Louis Ng on Goods and Services Tax (Amendment) Bill
Does the Committee Against Profiteering have the power to name businesses which have been found to have profiteered and if so, how will it decide whether to do so? Asking the question in Parliament on Monday (Nov 7), MP Louis Ng said naming and shaming will improve transparency, produce a strong deterrent effect and encourage good-faith reporting by the public if they have confidence that profiteers will face consequences. He noted that the last time the committee convened in 2007, it received 200 pieces of feedback and ended up making public only a single case - a childcare centre which was not named.
Does the Committee Against Profiteering have the power to name businesses which have been found to have profiteered and if so, how will it decide whether to do so? Asking the question in Parliament on Monday (Nov 7), MP Louis Ng said naming and shaming will improve transparency, produce a strong deterrent effect and encourage good-faith reporting by the public if they have confidence that profiteers will face consequences. He noted that the last time the committee convened in 2007, it received 200 pieces of feedback and ended up making public only a single case - a childcare centre which was not named.
Popular Shows
