Elections coming !!

Losses needed to be plugged...aging population has annuities that need to be paid out...so, how?

Need to raise money!!

But, since GST hikes, more ERP gantries, and income tax increases are really unpopular (elections coming!!), and recognising they cant take more money from citizens (elections coming!!) without suffering at the polls (elections coming!!)....

They decided they'll take the money from corporates (elections coming!!)

And to ensure the money flows back into their various programmes....guess what? This 1% increase, is going into an account the citizens cant utilise till they're dead!!

And for that, priceless!

Worth every million they're paid.