The good, the bad and the ugly of tax

IN less than a year, the Goods and Services Tax (GST) will be a reality. Come April 1, 2015, Malaysia will join the ranks of some 160 countries in having this form of tax system.

In fact, some 90% of the world’s population already live in countries with GST or Value-Added Tax. In a sense, therefore, we are not venturing into new territory.