Singapore is set to hike its items and solutions tax in January. Here is how it will perform

Singapore is set to hike its items and solutions tax in January. Here is how it will perform


Key Factors
  • On Jan. 1 2023, Singapore will increase its goods and solutions tax, usually known as the GST, from 7% to 8%. Singapore’s future GST hike will get put on Jan. 1, 2024, when the GST will be elevated from 8% to 9%.
  • Middle-cash flow Singaporeans could be the most afflicted by the GST hikes, due to the fact they neither qualify for monetary aid and rebates nor are they in a position to find the money for bigger costs, in accordance to Euston Quah, head of Economics at the Nanyang Technological University.



Resource

3 forces driving a record week for stocks as 7 portfolio names hit new highs
Finance

3 forces driving a record week for stocks as 7 portfolio names hit new highs

It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last […]

Read More
Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more
Finance

Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more

Check out the companies making headlines in midday trading Nike — Shares of the sneaker giant jumped about 17% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, […]

Read More
Ron Baron says he will never sell SpaceX in his lifetime
Finance

Ron Baron says he will never sell SpaceX in his lifetime

Source

Read More
Powered by WordPress | WP Magazine by WP Mag Plus