SINGAPORE: The wife and four children of a doctor who died in 2021 tussled in court over his life savings of S$4 million, even though he made a will in 2012 stating that the money held in two bank accounts should be equally divided among his four children.
ARGUING that it is more efficient, transparent and fair, the goods and services tax should be reintroduced to increase national coffers, says Datuk Seri Ismail Sabri Yaakob.
The Bera MP argued that GST, which was zero-rated in 2018 by the Pakatan Harapan government, had proven to be superior to SST. He noted that international audit firm Deloitte has forecast that the SST hike would only generate around RM900mil more in revenue.Ismail Sabri said with the country expected to face slower growth prospects next year, reinstating GST would provide a much needed boost to the country’s tax revenue to fund development.
“Is the system ready? Has it been tested? We only have two months left before its launch. The next question is who is eligible for subsidies?” he said.
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