• 2007 date for new consumption tax
  • K Kabilan
  • 1094819973
  • A new single consumption tax - the Goods and Services tax (GST) - will be introduced by the government beginning Jan 1, 2007 to replace the existing sales tax and services tax.
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    • New policy to cut reliance on foreign labour
    • Gov't targets 7% growth, highest in four years
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    • Low-income group not burdened
    • Very high foreign reserves claim