`


THERE IS NO GOD EXCEPT ALLAH
read:
MALAYSIA Tanah Tumpah Darahku

LOVE MALAYSIA!!!


 

10 APRIL 2024

Thursday, July 11, 2013

Food for thought (1) - GST

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 everyone who 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

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.