history. I don't hate PAP. But I am disappointed at how our own fellow Singaporeans are being sidelined in the job market and deprived of a deservingly better future.
But I remember reading so many investments failed so where the money coming from for continual investments if it is not from our taxes then from CPF? with govt bailing out SQ and Silkair and losing all stakes in Virgin Airbin Australia getting bankrupt so much money burnt then how very we still riding on investments and not on our taxes. What investments are these NRIC why not reveal?
You are right. It's not easy. But your role as a Minister of Finance need to tweak policies that help to reduce income gap between the bottom 10 and top 10 percentile. And many other. They put themselves in this role and are paid handsomely for performing. Positive outcome is expected for such high salary they command.
My friend. People are aware that leadership roles in govt may not be easy. However, they have lost touch with the challenges of the low/middle income group. And think abt it - how can they(govt) relate to our financial challenges when their salary is sky high. They can say they "understand us". Words are cheap. However they can never empathise with us... simply because they are being shielded financially. Too much. Everything is provided for them. Which ministers salary is like the common man? Which of them stay in HDB? In all honesty, when I see rising MPs and ministers, all i see is a grp that just wants to be seen that they are the man for the job. To have real concern for the under privillege is secondary and something they have to do. It shows their character when they only come knocking at my door during GE. This behaviour is disgusting to say the least. The people are also disgusted with their wayang and censorship of criticism.
@@endi4654 yes definitely, we should double or even triple their allowances as their wish, Year 2011, before the loss GRC Aljunied, the PM allowance was at 3.97m pa. Maybe we shouldn't be a democracy but rule by royalty.
Pretty articulately defended & I must say, this is an HSK I haven’t much seen. What isn’t clear is whether the questions were scripted rather than spontaneous. If the former, then the articulation is suspect (like cheating in exams...getting questions before u enter the hall to take the exam, in this case getting questions prior. But if the latter, ie if he didn’t these questions in advance, he is credibly prime-ministerial.
For all Singaporeans, in plain and simple terms, tax is a form of revenue for the government, past taxes are inadequate so comes GST, there are more new kinds of taxes coming soon, such as VAT, Digital Tax and unknown avenues to creative taxes. How to say enough is enough, greed breeds.......
Diversity InEvitable ! Inclusiveness utmost Necessity Irrespective of Country of Origin. Inter Marriages between Singaporeans with Foreigner? Individual Democratic Right . Discrimination against Diversity Divides. Origin Irrelevant ! Inclusiveness and Respect for All Races and Every Religion Priority and Prerogative for Social Harmony . Diversity is Not Divide but Discrimination against Diversity IS.
ALLEGIANCE 【中国情意结】 HAD ALREADY ENTRENCHED INTO ALL THE CHINESE CLANS ASSOCIATIONS IN SINGAPORE JUST TAKE PART IN ALL THE SINGAPORE CHINESE CLANS ASSOCIATIONS' ACTIVITIES AND EVERY FACTUAL REALITY IS CLEAR AND TRANSPARENT
I don't have concerns about giving citizenships to foreigner because I believe this will be resolved in time (when I do not know but it is in the future). These new citizens are very smart ppl (also a result of our strict criteria that only admit the best and brightest) and definitely on many levels smarter (not just intellectually but also street smart) than some stupid SGian. And they coming from a worst-off (else why do they choose to emigrate from their country?) system in their original country knows the risks of 'certain' system. Out of their self-interest and children interest, they know better than many stupid SGian what type of system serve them best (aka not jumping out of the pot which is their origin country into the fire which is SG their new home) because they have experienced and gone through the pain. They know what to choose and that I believe will also serve SGian well. When someone realized that having too many smart ppl in the country may not be a good thing (for them), they will ... lol ... and hopefully it is not too late for them. If they are not smart enough to have the foresight, shooting themselves in their foot is probably well-deserved.
Sooo.. he keep the top level corporate tax low (higher earners) and increase the gst (everyone) to help benefit the lower income group?? Idk but seems pretty contradicting
@@KTW2123 yes in comparison, it does forms a larger part. But add it all up, its only 7%. Not that big of a deal. ALSO, if they're unable to afford or affect by the gst, it means they are have REALLY LOW INCOME, and they can apply for subsides to help them.
Singapore has given 'PR' to many nations but the real problem is with the China's PR. i witness this awkward situation when these China's PR wanting to visit Malaysia begin to converse these Malaysian Immigration Officier in 'Mandarin'. Much annoyance. Any nationalities of any countries with converse in simple English. In Singapore, the worst situation is these China's PR talking to an Indian man and a Malay lady wearing a scarf(tudung) in Mandarin. You donot see other PR of any countries doing something 'weird'. So, have a careful thought of not upsetting the social cohesion for a better Singapore. If, really we want to have a 'Majulah Singapura'.
I divorce 2014 until now struggling to rebuild my life back save mone to pay agent fee, to stabil bak my new life but other countries population come so easy
NIRC is highest return. I suppose so as it is people's savings . I wonder GST.. income taxes... ERP....COE...etc how much percentage return and how much has been collected over years. We should be trillions rich state. Also need give many citizenships la . Those who leave must be replaced with richer and those more of political benefits.
IT IS VERY DIFFICULT FOR COMPANIES TO GROW IN SINGAPORE THE ROOT CAUSE THE GOVERNMENT HAD MONOPOLIZED ALL THE BEST GROWING BUSINESSES IN SINGAPORE AND SQUEEZING OUT THE LOCAL SMEs WHO ARE WORKING ON GROWTH
Then why people in Singapore in poverty worse than undeveloped country.. I see and experienced people in other countries they able to work their way up progressively to have their own property for themselves and have rightful retirement where they can have back their own hard earned money. So these PAP systems suck all our hard earned money in the name of future keeping own people in poor state hand to mouth.
Of course there are always a few who became Singapore citizens with nefarious intent; some came with sworn allegiance to his /her native country or foreign government instead of Singapore , but existence of a few bad apples shouldn't be used as an excuse to persecute every naturalized citizen of Singapore and brush with the same stroke.
1) GST is regressive. End of story. 2) Singapore has nothing, and yet the British wanted to be here back in the 1800s... 3) People are marrying out because of lack of loyalty and passion to the local land... 外国的月亮比较圆. 4) BRIDGE BUILDING TAKES SACRIFICES! YOU WANT TO SACRIFICE, SACRIFICE YOURSELF FIRST.. DON'T SACRIFICE FUTURE GENERATIONS. U ARE NOT EVEN WILLING TO TAKE PAYCUT, TALK ABOUT BRIDGE BUILDING... 5) President is not elected. It's selected. 6) You cannot be selective, even if it's selling your country out... what bs
then tax corporation then MNC start running away . I am jobless you hire me? Building bridges is not selling out the country. That is why there must be a balance. Look the world is changing if you dont change and keep on wanting to go back older days then you end up as loser.
AS ALL GOVERNMENTS ARE TRENDING TOWARDS ZERO CORPORATE TAXES ZERO INTEREST RATES WHY NOT ZERO PRICES ? ? ? ? WHY NOT ZERO COST OF LIVING ? ? ? ? WHY NOT ZERO COST OF GOVERNMENT ? ? ? ? WHY NOT ZERO GST LIKE IN FLORIDA ? ? ? ?
History will repeat itself with these new migrants' choice to be Singapore Citizens. Today, those old migrants who came here many years ago are helpless financially towards their twilight years. This is a social 'burden' to any government to take care of them for this converted citizenship of Singapore. This is a perpetual problem.
I dun think the GST implemented would benefit the lower income group if the rate is one across the board. If you really wanna help the lower income ppl, you should implement tiered GST. Obviously a much lower GST for essential non branded goods like flour, rice, milk powder, medicine (from pharmacy), sugar, etc. And, another much higher rate for luxury goods.
Nah middle and high income would tend to spend more because of higher purchasing power. If there is tier gst, restaurant and shop, company would suffer from it. Another would be it is difficult to justify a tier and how much gst to allocate for each tier. A subtle approach will be applying to everyone and then give more subsidies to the poor
Marcus lim Do not agree with our perspective. Above middle income and the super rich will spend more on luxury goods, and lower to middle income will spend more on non branded essential goods. For instance, lower income will not buy a branded olive oil, sugar or milk powder vs those above middle income folks. Subsidize offered by government so far is only one time off and not enough to see them thru one year.
I am impressed with Mr Heng for handling these tough and sensitive questions well. Singapore is blessed to have another outstanding leader like Heng Swee Kiat.
Wat about pr stateless till now 55 yrsold not allowed to changed pink ic reason was born in KL no proof from my mom to show she was pregnant when she was going to malaysia without paper or declared .those yrs 1965 where got anty2 understand english Yes tis lady now 55 yrs cant get gst money wrk fare money yet she contribute cpf
Tighten? U have sweeper from China ...That u call tightened... somemore bring whole family.. Grandfather grandma comes...Cow peh cow bo...In MRT bus neighborhood
I have been living oversea for over 30 years, i never vote in my entire life . I am in the 50s and i am pretty sure who am i gonna vote for , Mr heng , PAP you have my vote
But tourists get tax refund before they fly back home.. They missed that point. GST still take away money from citizens including our low income citizens. Can we steer away from taking away money from our already squeezed lower income bracket?
Totally agree!
If they have the receipts. It's not a 100% refund in that not every tourist apply for a refund, and not every application is for every item they purchased.
Lol you talk as if all the foreigner that come to Singapore are tourist only... If that is the case we would not have ask them to reduce work permit holder. Those work permit holder or expatriates need to pay gst . Am I wrong to say that or they can get tax refund when they leave Singapore too?
It stands for Pay And Pay until U die
What do you expect from East Coast Plan Man
I really don't understand by increasing GST is helping the poor? I do not have high education but I do know increasing GST will hurt the poor and low income families.
HSK was BEING disingenuous--'not candid or sincere, typically by pretending that one knows less about something than one really does'. Seeing only what wants to see and putting it out as neutral/objective information or knowledge. So I agree with you (btw, you are right, I have read the stuff on progressive and regressive taxes. GST is a socially regressive tax...hurts the poorer 20% much harder because basic food stuff comprise a larger percentage of his/her income than for the top 20% where basic food stuff is a very small, insignificant percentage. GST should apply to fine dine restaurants, wines and other luxury consumption. Never basic foodstuff and medical. For water only if it is goes beyond a minimum for day to day use, anything exceeding like for watering the garden, washing cars or for swimming pools and spas, it is acceptable. Thank you for your comment.
THE GREATEST JOKE OR BULLSHIT OR LIE
THAT GST IS HELPING THE POOR ? ? ? ?
HOW IS TAKING MONEY AWAY FROM SOMEONE WHO HAS NO MONEY
IS HELPING THE SOMEONE WHO HAS NO MONEY ? ? ? ?
GET THE SIGNATURE AND PHOTO OF EVERY POOR TO CONFIRM THE TRUTH OF THIS STATEMENT # # # #
Because they can get more money from the rich and give more subsidies to the poor in terms of education for the children, utilities bill or medical fees. If you are poor, you probably will not spend much like dining outside or buying luxurious goods or services compare to the rich. Although as a poor you may have a higher cost of living as a result but it is offset by the gst the rich are paying. I don't know if If it was correct to say most Singaporeans is around middle income category, so government is hoping to take some resources from middle income and most resources from high income to allocate to the poor
in other words, don't spend so much, eat grass better.
The lower income family and the poor will receive more subsidies like GST vouchers and also help with daily lives like education etc, the movements to help the poorer will always have to be funded smwhere and this is usually more advantageous to the lower income families where they get it back somewhere from the govt.
GST is regressive and that's totally true. But that Heng can just say it is not. And then what??
disingenuous! 'not candid or sincere, typically by pretending that one knows less about something than one really does'. Seeing only what wants to see and putting it out as neutral/objective information or knowledge. So I agree with you.
The RICH NEVER PAY GST.
VENDORS ALWAYS GIVE GRAND VIP DISCOUNTS TO THE RICH.
SALES PROFESSIONAL DEFINITELY WAIVE AND ABSORB GST FOR THE RICH.
ONLY THE BELOW AVERAGE AND THE POOR PAY FULL GST
WITH NO WAY TO ESCAPE.
Vote opposition WP into parliament
According to MOM, as of Dec 2019, Singapore has brought in 824,200 Foreign PMETs (that excludes construction and domestic workers) to take jobs that otherwise, would have gone to skilled Singaporeans from our local Polytechnics and Universities. Personally, most of us would know of a relative with a diploma or degree that is still looking for a job. Tell me Mr Heng, how is that, looking after the interests of Singaporeans?
The facts are on your side.
Can we have foreigners run for election? Suppose work both ways
The assumption is that these PMET jobs would all go to Singaporeans if foreigners were not allowed in. However, I think what's more likely to happen is that most of these jobs would not even exist in the first place if foreigners didn't take them up... There's simply not enough supply of Singaporeans with the right skillsets for these jobs in my personal view.
I still think there are too many foreigners in Singapore and in the workforce.Very crowded.Embarassing to have a supervisor or head who is a foreigner when I work as a Singaporean.Confusing too.Too many China Chinese and Indians.Communication/language problem.I honestly find my English becoming rusty after working with them.
Your mom's got it going on
@@aaronjoseph6659 with your dad ?
@@starnightstarlight That would be pretty scandalous lol
@Brendan Kohi
Even if the reserve are use ... The President also ... sit on chair only sign what sign approve what approve ... the Minister more power than the President ...
IF THE GOVERNMENT USING THE SINGAPOREAN FUND FOR INVESTMENT CAN REALLY MAKE AS MUCH AS THEY HAD MENTION..MORE THEN 50% OF ANY TAXES COLLECTED FROM SINGAPOREAN..WHY WE STILL NEED TO PAY MORE AND MORE OF EVERYTHING????
Cos they don't. They are losing so much money.
It is called inflation. Which is a sign of the economy improving
HSK keeps saying Elected President. I hope he is aware that the current President Elect was elected not by a SINGLE vote from any Singaporean. We did not have a choice. Wish he would give straight answers instead of skirting around the questions presented to him.
'Selected President' not 'Elected President'
In my opinion HSK is a "Beholden" PM not elected nor appointed. There is a illusion. Before you take the plunge look in the mirror - and be honest with what you see. Amen
there is something that I think the government should consider to waive gst on educational books as these sources educate our young,
Those were the days, when the elder brother's text books were passed over to the younger brother. Why this practice is discontinued for God only knows.
books are fake... some of them teach the wrong things... like social studies books... and the world map...
@@anoynmanonymous8304 TF? HOW IS SOCIAL STUDIES BOOK WRONG? also, wtf world map is also wrong? Don't tell me you're one of those flat earthers, those disgusting shit.
Please lah, gst on educational how much only. Few dollar PAY LAH. Everything also want complain. As long as its GOODS or SERVICES, it would be taxed. You may think oh 7% very ex and it covers everything. LOOK AT OTHER COUNTRIES. Our tax system on Singaporeans is pretty sweet already
Tough questions are good! But to get the answers you want, you need tougher questions.
The problem bigger than pap is the Unquestioning and timid 70% who know what's wrong but insists and some simply born daft
tougher question? “again I don’t understand your question” 🤣
Why the opposition did not ask him how come Singapore become the most expensive city in the world for the past 7 years? Ask him what happen?
@Tan Peng Joo by trump still richer, right?
@Tan Peng JooDebasement of currency is lowering the value of the currency. When govt debase the currency, people demand higher prices of their goods they sell, and people demand more wages to match the priced increase, resulting in inflation.
Dragon, Glad to hear that IF you're a Singaporean, then you OHSO must be a Expatriate Foreigner.
Oh, you still Nunno that "Most expensive" relates to Foreigners, not Singaporeans.
But can Ohso include Sinkaporeans🙈🙉🙃👍
Flipping prata all the way & not answering directly.. avoiding accountability.. Better to Vote Opposition to bring more accountability n challenge these issues in parliament...
Totally agree.... look at what happen to temasek holdings? How can a minister wife be a CEO on a government subsidiary company ?
If opposition is more straightforward in asking questions, then DPM heng will not be able to deflect them
Marcus lim ... yes u are quite right, they have to be sharp daring attacking question, something I hope they will learnt from foreign parliamentary MP
Majority of the lower income are 'non-taxpayers' who have not been successful in education. Any governments cannot grossly depend on this limited same number of taxpayers. Hence, everyone play his or her parts in any forms of taxation. If, not for those older generations of taxpayers will there be a Singapore today?
On the issue of immigration, I think it's not realistic to expect more than, say 50%, of our naturalised citizens to feel a little bit of loyalty to Singapore. I know a few of them, not many, and this is true for this small sample population of immigrants. E.g. a colleague of mine who already has his Singapore citizenship still intros himself as a (insert country) man living in Singapore, clearly he does not think he is Singaporean. He says his children are born in singapore, but just couldn't bring himself to say that they are Singaporean, as if it is a source of regret for him. Another one told me that she is just using the Singapore citizenship as a springboard to further her career and does not see herself staying here long term. I'm only saying what I have observed personally. But while they, the 1st gen immigrants don't believe themselves to be one of us, their children who grow up here are much more likely to. A few of my neighbours are immigrants, when their kids speak in the mother tongue, the foreign accent is there, but when the kids speak English, they sound perfectly Singaporean. They play with friends of other ethnicities just like our kids do. The children of these 1st-gen immigrants are Singaporean.
So saddened to see Mr Devan, sitting beside the party which tarnished and kicked out the most loyal and trusted man, your late Father, The Great Mr Devan Nair, who bravely went to Malaysia to carry his party's Banner and was the first man who was arrested and thrown in prison for his Party!
You too Brutas?
he sold out.
Yah go read the father's letter online very shocking after that I don't understand why he subject himself to be scapegoat. Poor Dad should have been buried here son of Singapore
Looks like he needs a drink or 2
The reserves taken out 4 times to sustain the nation during the covid-19 pandemic but $22 billions are not from reserves but are loans taken no know from where? .. this was reported when WP's Leon Perera questioned about the reserves.
The poor are being taxed at 7% even on their daily essentials at supermarkets. The rich also pay the same rate on the similiar items. How can the poor be benefiting from GST?? It does not make sense Mr HSK??
The lower income family usually receives more subsidies and help from the govt. All these help to them has to have a source right?? If not how? We all pray for money to drop from sky ah? Rmb we don’t have natural resources eh, we only have humans.
poor only 2% tax rate plus subsidies rich 22% so basically poor needs to pay much lesser than the rich why you need complain so much wtf
you know what im wrong lol. You earn $20000 per year no income tax lol. Even better
Because they can get more money from the rich and give more subsidies to the poor in terms of education for the children, utilities bill or medical fees. If you are poor, you probably will not spend much like dining outside or buying luxurious goods or services compare to the rich. Although as a poor you may have a higher cost of living as a result but it is offset by the gst the rich are paying. I don't know if If it was correct to say most Singaporeans is around middle income category, so government is hoping to take some resources from middle income and most resources from high income to allocate to the poor
Was Hoping that, you Mr Devan, would be sitting on our side, THE CITIZENS OF SINGAPURA!
like hsk, they can speak from all sides and believe in all of them.
The PAP just put all YES MPs and a puppet president. Majority Singaporeans want are more jobs opportunities for locals and better future for Singapore.
leong mun wai second question is to say if president that is elected is from pap how is there going to have check and balance
Elected by and from....you mean
@@gregwee2516 Haha that is a strong statement you make there by referring to elected by. You are much straightforward compare to those that asked question in the video. I hope you will have a chance to ask PAP and know what is their reply! I would also like to know what is their answer.
'Ownself check ownself' la.
janadas is sitting there like a tool
The more he explains to defend the policies the less I want to vote for him. Who audited the NIRC independently? Does any of you have the answer? No means no. Yes means yes.
Smooth operator. Don't believe anything until we see the facts. GST is regressive. What does he mean look at the whole package? 1 loophole can hurt a lot of people who have very little or nothing with which to defend/save themselves. These are Singaporeans we speak. Visitors get away with GST for big ticket and luxury items at the airport!
Yes minister...Gst is a consumption tax... that is a regressive tax. U give GST rebate but as a whole u take in more than u pay out. It hits the lower income more too.
GST applies to everyone, be in lower or upper. We could have just stayed at 5% GST and get no rebates at all.
However, the goal why a country would prefer to tax higher GST and give rebates retrospectively is to tax the one group which doesn't pay any other tax than GST. That is the tourist.
Everytime the tourist spends a dollar in singapore, that's where we make money. Just because we want to tax tourist and probably also pass holders, the rebate scheme is the best choice to increase revenue without impacting local citizens.
Don't you think it would be wiser this way?
@@Niiflux you can tailor consumption taxes to hit higher income individuals harder. I honestly think that essentials should be tax exempt so that low-income families have a higher purchasing power
@@Bobbylim323 and how tf are you going to implement that? Higher income people already have to pay highing income tax. GST, will be for EVERYONE regardless of their status, to make it equal. You can't just keep taxing rich people cuz 'oh they're rich'. If families are unable to cope with the gst, then they can apply for COUNTLESS of subsidy schemes to assist them, ranging from healthcare to daily needs.
@Hitler is actually a cat
sorry to burst your bubble but the rich is already being taxed more on luxury goods. For example, expensive sports cars have a different tax range and luxury vices such as alcohol and cigarettes are taxed higher than other goods. Moreover the income from the rich is progressive taxed more that the poor, notably we only pay close to 2-3% income tax while the rich pay nearly 22%
If you noticed by now, essential necessities are taxed at the basic levels sometimes tax free as well, but items such as chocolate or luxury goods are taxed even before they come into the country.
Back to the point again, we are taxing tourist more than we tax our own people. And we are taxing the rich way more than the poor. But in the society we live in, the poor is always pushing blame away and yet too uneducated to know what’s the really happening.
Democracy only works when the people are educated enough to vote properly. sad to say, not many people know how to vote on the issues, but simplistically vote on one sided information they get.
As socrates once quote, democracy has a flaw that vote by the people is bound to fail. Especially when most people are not adequately educated on the subject matter to make the right judgement. Worst thing is, the people always believe they know enough and know better.
When a govt increases the supply of its national currency, the govt actually transfers the purchasing value of the currency in our pockets and bank savings to the govt to spend. This is considered a hidden tax. The increase of currency supply devalues the currency, as a result, the people need to earn more to buy the same car, house, or any other things. That is why people complained about nowadays $50 buys fewer things? Every time a govt wants to spend, it would print more currency, every time there is a recession, it prints more currency to stimulate the economy, this is an ongoing process. This is a bubble economy, and all bubble economy is sure to burst, it's not if but when.
Hmmm something is not right here... I dun agree with the government but the economic agurememt you are making does not quite add up
Yap I have asked my friend who is an economist its not true that an increase an government spending will lead to the increase in money money because what ever money that the SG government use is already part of the system. However if its was borrowed then it will affect interest rates not exchange rate so ya... go learn economics 1st bah
@@gohjunhao1496 The present world monetary system is a flaw system since 1971. Mariner Eccles (Federal Reserve Governor.1933) - "If there is no debts in our money system there would not be any money." Please educate yourself by watching - Hidden Secret of Money episodes 3, 4, 5.
HSK cannot prove that the new citizens have shifted allegiance because the time to take the stand which side new citizens choose has not arrived.
This is where Finance Minister Heng is wrong.
1. Tourists pay significantly lesser GST or zero GST altogether with the spending cap set at a low threshold of $100 spending. It is untrue that tourists pay GST unless they are super broke which is really highly unlikely to be the case given that they have already set foot in SG. Why not, Mr Heng, instead of raising the GST to 9% on ordinary Singaporeans, raise the threshold for GST refund on tourists? You can argue that it would inhibit tourist spending, but as a matter of fact, when I go to foreign countries, people there are saying that they would prefer to go to KL as it is cheaper. If you set the threshold for GST refund to maybe between $2000-$5000 of spending while lowering the GST to 5%, wouldn't that continue tourist spending while reducing the need for an increase in GST to 9% without accumulating much shortfall?
2. On the elected presidency - how can you guarantee President Halimah's ability to safeguard the reserves where there is a clear conflict of interest in her role? Firstly, the gap between her resignation from the PAP and her taking up the elected presidency is only 1.5 months. Secondly, the PAP government went out of the way to change the rules to ensure that Halimah and Halimah only could become the president. Case in point - the shareholder's equity rule was increased to $500,000 and Chan Chun Sing said that the rule would be enforced strictly vs the "flexibility" exercised in 2011. Also, the speaker of parliament handles a budget that is way smaller than the budget of an average government ministry, agency or stat board. In fact, her other prospective opponents, such as Farid Khan, handled a much bigger budget that Halimah in her time as Speaker. The Speaker of parliament in Singapore also does not engage in any policy making decision or role unlike the Speaker of the House of Representatives in the US. Yet the Speaker clause for automatic qualification for the elected president wasn't repealed or removed, so that Halimah only could qualify as president. If you truly care about transparency and guarding the reserves, why not let Dr Tan Cheng Bock or Farid Khan run against Halimah and let the public decide who is the best candidate for this role?
Also, can you guarantee that a president in Halimah Yacob, who was elevated to the top office through the out-of-the-way changes to the rules by your PAP government, can truly play her role in safeguarding our reserves and the integrity of our public service, without fear or favour, when because of the out-of-the-rule changes she will always have an element of beholdenness to your PAP government?
They think minority mind is much greater 2 million minds. That's double standards.
Puppet show!
IF NIRC
PROVIDES 50% RETURNS
WHY IS CPF RETURN AT 2.5%
IS THE LOWEST IN ASEAN
AND NO WHERE COMPARED TO
INDIA ? ?
AUSTRALIA ? ? ?
I don't understand, since GST isn't the largest source of revenue for Singapore. Why do they want to raise GST?
9%.....of a person spends $12,000 a year his GST9%..ls $ 1,080.... ....
so they are admitting they did not govern well so had to raise GST as mentioned by the PM?
Now things in Singapore are getting more and more expensive, for people who can still working got no problems to code with the increasing price, but for people us, we felt that this small problems for the vast majority is actually a big big issue to us!!
Read thru the comments and just see complaints after complaints. These Singaporeans have no idea how much better their life is compared to other countries. We should be proud to have a competent govt goodness sake
Dpm heng get your facts right tourist get gst refund at the Airport when they leave the country. Ministers salary base on GDP growth so why need all this mention increments.
Cut ministers salary so no need any increment
If we have so much reserves and investment
Use this funds to pay for
the gst, pub bills etc. Unless the pap have lost all this money
Multiple times the word 'future' and 'future generation' was used by HSK. Think about it........
Come 2025, I urge singaporean to give opposition an opportunity in parliament. This current ruling party has taken singaporean for a joy ride . They have never been transparent with our money so why have em ? Hello singaporean, it’s time for a change it’s for the sake of our children’s children future
An IDIOT passing off as an Elite against TRUE ELITES and it is a Pity to see Janadass looking stupid instead of SMART where he should be on the other side
And this is why when ppl ask where im from and when i say singapore, theyll ask, y are u not chinese? And when i said cz im a malay, amd they will go like oh ure malaysian then
Good question on chinese citizen overcrowding
SINGAPOREAN PMETs
HAD BEEN SUFFERING UNEMPLOYMENT
FOR DECADES
AND YET FULL EMPLOYMENTS FOR FOREIGNERS # # # #
It is an issue Mr. Heng
..it will always be! Just because you and the Govt. think its right , doesn't mean it's right.
Minister Heng is very eloquent here!
Why increase GST if the government doesn't revenue from it?
Lower consumer spending, indirectly import expenditure and inflation.
HSK as PM will be the dusk of PAP
HSK LHL will be a good PAP.
@Tan Peng Joo Chee Soon Juan is a joke lah.
Are u sure all foreigners got the talents singaporeans grads dont have?why get a degree then and let foreigners take the jobs !!constructions yes no degree holder will wan those jobs do u give citizenship to them they are essential in our country but foreign talent got citiznship so easily? something is wrong with the system period !! nothing more to say i rest my case!!
Agreed, since they keep saying Singaporeans not producing enough kids, give citizenship to construction workers. At least the other jobs Will be saved for Singaporeans.
It ain't easy for foreigners the amount of work they put in will blow your mind. Just do more than just stopping at a point.
Tourists are not taxed because they can get their GST refund at the airport. Who pay for the refunds at our airport terminals??
No one pay for refund because tax are additional charges lol. They only pay for the actual price of the good or services without the additional charges lol
HSK has raised a point, that many Singaporeans conveniently forget. 35-40% of people living in Singapore are not citizens, yet they pay taxes at the same rate as Singaporeans. They (with the exception of PRs, but ONLY to a degree) do not benefit from subsidised public goofd such as housing, healthcare and education. If Singapore were to have a local:foreign mix similar to say, the average Western country, the ratio would be 90:10, rather than the current 65:35. This would mean that tax rates would have to go up to support the same level of subsidy to Singaporeans.
I agree. Singaporeans are already feeling the squeeze even with an income tax rate that is lower than almost every single developed country, barring oil rich gulf states. If income taxes go up any further here, disposable income which is already very low, will go down the toilet.
The thing Mr Heng said is too "deep" for handicap people like us who cannot find job, what we need a cheap environment for us live, cheap foods, cheap transport, cheap clothing, cheap groceries store, so that our limited saving won't run out so fast!
Pls lah
Anyhow ask
Gst is for who ??
For the long term master plans for the prosperity of Singapore.
You all saw Jewel and other infrastructure
How to make all that ???
Future greater southern waterfront
Underground master plan
Etc...
So many projects to be done for Singapore
It for the country leh
Everyone is paying gst citizens pr ft even the ministers
Then why complain so much ???
Go and see other countries
How they have lanjiao infrastructure
Their trains like shit
We should feel happy that our govt is ambitious
Don't take the govt we have for granted
Everything also (complain complain×1000)
Anyone who even asks such question why gst increase why population increase is considered daft
LKY would have smashed all of you for such lousy questions
Dpm heng very kind
Common sense what
i double confirm with double chop totally agree with you....ppl dont say Singapore as a country when they see it in the map....it just look like a lost island
@@silverzombiegaming4431 Well CONditioned
Totally CONditioned & Trained to Bark & Attack on COMMAND...Sword of Honour
@Food Delivery On Bike so ???
90 percent home ownership leh
You think what
HDB is slums ah ??
Much bigger than condo lah
Who say hdb is cheap also
All above 200 to 300k plus for a decent home
Plus renovation costs also
Food Delivery On Bike come on. Limited land we have here and so be grateful we have a roof, a comfortable roof. Anyway, By staying in landed makes you successful?
Mr Tharman ur right person to answer for all this question..... Ur right person..... I'm still dreaming as NEXT PRIME MINISTER....
Your comments of Dr T will be truly n fully appreciated by most if not all Singaporeans n moreover he is also highly respected locally n internationally, so cast ur vote wisely come 10th July n give him his colleagues d chance to represent u all Singaporeans in Parliament.
I second that. I want Tharman too! Now I feel like voting opposition for the sake of challenging status quo. PAP, in my opinion, perform better when oppositions gained more votes. Look back at history. I don't hate PAP. But I am disappointed at how our own fellow Singaporeans are being sidelined in the job market and deprived of a deservingly better future.
Keep dreaming.....no minority to be pm anytime soon.
Dream on long long.
But I remember reading so many investments failed so where the money coming from for continual investments if it is not from our taxes then from CPF? with govt bailing out SQ and Silkair and losing all stakes in Virgin Airbin Australia getting bankrupt so much money burnt then how very we still riding on investments and not on our taxes. What investments are these NRIC why not reveal?
Alot of people think being a Finance minister is so easy wait till u sit in his position. You really think a MNC CFO job is easy?
Hello u knows nothing and keep your mouth shut
You are right. It's not easy. But your role as a Minister of Finance need to tweak policies that help to reduce income gap between the bottom 10 and top 10 percentile. And many other. They put themselves in this role and are paid handsomely for performing. Positive outcome is expected for such high salary they command.
My friend. People are aware that leadership roles in govt may not be easy.
However, they have lost touch with the challenges of the low/middle income group.
And think abt it - how can they(govt) relate to our financial challenges when their salary is sky high.
They can say they "understand us". Words are cheap. However they can never empathise with us... simply because they are being shielded financially. Too much.
Everything is provided for them.
Which ministers salary is like the common man?
Which of them stay in HDB?
In all honesty, when I see rising MPs and ministers, all i see is a grp that just wants to be seen that they are the man for the job.
To have real concern for the under privillege is secondary and something they have to do.
It shows their character when they only come knocking at my door during GE. This behaviour is disgusting to say the least.
The people are also disgusted with their wayang and censorship of criticism.
Then u tell me what job is easy ? Cleaner is easy..? go n try la
@@endi4654 yes definitely, we should double or even triple their allowances as their wish, Year 2011, before the loss GRC Aljunied, the PM allowance was at 3.97m pa. Maybe we shouldn't be a democracy but rule by royalty.
Impressed with his answers given. Convincing and direct to the point. He is well verse in the economy of Singapore. He is a capable and talented DPM.
In such challenging times, why is Mr Heng so free to issue POFOMA?
What about the massive increase in currency supply to stimulate the economy, isn't it a hidden tax?
Where to watch the full video?
FLORIDA
has NO GST
WHEN THE GOVERNANCE IS EXCELLENT !
GST TAXES THE BOTTOM POOR
THE TOP RICH NEVER PAY GST
WHICH IS ALWAYS ABSORBED BY THE VENDOR
Pretty articulately defended & I must say, this is an HSK I haven’t much seen. What isn’t clear is whether the questions were scripted rather than spontaneous. If the former, then the articulation is suspect (like cheating in exams...getting questions before u enter the hall to take the exam, in this case getting questions prior. But if the latter, ie if he didn’t these questions in advance, he is credibly prime-ministerial.
For all Singaporeans, in plain and simple terms, tax is a form of revenue for the government, past taxes are inadequate so comes GST, there are more new kinds of taxes coming soon, such as VAT, Digital Tax and unknown avenues to creative taxes. How to say enough is enough, greed breeds.......
PAP-Pay and Pay.
Singapore is a the World's Busiest Port City!That's a big advantage for us.
I am quite against Mr Heng spraying money around during Covid lock down. Just like Mr Heng said, we must be careful in what we do.
Is Mr Heng a trained economist or qualified accountant ? He certainly lack vision and foresight !
Diversity InEvitable !
Inclusiveness utmost Necessity Irrespective of Country of Origin. Inter Marriages between Singaporeans with Foreigner?
Individual Democratic Right .
Discrimination against
Diversity Divides.
Origin Irrelevant !
Inclusiveness and Respect for All Races and Every Religion
Priority and Prerogative for
Social Harmony .
Diversity is Not Divide but Discrimination against Diversity IS.
how can one do not understand a simple question at that high level of political position.
lky will trash the question with a satisfying answer.
Personally, I am a little troubled that the NIRC is 50%. But we need that revenue, or our taxes would be higher.
ALLEGIANCE
【中国情意结】
HAD ALREADY ENTRENCHED INTO
ALL THE CHINESE CLANS ASSOCIATIONS IN SINGAPORE
JUST TAKE PART IN ALL THE SINGAPORE CHINESE CLANS ASSOCIATIONS'
ACTIVITIES
AND EVERY FACTUAL REALITY IS CLEAR AND TRANSPARENT
I don't have concerns about giving citizenships to foreigner because I believe this will be resolved in time (when I do not know but it is in the future). These new citizens are very smart ppl (also a result of our strict criteria that only admit the best and brightest) and definitely on many levels smarter (not just intellectually but also street smart) than some stupid SGian. And they coming from a worst-off (else why do they choose to emigrate from their country?) system in their original country knows the risks of 'certain' system. Out of their self-interest and children interest, they know better than many stupid SGian what type of system serve them best (aka not jumping out of the pot which is their origin country into the fire which is SG their new home) because they have experienced and gone through the pain. They know what to choose and that I believe will also serve SGian well. When someone realized that having too many smart ppl in the country may not be a good thing (for them), they will ... lol ... and hopefully it is not too late for them. If they are not smart enough to have the foresight, shooting themselves in their foot is probably well-deserved.
Sooo.. he keep the top level corporate tax low (higher earners) and increase the gst (everyone) to help benefit the lower income group?? Idk but seems pretty contradicting
I like to hear all the parties stand on the 377A issue.
Made Singapore greater again😄😘😘😘😘😘😘😘😘😘😘
GST is definitely not a regressive tax, you pay according to how much you can consume and thats is just fair.
gst forms a larger part of the income of a low income consumer than a higher income consumer.
@@KTW2123 yes in comparison, it does forms a larger part. But add it all up, its only 7%. Not that big of a deal. ALSO, if they're unable to afford or affect by the gst, it means they are have REALLY LOW INCOME, and they can apply for subsides to help them.
@@jeffersonneo464 where to apply for subsides? In Singapore the process of a form of a beggar.
Singapore has given 'PR' to many nations but the real problem is with the China's PR. i witness this awkward situation when these China's PR wanting to visit Malaysia begin to converse these Malaysian Immigration Officier in 'Mandarin'. Much annoyance. Any nationalities of any countries with converse in simple English. In Singapore, the worst situation is these China's PR talking to an Indian man and a Malay lady wearing a scarf(tudung) in Mandarin. You donot see other PR of any countries doing something 'weird'. So, have a careful thought of not upsetting the social cohesion for a better Singapore. If, really we want to have a 'Majulah Singapura'.
They will, eventually be able to speak like you...
I divorce 2014 until now struggling to rebuild my life back save mone to pay agent fee, to stabil bak my new life but other countries population come so easy
Last 2nd question ... Ah HENG ... Ah LEE said ""Don't pretend nothing has happened ! " the president who i also don't know ...
why Why WHY ? ? ? ?
SINGAPORE
STILL HAS NUMEROUS
MANUAL ASSEMBLY HANDS PACKAGING PLANTS
IN
TOA PAYOH
ANG MO KIO
KRANJI
WOODLANDS
ET CETERA
PURE BORNED SPOREANS BE PROMINENT LEVELS
Ehhh kong simi ahhh
NIRC is highest return. I suppose so as it is people's savings . I wonder GST.. income taxes... ERP....COE...etc how much percentage return and how much has been collected over years. We should be trillions rich state. Also need give many citizenships la . Those who leave must be replaced with richer and those more of political benefits.
请问王副总理，何时才能得到您来访消息？ 敬请回覆？
Tbh, not bad leh him
he sounds good only... but apart from that... his face is just $$$$
IT IS VERY DIFFICULT FOR COMPANIES TO GROW IN SINGAPORE
THE ROOT CAUSE
THE GOVERNMENT HAD MONOPOLIZED
ALL THE BEST GROWING BUSINESSES IN SINGAPORE
AND SQUEEZING OUT THE LOCAL SMEs
WHO ARE WORKING ON GROWTH
No
Then why people in Singapore in poverty worse than undeveloped country.. I see and experienced people in other countries they able to work their way up progressively to have their own property for themselves and have rightful retirement where they can have back their own hard earned money. So these PAP systems suck all our hard earned money in the name of future keeping own people in poor state hand to mouth.
H E L L O ! ! ! !
GRAND GST REBATES REFUND POLISHED COUNTERS
AT CHANGI AIRPORT TERMINALS
FOR DEPARTING TOURISTS
Of course there are always a few who became Singapore citizens with nefarious intent; some came with sworn allegiance to his /her native country or foreign government instead of Singapore , but existence of a few bad apples shouldn't be used as an excuse to persecute every naturalized citizen of Singapore and brush with the same stroke.
1) GST is regressive. End of story.
2) Singapore has nothing, and yet the British wanted to be here back in the 1800s...
3) People are marrying out because of lack of loyalty and passion to the local land... 外国的月亮比较圆.
4) BRIDGE BUILDING TAKES SACRIFICES! YOU WANT TO SACRIFICE, SACRIFICE YOURSELF FIRST.. DON'T SACRIFICE FUTURE GENERATIONS. U ARE NOT EVEN WILLING TO TAKE PAYCUT, TALK ABOUT BRIDGE BUILDING...
5) President is not elected. It's selected.
6) You cannot be selective, even if it's selling your country out... what bs
then tax corporation then MNC start running away . I am jobless you hire me? Building bridges is not selling out the country. That is why there must be a balance. Look the world is changing if you dont change and keep on wanting to go back older days then you end up as loser.
AS ALL GOVERNMENTS ARE TRENDING TOWARDS
ZERO CORPORATE TAXES
ZERO INTEREST RATES
WHY NOT ZERO PRICES ? ? ? ?
WHY NOT ZERO COST OF LIVING ? ? ? ?
WHY NOT ZERO COST OF GOVERNMENT ? ? ? ?
WHY NOT ZERO GST LIKE IN FLORIDA ? ? ? ?
History will repeat itself with these new migrants' choice to be Singapore Citizens. Today, those old migrants who came here many years ago are helpless financially towards their twilight years. This is a social 'burden' to any government to take care of them for this converted citizenship of Singapore. This is a perpetual problem.
Indirectly gains money from rich to fund poor through healthcares, educations etc
I dun think the GST implemented would benefit the lower income group if the rate is one across the board. If you really wanna help the lower income ppl, you should implement tiered GST. Obviously a much lower GST for essential non branded goods like flour, rice, milk powder, medicine (from pharmacy), sugar, etc. And, another much higher rate for luxury goods.
Nah middle and high income would tend to spend more because of higher purchasing power. If there is tier gst, restaurant and shop, company would suffer from it. Another would be it is difficult to justify a tier and how much gst to allocate for each tier. A subtle approach will be applying to everyone and then give more subsidies to the poor
Marcus lim Do not agree with our perspective. Above middle income and the super rich will spend more on luxury goods, and lower to middle income will spend more on non branded essential goods. For instance, lower income will not buy a branded olive oil, sugar or milk powder vs those above middle income folks. Subsidize offered by government so far is only one time off and not enough to see them thru one year.
It's not easy to answer those questions.It's really difficult questions.
Mr. Heng would've made an excellent PM.
This is why East Coast should have taken the chance to kick him out.
I am impressed with Mr Heng for handling these tough and sensitive questions well. Singapore is blessed to have another outstanding leader like Heng Swee Kiat.
Do not cast doubts to the new citizens. Oh wow.....
Wat about pr stateless till now 55 yrsold not allowed to changed pink ic reason was born in KL no proof from my mom to show she was pregnant when she was going to malaysia without paper or declared .those yrs 1965 where got anty2 understand english
Yes tis lady now 55 yrs cant get gst money wrk fare money yet she contribute cpf
Tighten? U have sweeper from China ...That u call tightened... somemore bring whole family.. Grandfather grandma comes...Cow peh cow bo...In MRT bus neighborhood
Fertility rate is almost 1, far short of 2 just to maintain the population number. No choice but to import new citizens.
If NRIC is so good why raise GST??
Why don't you look into jobs that had offered to foreign graduates and many other jobs that Singaporean can do and not about mixed marriages?
National reserve investment returns or cpf investment returns.
I have been living oversea for over 30 years, i never vote in my entire life . I am in the 50s and i am pretty sure who am i gonna vote for , Mr heng , PAP you have my vote
After elected increase again sooner or later!
Whaa
DPM heng can answer and speak
I guess the east coast plan speech is just a one time mistake