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.
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.