An update to Why anti-PAP types now really quiet about M’sian switch from GST to SST.
Yesterday,
Malaysia’s new government will cut public spending sharply despite foreseeing the economy growing more slowly than had been expected earlier
No money leh. Those anti-PAP types that want to abolish GST (think rational people like P[olitician] Ravi prepared for reduced govt expenditures? Need I say more?
Yes I can
Malaysia’s deficit target is set to expand this year to 3.7 per cent of gross domestic product (GDP) from a 2.8 per cent target under the previous Barisan Nasional government. The median estimate in a Bloomberg survey of nine economists was 3.2 per cent.
The shortfall is set to ease to 3.4 per cent next year.
Sounds like GST is needed in KL especially as
To fund the gap, the government will more than double the amount of dividends it expects to receive next year from state oil company Petroliam Nasional Bhd to RM54 billion.
This assumes oil price will not tank. Remember M’sia introduced GST because oil prices fell to US$30.
Thoughts of a Cynical Investor 
once again – m’sia/johor boleh !!!
They’re also expanding their SST to cover online sales by 2020 i.e. digital tax.
But think it’s going to be just chump change. Think the bumis will need to tighten their belts with less rebates & subsidies.
Oil may surprise to the upside over the next 1-2 years. But that’ll likely just accelerate the next global recession & whack prices down again.
BTW, S’pore also seems to be implementing GST on online transactions by 2020.