QUOTE(tehoice @ Jan 3 2024, 02:39 PM)
in 2024, you grow a kind heart. calm and zen.
new year new resolution. Spread more positive energies to the community.
QUOTE(tehoice @ Jan 3 2024, 02:47 PM)
meanwhile, in the western world and some parts of advanced economy in the east, you pay high taxes, even close to half of your earnings, but you get excellent, world class facilities, education, healthcare and so many others, some even provide you with allowance until your death.
we pay tens of thousands in taxes yearly and had to be treated as donation to whom we have no control over.
But in bid of increasing tax revenue collection, i still agree that gst is probably the best and fair tax system that can be put in place, but often the political instability renders this gst as a big taboo and no balls to implement.
GST of course is better, more transparent, lesser hanky panky to each & every layer..
But recently Ong Kian Ming & Tony Pua had a podcast and Tony Pua say the GST cannot lowered then 6%, because the GST collector will incurred higher cost than the GST collects...The same actually goes to E-invoicing from LHDN initiative, it'll also increase the compliance cost by the business operator and worst case, no actual revenues was collected from this initiative. Actually if E-invoicing works, so does GST....Therefore the re-implementation of GST is just a matter of time....Maybe after next election lol.