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Saturday, March 21, 2015

GST Shutting Down Family Businesses

Image result for GSTImage result for family sundry shop closing down


  • Another sundry shop to close with owner citing GST as the reason
  • old corner sundry shop at the junction of Jalan C. Y. Choy and Lebuh Presgrave in George Town, Penang, is closing soon with the owner citing the goods and services tax (GST).
  • Lim Eng Kooi, 77, said he decided to close his business as he was unsure he would be able to manage the business once the GST kicked in.
  • "The GST is the last straw for me. There will be so much to think about and at my age, I don't want the trouble," he said.
  • Just two days ago, another sundry shop owner in Air Itam also said he was shutting up shop too.
  • Moey Kok Meng, 68, said he decided to close his shop because he could not truly understand the new tax, how it worked and how it would affect his business.
  • He said he did not know how to operate a computer and had been running his business the old fashion way. He even counted his stock by hand.
  • a shame that old businesses that had survived challenges through the years were being forced to close because of the GST.
  • hardware, traditional medicine and sundry shops were feeling the pressures caused by the impending consumption tax.
  • headache coming from the GST that they are finding hard to deal with," 
  • no telling how many more small businesses in Penang would share the same fate 
  • examples of the GST harming the economy and killing off small businesses.
  • Will Federal government listen to the people's pleas and postpone the tax

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