Tuesday, June 30, 2015

6% too much?

Yesterday TMI told us About 90% of the Malaysian workforce can't cope with the additional expenses incurred following the implementation of the goods and services tax (GST), according to a recent survey by career resources site Jobstreet.com.

too much?

If you spent RM 20 a day, then with GST at 6% you'd be paying RM21.60.

If your personal monthly expenditure was RM1000 a month, you will now require RM1060.

Does it make sense that "90% of the Malaysian workforce can't cope with the additional expenses"?

90% of Malaysians?

13 comments:

  1. what kind of the 'brilliant' thinking of a top echelon of the economic level cake, who resides in Oz & talking cockeros about M'sia!

    u most probably DONT realise that majority of the working M'sians r 月光族 - meaning always pocket-empty-comes month-end! These people r already struggling to survive by all means to drag through their living expense cycle from one to the next.

    any additional expenses WOULD most likely be the hay stack that break the camel's back! AND GST is all encompassing. (BTW, pump prices have just gone up, despite the stagnation of the world cruel oil).

    Perhaps, with the current exchange, kt could be classified as the other top 10% of the M'sian populace iff he ever comes back to bolihland, yes????

    a typical case of eating foreign cake, dont know the price of the M'sian rice!

    ReplyDelete
    Replies
    1. wakakaka what bullshit! Your phrase "pocket-empty-comes month-end" exactly describes most working Aussies, which was what I discovered when I came down here to work. The Aussie workers were/are exactly like most working Malaysians, always pokkai and eagering waiting for their fortnightly pay. They have absorbed 10% GST for the last 15 years, and you're telling me 90% of Malaysians can't afford the 6% they're subjected to, where in some cases the GST levied should work out to be neutral cost once other previous tax replaced by GST have been removed. Will most of those 90% Malaysians stop gambling on 4-Ekor and lotteries or forego the extra (2nd) plate of nasi lemak?

      I have a nasty take that as many as 90% not being able to afford that 6% has been sheer bull, and nothing more than a political legend inasmuch as Anwar having health problems in jail, not unlike his back problems during his earlier imprisonment which could ONLY be treated overseas, wakakaka

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    2. Hence, I propose Kaytee should 50% GST insiead.

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  2. Let’s see who’s having the biggest cockeros here;

    1)Granted that the Ozzies & the M’sians shares the same pokkai mentality & eagering waiting for their next pay cheq to tie-over the lose ends. The keyword here is the Ozzies have it good at ONLY need to wait for 14days while the M’sians need to wait for 30days. See the diffreneces?

    2)Yah-loh, the Ozzies have absorbed 10% GST for the last 15 years, while the M’sians can't afford the 6% they're subjected to! The keyword here is the Ozzies have been overcoming the INITIAL mental short, long looong time ago, while the M’sians r having the never experienced labour pain of the GST on-slaughter. See the differences?

    3)‘…in some cases the GST levied should work out to be neutral cost once other previous tax replaced by GST have been removed. Will most of those 90% Malaysians stop gambling on 4-Ekor and lotteries or forego the extra (2nd) plate of nasi lemak?’

    How patronizing can u be wrt to this statement? Indeed, it’s a typical case of eating foreign cake, dont know the price of the M'sian rice!

    Do ponder about this slanted case of foreign moon is better than the local one, while wakakakaking….sigh

    4)It’s always about yr favorite bunching bag of Anwar! When can u get out of it & look at the big picture? Unless….of course…. it’s all about AI fingered yr sister’s cat. No? Perhaps, u SHOULD remove that 'vail' & talk about the role of rosmajib instead....ada teloq ke???

    ReplyDelete
    Replies
    1. aiseh, you have become like looes by attacking my family member, malu lah

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    2. malu yrself lah!!!

      where did I attack yr family member, pls do tell.

      obviously u DONT understand that it's u/yr action that cause it & yet want to blame other!

      Learn to play more semantics lah, just like yr sifu....sigh...

      Oooop... grow thicker skin too!

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    3. read yr own comment above and ask yourself whether you did mention any member of my family, malu lah you, low class like looes but at least he provides comic relief because he's a incoherent clown

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    4. Aisehman that why I said you are a great practicioner of the Sun Tze Art of War, sound in the east attack in the west, when you cannot answer you present a picture the cow head doesn't fit with the horse mouth. You know very well the feline were just a jest, so why pretend to be so serious? As if to divert from the questions asked of you!

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    5. what questions? telling me I've been patronizing - wasn't that diversionary? wakakaka

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  3. The jobstreet survey is only on the people they polled, not all
    Malaysians, so the "90% Malaysians" is not necessarily correct.
    I would not take such polls as accurate, but the sudden imposition
    of 6% tax to all will hurt those struggling to make ends meet.
    We can't compare Aussies to Malaysians without taking into account
    the conditions, and some indication of the relative welfare of Aussies
    and Malaysians can be gleaned from the following statistics:

    GNI/capita @ Purchasing Power Parity (2013 world bank)
    Malaysia = USD22,460
    Australia = USD42,540

    Gini % (Wikipedia) (0% = perfect equality)
    Malaysia = 46.2 % (2009)
    Australia = 30.5% (2006)

    average income of the richest 10% to the poorest 10%
    Malaysia = 22.1
    Australia = 12.5

    average income of the richest 20% to the poorest 20%
    Malaysia = 12.4
    Australia = 7.0

    Income tax bottom rate taxable income (A$1=RM2.88)
    Malaysia : RM5,000 @ 1%
    Australia : A$18,201 @ 19%

    Income tax top rate at taxable income
    Malaysia : RM400,000 @ 25%
    Australia : A$180,001 @ 45%

    The following can be infered:
    1. Aussies have higher income to meet their needs.
    2. Aussies' rich-poor divide is not as severe as Malaysians, so their
    poverty rate is comparatively lower.
    3. More Aussies from the lower income group are tax exempted.
    4. Rich Aussies pay more tax than Malaysians.

    The impact of GST to the Aussies are not the heavy as to Malaysians.

    ReplyDelete
  4. Most businesses will take this opportunity to profiteer and will increase the prices by just 6%. Even at 6% with rounding it could add up. Example: The ingredient is 10sen per unit. With GST, it becomes 11sen, an increase of 10%. The next guy who used this item as his input will use the 10% increase as his base and add another 10%. The more intermediate steps, the more will be the increase. Strictly speaking, there should be only one increase of 6%. But with profiteering it will not be surprising that consumers end up paying much more than 6%.

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    Replies
    1. this can and probably have happened, a reflection on the poor implementation of the taxation scheme. Our civil servants aren't exactly the brightest (or most diligent) sparks in the classroom

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    2. Not to mention that kaytee's twisted and flawed understanding on how GST really work

      http://www.themalaymailonline.com/malaysia/article/najib-government-expects-rm23.2b-revenue-from-gst

      Najib said so himself unlike how Singapore introduce GST for the first time

      In short, it's money sucking for najib to plug the massive debt incurred by 1MDB

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