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Tag: Income tax relief vs GST reduction

  • Why Reduced GST Means More Savings Than Income Tax Relief

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    When it comes to improving the financial well-being of citizens, governments often debate between reducing income tax or lowering the Goods and Services Tax (GST). While both approaches seem beneficial at first glance, their impact on your day-to-day spending, savings, and overall financial health can be very different. Many economists argue that lowering GST can…