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Title: GST : its implications on the various income groups
Authors: Sumathi Krisinasamy, Lim Poh Leng
Keywords: DRNTU::Business
Issue Date: 1997
Abstract: With the implementation of GST, the Singapore Tax system has undergone changes. Though various tax rebates and reliefs were presented to the public, GST has affected the consumers adversely. Hence, the objective of this report is to study the impact of GST on the various income groups. A survey was conducted to gather the responses of consumers of the various income groups regarding the various aspects of GST. A literature review of the Singapore Tax System and the changes made to the system with the tax reforms was also undertaken. The study on the general price level indicated that there was only a one-off price increase in the price level at 3.1% in 1994. In 1995 and 1996, the inflation rate was lower than 2%. As such, GST has minimal impact on prices.
Description: 102 p.
Rights: Nanyang Technological University
Fulltext Permission: restricted
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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