The case for reverting to GST

  • 📰 NST_Online
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 22%
  • Publisher: 53%

NSTopinion: So efficient was the GST that it brought in RM42 billion into government coffers in 2017. Contrast this with the expected SST collection of RM22 billion this year.

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

The Japanese economy is expected to grow a measly one per cent. Japan would therefore need all the private consumption demand that it could muster to prop up its economy.

That Abe had shown such fortitude despite the odds against his tax increase demonstrated his foresight that the consumption tax might have a salubrious effect after all on an economy that is only chugging charily forward, dented even further by slowing global demand. Introduced five years ago it was replaced with a 10 per cent sales tax on goods and a six per cent levy on services .

What is much admired about the GST is that it is an efficient system of taxation. Even our minister of finance once admitted it was so. It is efficient as it ropes in a larger segment of the consuming population into paying tax. Given generous tax exemptions, only two million, or six per cent of the population, pay any tax now.

The previous outcry over the GST was a result of public anger that more taxes were being collected amid poor governance.It has been tough on corruption and financial mismanagement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Now it's damn if you do, damn if you don't. If the gov reimplement it, inflation will go up like when GST came to be. If the gov don't do it, we're screwed. Either way we're screwed. Thanks Harapan.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

No current plan to bring back GST, says Dr MKUALA LUMPUR: The government has no plan to re-introduce the Goods and Services Tax (GST) at this moment, Prime Minister Tun Dr Mahathir Mohamad said today.
Source: NST_Online - 🏆 17. / 53 Read more »

Ahmad Maslan offers to be GST consultant to govt – for freeKUALA LUMPUR: Datuk Seri Ahmad Maslan says if Pakatan Harapan decides to revive the abolished Goods and Services Tax (GST), he will volunteer to be a consultant – free of charge. Oh mai gahdd...please don't~~~ So... meaning he doesn't want his MP salary anymore? Because consulting on government policy is already the job of a member of parliament.
Source: staronline - 🏆 4. / 75 Read more »

Mahathir asserts no restoration of GST in the worksThe prime minister says no study on the matter has been carried out.
Source: malaysiakini - 🏆 20. / 51 Read more »

Tiada perbincangan GST - PMKUALA LUMPUR 7 Okt. - Tiada sebarang perbincangan di peringkat Kerajaan Pakatan Harapan (PH) berhubung cukai barang dan perkhidmatan (GST). HAHAHA,, MUNGKIN LEPAS BELANJAWAN,,,ATOK NI BERLIDAHKAN BIAWAK,,
Source: UMonline - 🏆 27. / 51 Read more »

No plan to bring back GST, says Dr Mahathir | The Malaysian InsightPM says govt not studying any proposal towards that end. That's good news for ordinary people Shocking that Tun is giving conflicting views that caused confusion and denting PH's credibility furthur these days.
Source: msianinsight - 🏆 8. / 63 Read more »

GST: Laporan media tidak tepatSUBANG JAYA 6 Okt.- Perdana Menteri mendakwa bahawa laporan media mengatakan pihaknya mahu memperkenalkan semula cukai barang dan perkhidmatan (GST) tidak tepat. PH YG TAK MAJU TUDUH MELAYU, JIKA PH MAJU KNP NAK BUAT GST?
Source: UMonline - 🏆 27. / 51 Read more »