Change for change’s sake?
The Chinese who have for years grumbled about being the group that bore the greatest burden for taxation in Malaysia have now abnormally rejected the GST which make every consumer, regardless of race, of certain goods and services, pay 6 sens to every ringgit spent (with exception of fresh food, etc, – see follows).
KTemoc Konsiders
FMT – Don’t change everything for the sake of change by G25 (extracts):
G25 would like to state that while we welcome the wide-ranging reforms and social oriented programmes outlined in the PH manifesto, we are also concerned over the proposals to abolish the GST and reinstate the fuel subsidies as these will have a negative impact on the federal budget.
Although the manifesto mentions that the PH government will manage public finance with prudence and transparency to minimise wastage and abuse, nevertheless, the proposal to abolish the GST, in favour of its predecessor, the sales and services tax (SST), which Malaysia and many countries have found to be a less efficient way of taxing consumption, will have a negative impact on government revenue and make the budget deficit more difficult to control.
The country has been running on a budget deficit for several years now. The deficit situation has improved since the implementation of the GST in April 2015. This consumption tax serves as a useful buffer against the ups and downs of the economic cycle and should therefore be retained to keep the revenue system strong. […]
Changing everything for the sake of change is not wise. […]
It is the reforms on both the economic and structural fronts focusing on checks and balance in a parliamentary democracy that will ensure good governance to secure long-term sustainable and equitable growth with social and economic stability.
This is the problem of toxicity in Pakatan politics ever since it has been hijacked by the most non-reformist most oppressive and most profligate person in our political history.
