QUOTE(dreamer101 @ Sep 9 2015, 01:00 AM)
burnthome,
I disagree. THE GOVERNMENT will increase GST but not the personal income tax.
It is VERY SIMPLE.
1) Economy is going down. People's income are lower. So, increase personal income tax will not increase income to THE GOVERNMENT.
2) It is HARDER to collect more money from people with high income.
<<they cannot increase GST again less then 1 year...>>
No, that will be not an important consideration. In fact, THE GOVERNMENT will increase GST as soon as possible in order to avoid increasing GST right before general election. THE GOVERNMENT will freeze GST 6 months to 1 year before general election. If you do the calculation, there will be a GST increase in 2016 if not sooner.
Dreamer
Dreamer,
You should understand as lowest taxpayer is RM 2500 and this so called low middle class is needed to compensate. As overall, an average city earners will be between RM 3000 to RM 5000 and if Government increasing the tax, IRD will getting its money on top of GST.
Further, Government still can adjust its taxation structure and charging higher with multiple level if you have surpass certain level. Taxation structure can be good to the lowest taxpayer but it will be bad to the middle and high earners.
I can't see any GST increase at the moment where complaint and problem is still happened. System for retailer is just only implement and I cannot see any change as the cost will be incur and investor will complain. This is not reasonable move to increase the GST, last implement GST is already mark to 6% and it is high charge of this tax.
Have a good day.
Sep 9 2015, 12:53 AM
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