00:00Prime Minister Anwar Ibrahim made the right decision
00:04on goods and services tax because it is not suitable to be implemented again in the current economic situation.
00:11Economy analyst Jocelyn Williams said,
00:14if GST is implemented now, it has the potential to add burden to low-income groups.
00:21She added, if GST is reintroduced,
00:24the people will face an increase in tax burden of RM700 per individual,
00:30while proving that GST does not give benefits to ordinary people.
00:35Williams said, businesses may support GST
00:39because they do not have to bear the tax costs,
00:42on the contrary, they can demand it back.
00:45Meanwhile, Abu Sofian Yaakob from the University of Malaysia, Kelantan,
00:49said that if the government wants to implement GST again,
00:53it needs to start at a low rate of 2-3%
00:58and can be increased gradually after 3-5 years.
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