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The Singapore government has argued that reducing the rate of GST would benefit the wealthy more than the poor, as the bulk of GST is collected from foreigners and higher-income earners. In 2010, 84.2% of all GST paid was collected from foreigners and the top 40% of Singaporean households, while the bottom 20% of households contributed only 4% ...
In the 1959 general elections, the People's Action Party (PAP) swept to power with 43 out of the 51 seats in the assembly, and Lee Kuan Yew became the first prime minister of Singapore. The executive branch of the Singapore Government remained unchanged following Singapore's merger with Malaysia in 1963, and subsequent independence in 1965. The ...
In 1948, the first revenue stamps exclusively for use in Singapore were issued. Three values were issued - $25, $50 and $100 - and the stamps portrayed King George VI. The $25 and $100 were reprinted in 1951 and 1953 respectively using a different perforation. In 1954, these three values were reissued with the portrait of Queen Elizabeth II ...
Beginning in 2014, all new first-class, one-ounce stamps became Forever Stamps except for stamps sold in coils of 500, 3,000, and 10,000. There’s also a Global Forever Stamp for international ...
An international reply coupon (IRC) is a coupon that can be exchanged for one or more postage stamps representing the minimum postage for an unregistered priority airmail letter sent to another Universal Postal Union (UPU) member country. IRCs are accepted by all UPU member countries. UPU member postal services are obliged to exchange an IRC ...
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Upon approval from the Postal Regulatory Commission, USPS says the cost of first-class stamps will increase from 60 cents to 63 cents on Jan. 22. These proposed prices were approved by the Postal ...
After increasing the price of a first-class postage stamp to 68 cents in January, the U.S. Postal Service is planning to increase the cost again in the coming days.. The USPS will bump the cost of ...