Dear readers, the PAP held its annual Party and Awards convention yesterday. One key takeaway for me, from what was reported of the convention was the fact that taxes, according to the Prime Minister may have to increase in tandem with what we are investing in our economy. It was reported that PM Lee cited Finance Minister Heng’s saying that tax increases are not a matter of whether but a matter of when.
I think it has been sometime since GST has increased. Initially we have 3%, then 5% and now 7% GST. I am not sure whether there will be a likelihood that GST will be increased soon to 9% since PM has given the clearest hint so far of an increase in taxes from yesterday’s convention. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like” me on Singapore Stocks Investing Facebook page to …