Monday, 1 August 2011

Malaysia's GST, A Must

Did you know that of all working Malaysians, less than 20% actually paid taxes. That is absolutely reprehensible. If you consume, you pay. There is too much grey economy living well without paying taxes. Owing to the netting effect, more businesses will have to produce revenue figures in order to get the net off effect. As things stand, if you want our salaries to rise, it is also important to remove stupid prohibitive taxes on certain consumption items such as cars. Any hike in salary will only be meaningful if we do not end up having to pay for the prohibitive "taxes" on cars. Technically speaking we are putting money into Proton's and Perodua's coffers - the government should really distribute free Proton and Perodua shares to all car buyers...

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