Long-term gains outweigh short-term pain of GST hike

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
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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.

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