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Vote BN in, then you get GST!

GST steals money

7% GST does not mean you only pay 7% for a service or product. 7% is taxed on every step of the supply chain, let me give an example, chicken egg.

Poultry farm -> Wholesaler -> Hypermarket -> Retailer -> Egg used in the Mamak stall

The GST collected from the egg in roti canai eaten by you at a mamak stall is 31.08%.

The price hike for chicken egg compared to current sale tax imposed on poultry farm is 21.08% [31.08%-10%].

BN government is very smart, they give poor rakyat RM500 BR1M in right hand, and they collect from every rakyat RM1,000 in left hand.

The net losses for poor family is RM1000 multiply number of family members minus RM500.

For a normal 5-member family, total GST tax collected from the family is RM4,500.

GST implementation to add RM27bn to national revenue

KUALA LUMPUR, May 17 (Bernama) — Malaysia will be able to rake in an additional income of up to RM27 billion if the proposed goods and services tax (GST) is implemented at seven per cent, similar to neighbouring Singapore.

Minister in the Prime Minister’s Department, Datuk Seri Idris Jala said the new taxation mechanism can guarantee additional revenue of RM20 billion to RM27 billion, at maturity.

“At maturity, is when, every Malaysians starts to contribute towards the GST. It must be implemented as soon as Malaysians are ready to accept the mechanism,” he added.

Speaking at the forum, “GE13: What it means for business?” here today, Jala said education on what the GST is all about and how it benefits the country’s economy is very important, as well as for Malaysians to understand and accept the taxation mechanism moving forward.

He also said the GST will provide extra funds for the government to spend on the well-being of Malaysians, according to what was promised in the Barisan Nasional’s manifesto, before the 13th General Election.

“Even though a new tax is being introduced, Prime Minister Datuk Seri Najib Tun Razak had committed to reducing corporate as well as personal income tax. “This shows that the government wants a balance in every move that it makes, whether economically or politically,” said Jala, who also heads the Performance Management & Delivery Unit (Pemandu).

Meanwhile, he denied claims that the pre-election promises made by the government, will increase the debt to gross domestic product (GDP) ratio, from the current 53 per cent.

He said the government is committed to maintaining its debt at well below the 55 per cent debt to GDP ceiling that it had set before this.

“At the World Economic Forum in Davos, when I proposed this Malaysian mechanism of keeping 55 per cent as a ceiling for debt to GDP, many world economists and leaders said it was impossible.

“This is because Malaysia is very unique for still having its debt below 55 per cent,” Jala said, adding, as examples countries such as Singapore (100 per cent debt to GDP ratio), United Kingdom (80 per cent) and France (81 per cent).

While claiming the 2020 high-income nation goal can be even achieved two years earlier, due to extensive government and private sector economic efforts, Jala said Malaysia is on track to report a budgetary surplus by 2020.

He said for the past four years with Najib as premier, the country’s budget deficit had shown significant decrease year-on-year, and gave an assurance that the track record would continue.

“Last year, it was 4.5 per cent, and this year we expect it to decrease to four per cent. With all the efforts being taken, I am very sure the day will come when we can report the budget surplus.” he added.

On the government’s role in business, Jala said it would gradually move out of more businesses this year and in the future.

Through the Government’s Role in Business (GRIB), he said the government had already pared down or even phased out its stake in 13 companies, from the 33 entities identified by Pemandu to do so.

“We are having monthly meetings on this chaired by the prime minister and attended by all the related company chiefs.

“The government intends to exit its role in business. But it can never be done in one day. There will still be businesses that the government has a role, due to the importance of it in the daily lives of Malaysians,” Jala added.

The nkkhoo.com comment board with Facebook account.
Janet says:

国际包裹邮费暴增四倍,大马邮政激怒网上业者。
投票给国阵继续执政的选民,可曾后悔了???

大马邮政公司(Syed Mokhtar)自5月15日开始调涨国际包裹邮费,激怒以从事网上贸易为主的网民。他们申诉,如今支付国际包裹邮费,比过去高出4倍。

根据一些到邮政局询问的网民,大马邮政公司之所以调涨价格,是为了要支付汽油开销。

该公司调涨国际包裹邮费,凡是任何少于1公斤,寄到欧洲国家的小包裹,过去只是收费RM15,现在却统一收费高达60令吉!简直就是打抢!!!

Janet says:

GST 7% 后,接着来的是….大选前耽搁了的那个12% 电费?
国阵一步一步同人民算账。
这就支持他们执政的人的代价。支持反对的人民跟着受苦。。

要感谢!谢谢!国阵支持者!谢谢你们的大礼!!
希望你们的后代以后全部可以到国外!!男的做外劳!女的做女佣!!!

nkkhoo says:

AES re-kick off to collect indirect tax from the motorists and enriching UMNO cronies.

Go download AES app to your smartphone to alert you the locations of AES camera.

saravanan says:

Lower petrol price and no toll on highway?

Yet people opted for Barang Naik!

JJ says:

Kerajaan Minoriti 46% BN memang Akujanji penipu!
Kutipan GST boleh mencecah RM 27 Billion setahun – Idris Jala

Ini bermakna 27 juta rakyat malaysia wajib membayar paling minima RM 1000.00 setiap seorang, atau RM 2.75 sen sehari.

BR1M – u give rm 500, then u steal from the pockets of the people rm 10 hundred, great thoughts!

JJ says:

Well, the 47% who voted BN wanted barang naik.

Now everyone pays tax!