GST will burden every M’sian by RM1,000 a year’

1:40PM May 22, 2013

Every Malaysian will be burdened by an extra RM 1,000 a year should the government impose a 7 percent Goods and Services Tax (GST) rate, Penang Chief Minister Lim Guan Eng has said.

He also said that the GST rate would make it easy for the federal government to hand out Bantuan Rakyat 1Malaysia (BR1M) of RM1,200 as it has promised, because the government stands to earn an extra RM5,000 from every household by implementing GST.

“BN will reap great profits while the rakyat who are of the lower income group will be the ones who will suffer losses,” he said in a statement today.