Mahathir selling snake oil SST

FMT - Agong’s remark was just a joke, says Dr M(extracts):

your son should be OK, now for my son 

Mahathir said the Agong’s speech today had asked Malaysians to be moderate and to show consideration towards others. [...]

On criticism of the sales and services tax rate of 10% for sales and 6% for services, he said people did not need to pay if they were not purchasing items.

“Compared to the GST (goods and services tax), it is a value-added tax. Whether a person buys items or not, the price of goods will increase.”

Mahathir's wisdom or chong?

SST is better than GST ???

According to the cunning man:

SST - people did not need to pay if they were not purchasing items

GST - price rises whether people buy or not - why not "people did not need to pay if they were not purchasing items"

What shit difference is there between buying a SST-ed and a GST-ed item??? Mate, SST at 10% will carry 4% higher prices than GST-ed items.

What fCk-ing new-manmanlai bullshit.

The truth is whether items are SST-ed or GST-ed (except for those items exempt from GST**), people will need to pay if they are purchasing items.

With GST people pay 6% but with SST people pay 10%. No change in service tax - both are at 6%.

Therefore you will be paying a HIGHER price for SST.

And the disappointing omission of information for the gullible guppies has been that the GST system was more transparent than the opaque SST system.

** Goods and services that were previously not taxed by GST:

- Livestock, fresh and frozen meat/fish:

* Livestock including cattle, buffalo, pig, sheep and goat; live chickens and ducks* Fresh and frozen meat* All kinds of live, fresh, chilled and frozen fish (except for fish for ornamental use)

- Other kinds of water creatures:

* These include crustaceans (lobsters, crabs, prawns, shrimps), molluscs(oysters, mussels, cuttlefish, snails) and others such as sea cucumbers and jellyfish

- Eggs (chicken and duck eggs, fresh or salted)

- Fresh vegetables and fruits

- Spices and herbs

- Rice, flour, noodles, bread

- Cooking oil and condiments including sugar, salt, cooking oil, shrimp sauce, fish sauce and soy sauce.

- Coffee, tea and cocoa powder

- Baby formula (aged 0 to 36 months)

- Items in the National Essential Medicines List

* This covers 4,215 medicine brands for the treatment of major chronic diseases such as cancer, cardiovascular disorder, diabetes, hypertension, infertility.

- All types of reading materials and newspapers

- Public transportation

- Treated water for domestic use

- Electrical supply for the first 300 units (kwh) of domestic use

- RON95 petrol and diesel

- Postal services

- Medical treatment at hospitals and clinics

GST-taxable goods and services that will cost more as they were previously untaxed:

- Processed food items (e.g pre-marinated meat, fish and vegetables, canned food, fishballs, meat balls, bottled contiments, chocolates, biscuits)

- Kitchenware

- Clothing and foot wear

- Beauty and health products

- Toys and games

- Electronic gadgets including cameras, computers, laptops and mobile phones

- Pre-paid phone cards

- Concert and movie tickets

- Banking fees (e.g. loan processing, fund transfers, standing instruction services, cheque books)

- Consultation with GST-registered independent doctors

GST-taxable goods and services that will cost less

This refers to the goods and services that were previously subjected to the higher 10 per cent SST. These range from electrical appliances (e.g. television sets, refrigerators, air-conditioners, home theatre system, irons, hair dryers, electric fans), cars, consumer items (eg. soft drinks, imported fruits) to items like diapers, sanitary pad, Dettol, toothpaste and furniture.

For more information, go to http://goo.gl/MZCRDJ orhttp://goo.gl/fuxfQR

SOURCE: http://gstmalaysiainfo.com