Heart of the Matter - S2: GST, wealth and other taxes – why now and what impact will it have on businesses and families?
A big announcement is expected on Friday (Feb 18) - on when the Goods and Services Tax (GST) will be raised. It is a lightning rod but only one tool in the Government's revenue kit. What is its value, how will people be impacted, and will offsets like GST vouchers sufficiently aid low-income families? Lin Suling puts these burning questions to Simon Poh, Associate Professor at the NUS Business School, Ajay Kumar Sanganeria, Head of Tax at KPMG Singapore and Terence Ho, Associate Professor at the Lee Kuan Yew School of Public Policy.