It is obvious many Malaysians do not understand or have been duped into believing the GST is an accumulative tax system.
I obtained this extract from Malaysiakini 'Yoursay':
Zekir Naik Kunta: Before Goods and Services Tax (GST) was introduced, many goods had sales tax exemptions.
But with GST, there is an additional cost of 6 percent applicable to all products, and depending on the number of distributors to end user in the distribution chain, the consumer would end up paying about 12 to 24 percent in cumulative taxes.
What about other factors? The cost of employing an accounts officer or outsourcing the job to accountants to do the GST accounts is an additional few thousand ringgit, as the GST law is barbarous.
And since traders are also end users for products we buy for personal use, we are also paying GST. So we have to mark up prices by 30 percent as subsidies for petrol and others have been removed, to compensate for our additional costs. It's, therefore, better to remove the GST.
I feel sad for big families, especially during the year end when families go shopping for school bags, shoes and so on, because of the GST they have to pay. It's no use having BR1M, as the GST amounts to more than what the government gives.
An average family would end up paying approximately RM3,000 in GST a year, so what the right hand gives as BR1M, the left hand takes more than double in the form of GST.
When the country was without GST, there was lower cost of living, and the government gave many subsidies. It's only now with so much corruption that the government has to resort to GST.
Zekir Naik Kunta: Before Goods and Services Tax (GST) was introduced, many goods had sales tax exemptions.
But with GST, there is an additional cost of 6 percent applicable to all products, and depending on the number of distributors to end user in the distribution chain, the consumer would end up paying about 12 to 24 percent in cumulative taxes.
What about other factors? The cost of employing an accounts officer or outsourcing the job to accountants to do the GST accounts is an additional few thousand ringgit, as the GST law is barbarous.
And since traders are also end users for products we buy for personal use, we are also paying GST. So we have to mark up prices by 30 percent as subsidies for petrol and others have been removed, to compensate for our additional costs. It's, therefore, better to remove the GST.
I feel sad for big families, especially during the year end when families go shopping for school bags, shoes and so on, because of the GST they have to pay. It's no use having BR1M, as the GST amounts to more than what the government gives.
An average family would end up paying approximately RM3,000 in GST a year, so what the right hand gives as BR1M, the left hand takes more than double in the form of GST.
When the country was without GST, there was lower cost of living, and the government gave many subsidies. It's only now with so much corruption that the government has to resort to GST.
This will be the general view of GST, a 'fake news' view like GST-ed kembong and kerang, that will prevail until the public is better informed.
| Image may be NSFW. Clik here to view.  |
only bullshit is GST-ed, wakakaka |
