Posted on 7 October 2013 - 07:20pm
WE refer to "Anwar warns of protest against GST" (News Without Borders, Oct 7). What is there to protest?
What is wrong with the goods and services tax when more than three fourths of the world has implemented it. They cannot all be wrong?
Malaysia has an extremely low percentage of personal income tax contributors – as low as 5% (1.4 million) of Malaysians pay income tax.
For some reason, Petronas contributes as much as a third of the federal government revenue; that is not healthy. International rating agencies have warned us that our sovereign rating will be downgraded if we continue with our old ways; that is spending (especially on subsidy) beyond our means.
Let's be rational with our spending and broaden our tax base. Other than essential goods and services, let's chip in and pay our due.
Philip Wong Pak Ming
President
Kuching Canadian Graduates' Association
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