14 Feb '11, 9am

Hopes of lower taxes are higher due to the election. For live updates of #SGbudget on Fri afternoon, follow @STbudget.

Hopes of lower taxes are higher due to the election.  For live updates of #SGbudget on Fri afternoon, follow @STbudget.

Lower income earners could get some help if the Government follows the suggestion of PricewaterhouseCoopers Singapore tax partner David Sandison. -- ST PHOTO: DESMOND FOO LOWER corporate and personal income taxes are always on the Budget wish list of individuals and companies, but hopes are higher this year given the looming election. Cuts to corporate and income taxes here have been part and parcel of moves to make Singapore a more business-friendly environment that can attract and keep global talent. The goods and services tax (GST) has been increased to make up the revenue shortfall. But many people will say that taxes can still be cut more. Ask Mr Benjamin Koh, who owns Addicon Logistics Management, a logistics firm that specialises in transporting clothes. 'While it is good to look at the lower income bracket, the Government should look at reducing the tax burden on h...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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