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Economy

Singapore eyes tax hike as nations aim to refill COVID-hit coffers

Expert says 2022 is 'last window' for government to raise GST before elections

Singapore's Orchard Road shopping district: The government is looking to raise the 7% goods and services tax.   © Reuters

SINGAPORE -- Singapore's government is weighing a long-planned goods and services tax increase -- potentially setting an Asian example for countries looking to drum up revenue after the heavy spending of the COVID-19 pandemic.

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