BanCoe Hypersonic July 6, 2022 Share July 6, 2022 1 hour ago, Volvobrick said: Horsey liao! I only trust and keep usd. 1.45 here we come! Then the cost of our imports will become even more crazy then even ....... U lucky got so much USD stash ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Volvobrick Supersonic July 6, 2022 Share July 6, 2022 1 minute ago, BanCoe said: Then the cost of our imports will become even more crazy then even ....... U lucky got so much USD stash Rest assured the ministries will continue to monitor the situation..... 4 Link to post Share on other sites More sharing options...
Wind30 Turbocharged July 6, 2022 Share July 6, 2022 13 hours ago, Fcw75 said: Jamus Lim and Alvin Tan spar over response to cost-of-living issueshttps://www.straitstimes.com/singapore/politics/jamus-lim-and-alvin-tan-spar-over-response-to-cost-of-living-issues Jamus Lim suggestion of raising cpf interest rate by 2% for 6 months is crazy….. I watched his entire speech and his suggestion goes against his own speech of wanting the support measures to be targeted. Raising cpf interest rate is errr targeting the rich…. Xiao. Why give people with lots of cpf more money? sometimes u cannot make such stupid mistakes in parliament…. 3 Link to post Share on other sites More sharing options...
Vratenza Supersonic July 6, 2022 Share July 6, 2022 1 hour ago, Volvobrick said: Rest assured the ministries will continue to monitor the situation..... yeah.... 1 1 Link to post Share on other sites More sharing options...
Kyrios Turbocharged July 6, 2022 Share July 6, 2022 https://www.msn.com/en-sg/news/singapore/hawkers-say-rent-was-doubled-after-tampines-coffeeshop-sold-for-dollar416-mil-can-they-survive/ar-AAZfamm?ocid=iehp&li=BBr8Cnr Anyone surprised? 1 Link to post Share on other sites More sharing options...
BanCoe Hypersonic July 6, 2022 Share July 6, 2022 49 minutes ago, Wind30 said: Jamus Lim suggestion of raising cpf interest rate by 2% for 6 months is crazy….. I watched his entire speech and his suggestion goes against his own speech of wanting the support measures to be targeted. Raising cpf interest rate is errr targeting the rich…. Xiao. Why give people with lots of cpf more money? sometimes u cannot make such stupid mistakes in parliament…. It would be silly …… Need of the hour is rising cost of living and he is talking about higher returns on retirement ; Anyways MAS also can’t prop up the SGD when the basket of currencies have fallen badly …… The worst is yet to come (sorry for being a pessimistic) ……. But like before mankind picks himself up 1 1 Link to post Share on other sites More sharing options...
Vratenza Supersonic July 6, 2022 Share July 6, 2022 10 minutes ago, Kyrios said: https://www.msn.com/en-sg/news/singapore/hawkers-say-rent-was-doubled-after-tampines-coffeeshop-sold-for-dollar416-mil-can-they-survive/ar-AAZfamm?ocid=iehp&li=BBr8Cnr Anyone surprised? Hand itchy go calculate the GST involved in this transaction: $2,917,600. Thank you for contributing to nation building... Wonder who are the real losers in this deal... 2 Link to post Share on other sites More sharing options...
bsswan 6th Gear July 6, 2022 Share July 6, 2022 9 minutes ago, Vratenza said: Hand itchy go calculate the GST involved in this transaction: $2,917,600. Thank you for contributing to nation building... Wonder who are the real losers in this deal... GST in a business transaction? Stamp Duty etc. yes, but I don't think there is also GST. Link to post Share on other sites More sharing options...
inlinesix Supersonic July 6, 2022 Share July 6, 2022 3 minutes ago, bsswan said: GST in a business transaction? Stamp Duty etc. yes, but I don't think there is also GST. This is a sale of coffeeshop. If seller is GST-registered, there is GST involved. Link to post Share on other sites More sharing options...
inlinesix Supersonic July 6, 2022 Share July 6, 2022 14 minutes ago, Vratenza said: Hand itchy go calculate the GST involved in this transaction: $2,917,600. Thank you for contributing to nation building... Wonder who are the real losers in this deal... If buyer is a GST-registered entity, this amount will be recouped from IRAS. Link to post Share on other sites More sharing options...
bsswan 6th Gear July 6, 2022 Share July 6, 2022 Just now, inlinesix said: This is a sale of coffeeshop. If seller is GST-registered, there is GST involved. Yes, but end of quarter a company's GST balance is set to zero by either a payment or refund. Link to post Share on other sites More sharing options...
inlinesix Supersonic July 6, 2022 Share July 6, 2022 1 minute ago, bsswan said: Yes, but end of quarter a company's GST balance is set to zero by either a payment or refund. It is a cash flow thing. The seller has to pay the buyer an upfront GST amount. After that, seller will recoup from IRAS. The amount recouped will not be equivalent to the amount paid. Link to post Share on other sites More sharing options...
bsswan 6th Gear July 6, 2022 Share July 6, 2022 45 minutes ago, inlinesix said: It is a cash flow thing. The seller has to pay the buyer an upfront GST amount. After that, seller will recoup from IRAS. The amount recouped will not be equivalent to the amount paid. Nett Zero. Timed correctly, there is only a few weeks to wait between out and in. Either way, my cases are much, much smaller. 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 6, 2022 Share July 6, 2022 The person that bought the $1m HDB flat in MP has to buy a lot of stamps hor. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 6, 2022 Share July 6, 2022 Isn't inflation caused by rich people buying expensive things like cars and houses? Poor people don't contribute to inflation because they only buy cheap things. Increasing interest rates always target the rich people so they keep their money in the bank and don't spend it. 1 Link to post Share on other sites More sharing options...
Wind30 Turbocharged July 6, 2022 Share July 6, 2022 17 hours ago, BanCoe said: It would be silly …… Need of the hour is rising cost of living and he is talking about higher returns on retirement ; Anyways MAS also can’t prop up the SGD when the basket of currencies have fallen badly …… The worst is yet to come (sorry for being a pessimistic) ……. But like before mankind picks himself up which is actually quite disappointing to me as I was hoping Jamus/WP will do well. A policy of increasing CPF interest rate for 2% for 6 months will do absolutely nothing but add more money to CPF rich people.... it is so obviously stupid and yet it was suggested in Parliament. I just don't understand. 1 Link to post Share on other sites More sharing options...
Kopites Supersonic July 7, 2022 Share July 7, 2022 2 hours ago, Wind30 said: which is actually quite disappointing to me as I was hoping Jamus/WP will do well. A policy of increasing CPF interest rate for 2% for 6 months will do absolutely nothing but add more money to CPF rich people.... it is so obviously stupid and yet it was suggested in Parliament. I just don't understand. From another perspective. I will park more in cpf than to spend it. Lower demand lower the costs. Valid argument?🤔 Don't seem right. Never mind. 😁 2 Link to post Share on other sites More sharing options...
Kopites Supersonic July 7, 2022 Share July 7, 2022 (edited) The proposed increase of 2%in cpf will lead the way for increase in bank deposit rate. If we cannot effect the supply chain due to global factors than we should reduce demand. Increasing saving rate might be a way to reduce demand. My view. Edited July 7, 2022 by Kopites ↡ Advertisement Link to post Share on other sites More sharing options...
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