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Friday, November 1, 2013

GST is the fairest form of taxation

Publication: NST
Date of publication: Oct 28, 2013
Section heading: Main Section
Page number: 019
Byline / Author: By Datuk Dr Hw Looi

W HEN I was a medical student more than 40 years ago in the United Kingdom, and value-added tax (VAT) was introduced, there were very few objections as the people realised that this was a very fair form of taxation.

For decades, first world countries have implemented goods and services tax (GST) or the similar VAT without any problem.

Any opposition to this tax system is political in nature.

In Malaysia, only about a million, or 3.4 per cent, of the 28 million population pay a significant amount of tax.

So, GST is the most fair form of taxation for the population and will enable every citizen to say, "I am a proud taxpayer of Malaysia", and to the politicians: "Do not mess with my tax money".

GST will not significantly increase the cost of living as all the essential items have a zero per cent GST.

It will provide a steady tax income and this will enable the government to spend more on the essential things.

Datuk Dr Hw Looi, Kuantan, Pahang

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