Quantcast
Channel: KTemoc Konsiders ........
Viewing all articles
Browse latest Browse all 29062

Food for thought (1) - GST

$
0
0
For those Chinese who complain about being the major (principal) taxpayers in Malaysia, you should support the GST, because GST is like a dragnet which catches everyonewho buys 'goods' (taxable by GST*) and uses 'services' (taxable by GST).

* assuming some goods and services will be GST-exempt


GST dragnet

If you buy, say, bread, and bread is a GST taxable goods, say by 5%, then it doesn't matter whether you are Ibrahim Ali or char koay teow seller Lim Hock Chye who lives in Ayer Itam Penang, you'll be paying the same 5% per loaf of bread.

The government desperately needs more revenue and GST** is just great for this. And with GST, almost every Malaysian will share in the burden of national expenditure.

** only drawback of GST is 'services' will go underground to avoid the GST, so the government has to legislate severe punitive penalties and an effective surveillance-enforcement system for tax evaders, but which must be corrutpion-free wakakaka



So grumpy taxpayers, think about it, wakakaka.


GST dragnet


Viewing all articles
Browse latest Browse all 29062

Trending Articles