Published: Tuesday October 29, 2013 MYT 12:00:00 AM
Updated: Tuesday October 29, 2013 MYT 3:50:14 PM
KUCHING: The Goods and Service Tax (GST) is a policy that is com-prehensive and fair, said SUPP Central Youth chairman Tan Kai.
He explained that in a sense this would yield a highly transparent and stable administrative ma-nagement in taxation and more importantly, it would prompt consumers to spend wisely.
Tan Kai pointed out that when the 10% sales tax was replaced by the 6% GST, it would lower the manufacturing cost which in turn, could and would give the manufacturing industries greater ability to compete with others so that consumers would reap the benefits of a highly competitive market.
As expected, he said, many leaders from the Opposition fiercely criticised the tax policy for the sake of opposing.
He said their comments were destructive.
“A better equipped taxation policy will provide a fair platform for the manufacturing industries to compete, consumers will surely benefit in the end.
“Apart from that, the new taxation policy will inject a strong and stable income into our country’s finance, which will propel and speed up the government’s future planning and development programmes, making them more all-inclusive.
“These are all the things about GST which can benefit the industries and the people, but sadly some of the (Opposition) leaders chose not to mention that.
“Instead, they went all out spreading negativities to intoxicate the people’s mind.
“What their intention was, I leave it to your better judgment,” he said.
Tan Kai opined that GST could shape a new concept where all people would have a greater sense of belonging and participation in pursuing a better future for our country through collective responsibility, adding: “It doesn’t belong to any single group of people nor does it belong to any single party, ruling or not ruling.”
Therefore, he urged all Malay-sians to exercise wisdom and evaluate the pros and cons of the new taxation policy, not just listen to one side of the story.