0:00 - THE BIG STORY
1:04 - ROUND-UP OF BUDGET 2022
Delivering his Budget round-up speech in Parliament on Wednesday (March 2), Finance Minister Lawrence Wong addressed opposition MPs’ objections to raising the GST rate. READ MORE: [ Ссылка ]
He said “it’s not true” that the hike hurts the poor, and the timing of the GST hike had been carefully considered. It could not be continually delayed, given pressing revenue needs.
Meanwhile, responding to MPs’ suggestions on alternative tax options to the GST hike, Mr Wong said a good mix of all three types of taxes - income-based, asset-based and consumption-based - is needed.
This is to ensure that Singapore’s revenue base remains diversified and resilient, while achieving its objectives of being fair and progressive.
He also explained why solely raising personal income taxes or property taxes will not be feasible.
6:21 - MORE ATTACKS ON KHARKIV
Meanwhile, more destruction happened in Ukraine’s second largest city, Kharkiv, where Russian airborne troops landed, sparking immediate and “ongoing” fighting. READ MORE: [ Ссылка ]
8:42 - RUSSIA CAPTURES KHERSON
In Ukraine, the Russian army claimed on Wednesday it had taken control of the southern Ukrainian city of Kherson as Moscow’s invasion of the pro-Western country entered its seventh day. READ MORE: [ Ссылка ]
“The Russian divisions of the armed forces have taken the regional centre of Kherson under full control,” defence ministry spokesman Igor Konashenkov said in televised remarks.
He claimed that public services and transport were operating as usual.
#thebigstory #parliament #budget2022
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