GST

Goods and Services Tax. What is it?

In a layman's terms, it means, all goods & services are subjected to tax. Which ultimately means, there should be an increase in the prices of all goods and services. Which also means, some of our hard working money will be ultimately 'returned' to the authorities.

We have income tax. Then the RPGT and now GST? Wow.....1 Malaysia. Yey!!!

So what will happen to the average income earners in the country? I would assume that there will be a lot of unhappy Malaysians once GST is implemented. I doubt whether the higher income earners would complain as the numbers will be insignificant to 'em. What will happen to the purchasing power (if at all that some of us have) of the average income earnerS?

Some of us couldn't afford to buy our own house and now with all this coming up, it is quite frightening to think about what the future holds. Whatever measly sums that we earn it seems to be taken back by the authorities.

How are the small time business people are gonna do their business with the introduction of this GST? How will it affects the consumers? How do businesses attract consumers? Prices wil go up that's for sure! Surely, some will complaint why are we paying the services tax for if the services are not acceptable?

there's a saying, the rich will get richer and the poor will get poorer. I guess, it is very true in this dog-eat-dog environment.

Hrmmmmmmmm..........