Commentary
Long-term gains outweigh short-term pain of GST hike
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The new GST rate of 9 per cent is most likely to come into effect around July, according to most analysts.
ST PHOTO: KUA CHEE SIONG
SINGAPORE - Like most policy decisions, raising taxes is a trade-off between short-term pain and long-term gain.
And there is also no precedence of a tax being welcomed by taxpayers.