Time for GST

With the distraction of electioneering over, it is time for the federal government to look into implementing the GST.

A consumption tax is somewhat overdue.

There will be a reduction in corporate and personal income tax. The extent of the reduction is not known as yet. A reduction to a top rate of 18% will be welcomed by everyone.

Idris Jala has floated the view that a 7% GST rate, consistent with the rate in Singapore, will raise a projected RM27 billion in revenues.

Can Malaysia afford to defer GST any longer?

I think not.

It is time for the federal government to exercise its political will.