Home News Featured News Incensed netizens condemn high ministerial salaries as PM Lee confirms impending tax...

Incensed netizens condemn high ministerial salaries as PM Lee confirms impending tax hike

Author

Date

Category

- Advertisement -

Prime Minister Lee Hsien Loong’s confirmation that higher taxes are inevitable to counter increased spending has earned the ire of netizens who are calling on the head of government to cut high ministerial salaries before resorting to a tax hike.

PM Lee confirmed the tax hike while speaking at the PAP Convention 2017 yesterday morning, where he stressed that it is a matter of when and not whether taxes will be increased.

Interestingly, when claims that the government would raise taxes erupted in 2015, a month before that year’s General Election, the Ministry of Finance (MOF) was quick to refute the claims, saying that they had no basis.

Posting a statement on the matter online, MOF reiterated Deputy Prime Minister Tharman Shanmugaratnam’s earlier assertion that increased spending planned for the rest of the decade is sufficiently provided for by measures that the Government had already taken.

- Advertisement -

Speaking at the party conference, PM Lee said that as spending rises, the government must “stretch our dollars, and make every dollar count.”

Asserting that there is enough revenue for this current term of government, the PM indicated that the government and the people must bear the cost of increased spending for the sake of the next generation.

Netizens weren’t swayed by the PM’s reasons explaining the tax hike and called on him to slash the high salaries ministers draw, instead of pushing the financial burden of increased spending to the people:

Besides spending on infrastructure, economy and healthcare, one of the major projects the government is expected to spend heavily on is the MRT network expansion project. More than $20 billion dollars will be plugged into this project which will take about 5 years to complete.

The new Terminal 5 at Changi Airport which also cost “tens of billions of dollars,” according to an earlier statement by Finance Minister Heng Swee Keat.

PM Lee on investing in Singapore's future

Raising taxes in Singapore "not a matter of whether, but when", but Government will explain what the money is needed for and how it will benefit everyone, says PM Lee Hsien Loong at the People's Action Party convention.

Posted by Channel NewsAsia on Sunday, 19 November 2017

https://theindependent.sg.sg/tax-hike-is-inevitable-pm-lee-confirms/

Send in your scoop to news@theindependent.sg 

- Advertisement -

Journalist claims Karen Mok is the only woman Stephen Chow has ever thought of marrying

Hong Kong -- Last year, comedian Stephen Chow's public and ugly legal battle with his former girlfriend over their finances gave a rare peek into the personal life of the fiercely private 58-year-old. It was reported that out of all the women...

Goh Chok Tong says that as true friends with Tan Cheng Bock, “we will always have each other’s best interest at heart”

Despite a relationship that seemed to be fraught with political tension from the past year, Goh Chok Tong and Tan Cheng Bock met for dinner over the weekend. On Friday (Feb 19), former Emeritus Senior Minister (ESM) Goh posted on social media...

Prank orders in Joo Seng affects at least 12 delivery riders, police investigating incident

Singapore – The police are investigating a case of "intentional harassment" involving Foodpanda delivery orders sent to a Housing and Development Board (HDB) flat in Joo Seng after a resident highlighted a case of "prank orders" in social media. On Friday (Feb...

Send in your scoop to news@theindependent.sg 

Theindependent