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Posted on Jun 13, 2024

Overview: In the year 2020 and 2021, the Singapore Government has announced several relief measures to soften the impact of COVID19. To fund the redistribution

Overview: In the year 2020 and 2021, the Singapore Government has announced several relief measures to soften the impact of COVID19.

To fund the redistribution package the government has two options: Impose a new personal income tax structure or increasing the GST from 7% to 9% for all.

Provide the advantages and disadvantages for income-tax option and the GST option. Which one would you prefer and why?

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