Anwar: No GST Reintroduction Until Minimum Wages Rise Significantly

[[{“value”:”

Prime minister Datuk Seri Anwar Ibrahim has stated that the Goods and Services Tax (GST) will only be implemented in Malaysia once the minimum income threshold, which currently stands at RM1,500, rises to between RM3,000 and RM4,000 per month. He revealed this while speaking at the 78th annual general meeting of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) during the weekend.

Anwar acknowledged that GST is an efficient and transparent tax system and would generate higher revenue for the government. However, he stressed that the needs of the lower-income population must be considered before introducing such a system, and it would be unfair to impose the tax at the current wage levels.

The prime minister drew comparisons with other nations that have successfully implemented consumption taxes only after ensuring their citizens enjoy higher income levels. He also stressed the need to combat corruption and political misuse before reintroducing GST, ensuring that the system operates fairly and transparently.

Anwar stated that for now, the government’s priority will remain focused on strengthening the economy, raising wages, and implementing reforms. Any future GST must align with principles of fairness and justice, safeguarding the interests of Malaysians, he added.

(Source: The Star)

The post Anwar: No GST Reintroduction Until Minimum Wages Rise Significantly appeared first on Lowyat.NET.

“}]]  

Spread The Word...

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

LATEST POST

VERSES AI Inc
VERSES AI Inc. Announces Closing of First Tranche of LIFE Private Placement Offering
VERSES AI Inc
VERSES AI Inc. Announces Upsizing of LIFE & Private Placement Offering and Closing of Special Warrant Private Placement
Ultimate Mobile Gaming Controller: Hall Effect Joysticks by 8Bitdo on Gadget Flow
Ultimate Mobile Gaming Controller: Hall Effect Joysticks by 8Bitdo on Gadget Flow
Trump Wins the U.S
Trump Wins the U.S. Election: Cryptocurrency Staking Market Primed for Significant Growth with STAKING AI at the Helm
Mission Produce® Implements Policy Addressing Illegal Deforestation
Mission Produce® Implements Policy Addressing Illegal Deforestation
BLVD United Named Official Streaming Partner for the 2024 Korean Grand Music Awards
BLVD United Named Official Streaming Partner for the 2024 Korean Grand Music Awards

CONTRIBUTE

Please contribute and support me to keep this website alive. Any BIG or small amount contributed is very much appreciated.

Thank you!