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GST is no cure for Malaysia's financial malaise

MP SPEAKS The proposal to impose the Goods and Services Tax (GST) is a direct result of the BN-led administration's waste, extravagance and leakages.

Idris Jala, the Minister in Prime Minister's Department, has issued a statement to strongly support the implementation of the GST as a panacea to the persistent deficit and increasing debt which Malaysia suffers today.

The Association of Chinese Chambers of Commerce has also issued a statement of support on the condition that the income tax rates are concurrently lowered.

This condition will sit well with Idris, as he stated that "...if we don’t widen the tax base, there is absolutely no room to cut income taxes further".

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