Tax Me More
BLT - it's not just Bacon, Lettuce and Tomatos.
The recent hike in the Goods and Services Tax did not stop our Garment from wanting more. The latest from the Palarment debate is to introduce yet another tax on top of the GST known as the Bo-Laksa Tax. The BLT will be introduce in 2008, on all income given to the employees. The BLT will be deducted from the payroll directly, any money that is deposited to the employee from payroll shall be liable for BLT. The debate is on whether BLT will be in the 1-3% range or higher.The Garment cited that the tax is inevitable as the higher wages/bonuses of the high level officials need to come from somewhere, and BLT will serve that need.
Immediately after the news of the debate has been circulated, prices of Bacon and Tomatos surged. It is unknown why Lettuce prices remained unchanged.
By the England No Velly Goot Repotter.
Monday, October 22, 2007
Garment to introduce BLT
Posted by Wo Ai Ni at 4:25 PM
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