The much talked about Goods and Services Tax (GST) which has been implemented will be reviewed if Parti Keadilan Rakyat assumes power in the next general election.
Lembah Pantai MP Nurul Izzah when contacted by Astro AWANI said that the party would re-look into the GST bill which was passed at the Dewan Rakyat in 2014.
She said that the GST bill would grant the minister power to reduce the GST rate.
“That might be an avenue for us to look at,” she said if the opposition were to rule.
“There are also other tax mechanisms such as the CGT (Capital Gains Tax) and Inheritance Tax. Our focus will be to improve worker’s income and foster the economy with better wealth distribution,” she added.
When asked about the recent price hike following the implementation of GST, she said that the government had said that the price of many items would reduce upon its implementation.
Meanwhile, Batu MP Tian Chua said that the opposition had stressed that the country might face an inflation rate of between 20 to 30 percent should GST be implemented.
“It’s what we have said all along. Normally six percent will trigger 20-30% inflation.
“Such phenomenon has occurred in all countries introducing GST,” he said adding that inflation is an irreversible damage.
He also said that if they come to power, they will work towards improving an individuals income.
“Certainly we need to review GST. If we eliminate corruption and leakages, we shall have sufficient resources for welfare and development.” he said.
The Federation of Malaysian Consumers Associations (FOMCA) on Friday found out that many prices of goods and services have surged between 20 and 30 percent after the implementation of GST.
FOMCA’s recent assessment at the Kelana Jaya shopping mall looked into the regulatory compliance of traders on price tags, price positioning and receipts of payment, following the implementation of GST.
The prices were compared with the shoppers guide price list published by the Ministry of Domestic Trade, Cooperatives and Consumerism (KPDNKK).
Deputy President of FOMCA, Mohd Yusof Abdul Rahman said that they found that most of the price of goods has risen from 20 percent to 30 percent compared to the new price listing in the handbook.
Sathesh Raj
Sat Apr 11 2015
The opposition will work towards improving the income of workers and foster the economy with better wealth distribution.
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.