.wah! more tax.

In less than 18 months from now, Malaysia will join the long list of countries which have a consumption tax, such as the UK, Indonesia, New Zealand, the Philippines, Canada, Singapore, China, Thailand, Australia and most recently, India. Are you ready?

The proposed goods and services tax (GST) is a generic term similar value-added tax, or VAT, which Malaysia will introduce in January 2007.

Ernst & Young Tax Consultants Sdn Bhd says the GST is not likely to be more than 5% as the Government wants to ensure its reduced impact on the man in the street.

Its executive director Bhupinder Singh said for a start, it should not be more than the current service tax which is 5% and sales tax which ranges from 5 to 25%.

MCH, the price of petrol keep going up and the UMNO youth Division wants to amend the NEP so that the Bumiputras can get 30% share of the country's wealth. Now, they want to impose the GST tax. wahlau, my pay haven gone up yet leh!

MCH. I work part time only lor, don't think my income can even cover petrol and food next time. what about bills and rental and my needs! MCH!

increase the government servant's pay also lar! they are always underpaid, overworked and overemotional! cheebye! damn sad with this country now.

some more politicians keep fighting each other. (think Mahathir and Rafidah.) who will win?

let's place our bet. i think the bookies have the odds laid out already.

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July 29, 2005


Wingz said…
Eh kimmy wanna ask u har ... do you know what GST stands for anot ?
Jimmy Ang said…
Goods and Services Tax
Jimmy Ang said…
if you want to learn more, go to jeff ooi's blog as linked in the quote
Wingz said…

the coorrect answer should be : GO SQUEEZE THEM (GST)


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