Tuesday, June 30, 2015

GST and Rakyat

Free Malaysia Today reported that Jobstreet.com found that GST has tightened employees' daily allowances. For details read:

"90 per cent of employees struggling to make it under GST"
http://www.freemalaysiatoday.com/category/nation/2015/06/30/90-per-cent-of-employees-struggling-to-make-it-under-gst/

In my posting of 23 June 2015, the alleged RM42 billion accumulated debt of 1 Malaysia Development Berhad is equivalent of RM1,400 per rakyat. This sum is about 6% of GST paid to the purchase of goods and services worth RM23,333. Jobstreet.com's survey shows that the dire situation of ordinary rakyat is worse than anticipated.

Objectively, GST is a good measure to broaden tax revenue base. However, the Malaysian government has introduced it without a rigor examination by, constructive debate with, and feedback from the rakyat.

Even worse, quite a big proportion of rakyat think that GST is introduced in order to fill up the depleted government coffer which was caused by irresponsibility and unaccountable expenses by the Government. How long can this persist? There are millions of concerned rakyat on this question.

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