Taken from http://www.channelnewsasia.com/stories/singaporelocalnews/view/241058/1/.html
SINGAPORE: The Goods and Services Tax will be increased to 7 percent, up from 5 percent presently.
This was announced by Prime Minister Lee Hsien Loong in Parliament on Monday.
Mr Lee said the hike is necessary to finance the enhanced social safety nets, which are needed to help the lower income group.
I LOL-ed at that last statement.
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