PAS moots taxing share trade, corporate deposits to replace GST

Modified 20 Oct 2016, 7:44 am

PAS has proposed introducing taxes on profits made from share trading and corporate deposits, to replace the regressive goods and services tax.

The party claimed this would bring in an estimated revenue of RM51.5 billion, surpassing revenue from GST.

It made this proposal in its Dokumen Hijau (Green Document), a document detailing the Islamist party’s proposed solutions to economic issues caused by GST, currency devaluation and rising cost of living.

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