Reported about 1 month ago
Malaysia's government is contemplating the reinstatement of a broad-based consumption tax, the Goods and Services Tax (GST), as an alternative to subsidy cuts on fuel, to improve its financial standing. Although there are internal discussions within Prime Minister Anwar Ibrahim's cabinet, the decision is complicated by the political implications and public reliance on affordable petrol. The GST was previously abolished due to its unpopularity following its introduction in 2015, but the government is now faced with the need for increased revenue to address a budget deficit while exploring effective fiscal strategies.
Source: YAHOO