DAP Sabah is disappointed with BN recent announcement that GST (Good and Services Tax) will be implemented after agreement from Business sectors.
Junz Wong, DAP Sabah state assistant secretary asked why is the government seeking for the business community's opinion when it is the rakyat that will be heavily affected?
Businesses will just easily pass on the burden of GST to the consumers when GST is implemented.
Junz refuted the claim by BN government that implementing GST would help cope with Government financial health index and boost economy growth.
Look at countries like France, Greece, Italy, Spain, etc, they all have implemented GST and what has happened to their economies today?
It is the government's failure in its economic policies and management/allocation of the nation's resources which cause the problems. Junz explained.
If this government were to continue its corrupt practices, cronyism and nepotism, even if it were to implement GST at 20 percent, it will still be useless except to lead Malaysia into quicker bankruptcy such as one faced by Greece.
Junz Wong who is also DAPSY KK assistant Youth Chief added GST is supposed to be about the state raising new revenues to boost its emptying coffers.
If GST comes on the back of an unreformed taxation system, it'll be massively unfair to the rakyat. BN has yet to even consider reviewing taxation system, which is supposed to go simultaneously with implementation of GST.
Without net income gains for Malaysians and a reformed taxation system, plus removal of other economic distortions, the cost burden on Malaysians will be enormously disadvantageous and inequitable.
Most Malaysians will be squeezed tighter with less purchasing powers, moving downwards towards the poverty brackets and poor will get poorer.
So people, you have heard it. BN government will implement without your opinions. Though BN has failed to mention the date as when GST would be implemented, there is no doubt that this will happen after the next general election.
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