Economy / Singapore
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Tax Changes Will Increase Competitiveness
April 2007 | Economic OutlookSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: The government has unveiled an expansionary budget for FY07/08, the result of a compensation package meant to alleviate citizens from an increase in the goods and services tax which comes into effect in July 2007. Official forecasts place the shortfall at SGD0.7bn, an improvement over the estimated SGD1.3bn deficit accrued in