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Sorry to ask noob an
Why is GST increase to cover imported goods and increased tax on tabacoo and alcohol never a problem but when US do it over steel, it is trade war?
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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GST is applied across the board i.e. it is levied on both imports as well as locally manufactured goods. Â The US is planning to impose tariffs which is applied only on imported goods (say steel) and not on locally manufactured goods (steel).
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I pay 7% sales tax on the hotel room rate when I visit Singapore and I heard the rate will soon increase to 9% so I will be charged "Room Rate + 10% service +9% tax " and the tax is paid to Singapore Government Tax Office. But even restaurants and cafes in the shopping malls and supermarkets have to charge the 7% sales tax so local residents cannot escape the tax net.