The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.
The measures come under an additional S$1.1 billion support package to help Singaporean households, especially lower- to middle-income ones, cope with rising costs.
It’s like they went, how much does an average person spent per month including bills and insurance. $800 per month? Lets multiple it by 12 months, and see how much that 2% GST tax is.$192? Ok let slap an additional $8 and all be good.
It’s one of the more efficient ways to redistribute wealth using GST, which is regressive in nataure.
As for this special payout, I do wonder if it’s enough. GST offset is easy to calculate, but inflation is far more variable.
You probably right.