KUALA LUMPUR, Sept 13 The government will introduce the controversial goods and services tax (GST) only after the next general election, Prime Minister Datuk Seri Najib Razak said today.
I guess when the time is right, in the near future, probably after the next general election, we will introduce the GST.
We need to explain this to the people and there is a growing acceptance that this is the way forward for Malaysia, he said in a dialogue session with Forbes Media editor-in-chief Steve Forbes at a conference here.
Najib pointed out that GST was necessary because only 1.2 million Malaysians out of a workforce of 12 million were taxpayers.
Fearing a political fallout, the government has repeatedly postponed the implementation of the GST due to fierce political resistance. It was originally expected to have been implemented by the middle of 2011.
The GST is expected to help the government reduce the federal budget deficit and grow revenue by widening its tax base as currently only about 10 per cent of Malaysian workers pay income tax.
“Fearing a political fallout,…” <-- This shows they don’t care about the country but only their political power :shock: