It was therefore a surprise that Abe announced last week that Japan’s consumption tax will increase to 10 per cent from Oct 1. But Tun Dr Mahathir Mohamad’s recent warming up to the possibility of reintroducing the goods and services tax, or GST, portends a similar move in the future. In line with its election manifesto, the Pakatan Harapan (PH) government lost no time in revoking the controversial six per cent GST. The previous outcry over the GST was a result of public anger that more taxes were being collected amid poor governance. This would suggest a rate that is half that of the previous rate.
Source: New Strait Times October 07, 2019 16:07 UTC