With the distraction of electioneering over, it is time for the federal government to look into implementing the GST.
A consumption tax is somewhat overdue.
There will be a reduction in corporate and personal income tax. The extent of the reduction is not known as yet. A reduction to a top rate of 18% will be welcomed by everyone.
Idris Jala has floated the view that a 7% GST rate, consistent with the rate in Singapore, will raise a projected RM27 billion in revenues.
Can Malaysia afford to defer GST any longer?
I think not.
It is time for the federal government to exercise its political will.