o_19c5m4dif5d2b4m116t1tkbp0na.pdf

HOMEBUYERS’ OUTLOOK 2015 | The Year of the Homebuyer
“No matter how you dress it up, the GST’s impact cannot
be predicted. The Prime Minister said that we will be a
high-income nation by 2018 and a developed one by 2020.
I believe we will eventually reach that point as we already
have the talent and infrastructure, but what people fail to
realise is that there is no such thing as a high-income nation
with low expenses.
Everyone who consumes pays, and everyone consumes so
everyone pays. Tourists, too, sometimes do not claim GST so
there will be funds from that as well. However, we will only
truly get on the right track once we have the appropriate
income.
“In the six odd decades of our country’s independence, we
have had five decades with deficit budgets. Casting a wide
net like the GST stays true to its slogan, ‘Grow and Share
Together’ and this will increase the number of taxpayers,
multiplying the current two million by more than 10 times.
Disclaimer: The opinions stated in the article above are solely of
the interviewee quoted, namely Chris Tan, and are not in any form
an endorsement or recommendation by iProperty.com. Readers
are encouraged to seek independent advice prior to making any
investments. Additionally, information provided is considered to be
true and correct at the time of publication.
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