Are you ready for 7 million people on tiny Singapore?

[3Boys]

pirate:

3Boys:

[quote=\"JannettLee\"]
Whoever is running a business in Singapore will know that 7% GST is added for every changing-hand and hence there are a few times (changing hands) of 7% GST are compounded and factored into the costs and they price their goods accordingly. Consumer would have to foot the bill.

Now that I've read this again, I can't believe this rubbish you are trying to pass off as fact. Is there not a GST offset you can use?

Do you really know what you are talking about?

Theoretically, it is possible if the goods go through a supply train alternating between GST-registered and non-GST-registered suppliers. In practice, I would think the amount is very small as businesses of any scale to speak of will register for GST so that they can offset input tax. Most commercial importers and wholesalers would be GST-registered.

Eg. Goods first imported @ $100 by Importer A who is not GST-registered. 7% GST is levied by customs on import. So, A's cost is $107.

A then sells @ $150 to Wholesaler B who is GST-registered. There is no input tax that B can claim.

B sells @ $200 + GST to Distributor C who is not GST registered. C cannot claim back the $14 GST that is collected by B.

C then sells @ $250 to Retailer D who is GST registered. D can claim no input tax.

D then sells @ $300 + GST to consumer and collects $21 GST.

In total, $7+$14+$21=$42 GST is collected on a retail sale of $300. If the chain was all GST-registered, only $21 GST would have been collected.

But seriously, how many such chains are there in real life?[/quote]Yes agreed, see my follow up post.

[pirate]

3Boys:

In the typical supplier --> importer/wholesaler --> retailer --> consumer chain, with GST offset, how many layers of GST does the consumer incur?

In the typical supplier chain, they would all be GST registered and there will only be one layer of GST, ie. 7%. Many businesses volutarily register for GST even if their annual turnover is less than $1m, just so they can claim the input tax offset.

[3Boys]

pirate:

3Boys:

In the typical supplier --> importer/wholesaler --> retailer --> consumer chain, with GST offset, how many layers of GST does the consumer incur?

In the typical supplier chain, they would all be GST registered and there will only be one layer of GST, ie. 7%. Many businesses volutarily register for GST even if their annual turnover is less than $1m, just so they can claim the input tax offset.

Thank you, another Myth (GST compounding).......Busted......

[pirate]

3Boys:

pirate:

[quote=\"3Boys\"]In the typical supplier --> importer/wholesaler --> retailer --> consumer chain, with GST offset, how many layers of GST does the consumer incur?

In the typical supplier chain, they would all be GST registered and there will only be one layer of GST, ie. 7%. Many businesses volutarily register for GST even if their annual turnover is less than $1m, just so they can claim the input tax offset.

Thank you, another Myth (GST compounding).......Busted......[/quote]But I think she may be looking at it from the point of view of an investor/speculator in commercial properties, where such funny chains may occur. But I won't worry too much about the typical consumer.

[Irrelevant]

3Boys:

Now that I've read this again, I can't believe this rubbish you are trying to pass off as fact. Is there not a GST offset you can use?


Do you really know what you are talking about?

3Boys

You REALLY are patient (compared to me ). Happy New Year!

[3Boys]

Irrelevant:

3Boys:

Now that I've read this again, I can't believe this rubbish you are trying to pass off as fact. Is there not a GST offset you can use?


Do you really know what you are talking about?

3Boys

You REALLY are patient (compared to me ). Happy New Year!

Ha Ha! First time I've been 'accused' of being patient! Happy Lunar New Year too!

[pirate]

limlim:

Do you personally came across pple who are rejected LTP? how well do you know them? Do you know them well enough that they tell you truthfully everything including any previous convictions? (if any)


If you don't believe what I posted, so be it. I just share what I'm aware of. I do not need to convince you. I say as a matter of fact that the part is RED can be WRONG. I have seen cases before, stamp the passport every month, until get PR.

\"Sincerity\" I have already said. Wait patiently and stamp the passport every month, continue trying until they give. Why need to bring in nonsensical remarks like bribe the officer etc..?

Those who complain cannot get LTP, I doubt how honest or truthful they are. PR is strict, we know. But LTP, I doubt so.

Unless someone from ICA come out and said some nationalities are discriminated, I will not believe it.

Read this yourself and tell me again

http://news.asiaone.com/print/News/Latest%2BNews/Singapore/Story/A1Story20130115-395662.html

About 14.8% of applications (2,000 out of 13,500) by Singaporeans for LTVP for their spouses are rejected each year from 2007-2011. On the other hand only 7% of applications (300 out of 4,300) by PRs for LTVP for their spouses are rejected each year. On top of this, 4,300 spouses of Singaporeans are rejected for PR each year.

That is a lot of non-PR spouses. I seriously doubt that all or even a majority of them are offenders.

Don't take my word for it that it is a problem. Take his word.

http://hri-kumar.blogspot.sg/2012/03/foreign-spouse.html

[sunflower]

pirate:

Don't take my word for it that it is a problem. Take his word.

http://hri-kumar.blogspot.sg/2012/03/foreign-spouse.html

Hmm…this Marriage Pass suggestion seems to be quite a good idea.

[Sun_2010]

pirate:

Read this yourself and tell me again


http://news.asiaone.com/print/News/Latest%2BNews/Singapore/Story/A1Story20130115-395662.html

About 14.8% of applications (2,000 out of 13,500) by Singaporeans for LTVP for their spouses are rejected each year from 2007-2011. On the other hand only 7% of applications (300 out of 4,300) by PRs for LTVP for their spouses are rejected each year. On top of this, 4,300 spouses of Singaporeans are rejected for PR each year.

That is a lot of non-PR spouses. I seriously doubt that all or even a majority of them are offenders.

Don't take my word for it that it is a problem. Take his word.

http://hri-kumar.blogspot.sg/2012/03/foreign-spouse.html

I havent read the links here , nor am i on any side of this debate. Just that I love the stories that statistics weave, so a different prespective.

About 14.8% of applications (2,000 out of 13,500) by Singaporeans for LTVP for their spouses are rejected each year from 2007-2011.

This also means that 11,500 applications were granted for the spouses of Singaporeans

On the other hand only 7% of applications (300 out of 4,300) by PRs for LTVP for their spouses are rejected each year.This also means that 4,000 applications were granted for the spouses of PRs.

May the battle continue :siam:

[3Boys]

Quite an interesting read.....http://www.aware.org.sg/2013/02/awares-response-to-population-paper/