KUALA LUMPUR, Feb 3 — Malaysia needs to raise its revenue and the best way to do so is by implementing the Good and Services Tax (GST), the World Bank’s lead economist Apurja Sanghi said today.
He added that it is not by coincidence that 174 countries employ the consumption tax to fill their coffers.
“It is a mean and lean machine that mobilises revenue the best,” he told reporters at the launch of “Expanding Malaysia's Digital Frontier”, the World Bank’s Malaysian economic report for February.
He emphasised that the GST “really” works to brings in revenue.
https://www.malaymail.com/news/malaysia/2023/02/03/gst-a-lean-and-mean-machine-and-best-way-to-increase-revenue-world-bank-lead-economist-tells-malaysia/53234
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024
Created by savemalaysia | Mar 29, 2024