“The Goods and Services Tax (GST) in Singapore should now be abolished as it does not raise enough government revenue to support public and social needs”

(i) The fundamental goals of the GST regime in Singapore;

(ii) The extent to which it should/should not be abolished, and why/why not?

(iii) The proportion of government revenue that the GST makes up in Singapore;

(iv) What government revenue derived from taxes, and more specifically the GST, funds public and social needs, and what these (i.e. the latter) are or comprise?

(v) At least one recommendation of what should and could substitute the GST, and why you believe that this option is viable?

Answer rating: 100% (QA)

i The fundamental goals of the Goods and Services Tax GST regime in Singapore are to provide a stable and sustainable source of government revenue pro... View the full answer