brosiss
Well-Known Member
Re: 6.9mil population in 2030 / PM Lee admits govt lacked foresight
One more, POSB is privatised with merger with DBS, so even your POSB is subject to corporate tax too.. hence the bank has to charge $2 maintenance fee to maintain profit.
For example, if you pay 100 cents taking bus, after expenses, SBS Transit, earn 30 cents, 20% corporate tax, is 6 cents to government, still got 7% GST leh. BTW, diesel price which SBS transit bought also contain fuel tax. So bus fare must increase to have higher SBS profit and higher tax income for gov.. Make sense now??
One more, POSB is privatised with merger with DBS, so even your POSB is subject to corporate tax too.. hence the bank has to charge $2 maintenance fee to maintain profit.
For example, if you pay 100 cents taking bus, after expenses, SBS Transit, earn 30 cents, 20% corporate tax, is 6 cents to government, still got 7% GST leh. BTW, diesel price which SBS transit bought also contain fuel tax. So bus fare must increase to have higher SBS profit and higher tax income for gov.. Make sense now??