QUOTE(icemanfx @ Jun 12 2013, 12:08 AM)
Australia introduced GST in 2000 and GDP growth rate in 2000 was?
http://www.gstaustralia.com.au/
http://www.tradingeconomics.com/australia/gdp-growth
U.K. introduced VAT in 1973 and GDP growth rate in 1973 was?
http://www.independent.co.uk/news/a-brief-...at-1593926.html
http://www.tradingeconomics.com/united-kingdom/gdp-growth
Singapore introduced GST in 1994 and managed to knock off a few % of GDP growth in the middle of East Asia economy boom.
http://www.iras.gov.sg/irasHome/page04.aspx?id=1852
http://www.tradingeconomics.com/singapore/gdp-growth-annual
Perhaps you could enlighten us why introduction of GST in Malaysia won't knock off a few % from GDP growth? If GST is 7%, how it won't effect the economy or send the economy to recession even if briefly?
When you want to express something, don't ask people question, just state down your fact lah. No confident in your own answer, is it ?http://www.gstaustralia.com.au/
http://www.tradingeconomics.com/australia/gdp-growth
U.K. introduced VAT in 1973 and GDP growth rate in 1973 was?
http://www.independent.co.uk/news/a-brief-...at-1593926.html
http://www.tradingeconomics.com/united-kingdom/gdp-growth
Singapore introduced GST in 1994 and managed to knock off a few % of GDP growth in the middle of East Asia economy boom.
http://www.iras.gov.sg/irasHome/page04.aspx?id=1852
http://www.tradingeconomics.com/singapore/gdp-growth-annual
Perhaps you could enlighten us why introduction of GST in Malaysia won't knock off a few % from GDP growth? If GST is 7%, how it won't effect the economy or send the economy to recession even if briefly?
And I can't find what you are trying to express in your link. Beside the lack of knowledge in property, economics, taxation, no you show that you can't even read and properly present your points
I will give you in point form so you will find it easier to understand
1. Australia introduced GST in 2000. Australia is not in recession for the past 21 years http://www.huffingtonpost.com/2013/03/06/a..._n_2818610.html
2. Singapore introduced GST in 1994. The GDP growth rate for 1995 is nearly 9% http://www.unesco.org/most/apmrnw13.htm
"As an indication of the level of Singapore's economic growth, it may be noted that real GDP grew by nearly 9 per cent in 1995" - middle of 2nd para
3. Having the above examples, I will not be so naive to conclude that GST is the contributor to economic growth/preventive measure of recession. GST is a fiscal policy, and of course it will affect the economy. But you can't say GST will bring recession or create economic growth. Saying so will expose you are shallow and know nuts about economics
4. UK introduce GST in 1993. UK went into recession in 1994 for about 2 years. But so are most countries around the world during that period. The reason for the worldwide recession in 1973-1975 is because of the infamous oil crisis. That crisis alone is a subject you can write a thesis on and got yourself a PhD
5. The are many cycle of economic recession and boom. Just because a country implement GST in the preceding year of recession does not prove GST is the smoking gun. The same applies when GST is introduced this year, and the next year is economic boom --> you cannot say GST brings benefit to ecnonomy
6. Just like I can't say I start working in 1997. 1998 is Asia financial crisis. So you accuse me of start working in 1997, and caused the Asian financial crisis
7. Recession and fluctuation in GDP is not the same thing. The definition of recession is 3 consecutive -ve GDP growth
8. The economy is the government's report card. If GST will cause the economy to go into recession, no government will implement GST. Easy to understand, unless you are really a kindergarderer
Jun 12 2013, 08:22 AM

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