GST hike did not 'turbocharge' inflation as WP chief asserted; figure fell in both years of tax increase: PM Wong
Business
Singapore would have ended up with fiscal deficits last year and for this year’s projected balance, without the Goods and Services Tax increase and unexpected rise in corporate income tax collections, said Prime Minister and Finance Minister Lawrence Wong. SINGAPORE: The increase in the Goods and Services Tax (GST) over the last two years did not "turbocharge" inflation as the Leader of the Opposition has asserted , said Prime Minister Lawrence Wong on Friday (Feb 28). Instead, external factors
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