Saturday, 5 October 2019

WHILST THE MALAYSIAN GOVERNMENT CONTEMPLATES A U-TURN BACK TO THE GST

After having won Malaysia's 14th General Election (GE14) partly on the promise to abolish the Goods and Services Tax (GST), and to replace it with a Sales and Services Tax (SST), now the Pakatan Harapan government is contemplating a reversion back to GST to boost its tax revenue.


Thanks to Syed Akbar Ali (OutSyed the Box) for the above graphic. The sign in 2018 says "Citizens kick out GST" and the sign in 2019 says "Citizens want GST"

You can read Syed's blog post by clicking on the link below but be quick, since Syed takes his post down after a few days.

"You Want To Lose The Elections Faster - Bring Back The GST"

Anyway, not only is the Malaysia's Pakatan Harapan (Pact of Hope) government in a dysfunctional mess, but so is the UK government over BREXIT and the US government over moves to impeach President Trump.

Also, Michael Snyder in his Economic Collapse blog, speaks about signs of an impending deep recession in the US economy, based upon employee layoffs or "restructuring" announced by 12 US companies across various industry sectors.

This Is What A Recession Looks Like – Here Are 12 Big Companies That Are Conducting Major Layoffs