PETALING JAYA: Several leaders from both sides of the political divide have supported calls by economists for the unpopular Goods and Services Tax (GS...
Several leaders from both sides of the political divide have supported calls by economists for the unpopular Goods and Services Tax to be reimplemented to invigorate the country’s economy.
“In practice, if the revenue from GST was to be that high, it would be very difficult to find an alternative method that could generate that much revenue.theSunTan said the government should consider bringing back GST at a rate of between 2% and 3% before increasing it gradually. Parti Pribumi Bersatu Malaysia policy and strategy bureau chief Datuk Rais Hussin Mohamed Ariff said the proposal by economists should be considered by the government. However, he said the return of GST was highly unlikely considering its abolition was one of Pakatan Harapan’s main election promises.
“In the coming budget, there is not much that can be done to help improve the economy if they continue to be in denial of the economic fundamentals that was built and arranged by the previous government,” he said.
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