GST was the right move, says Najib

  • Nation
  • Tuesday, 21 Nov 2017

KUCHING: Malaysia's introduction of the Goods and Services Tax (GST), although unpopular, was the right decision in view of changing economic circumstances, said Datuk Seri Najib Tun Razak.

The Prime Minister said it would have been easier not to introduce GST, as what appeared to be a new tax — even though it replaced an older one — could seem to be a disruptive.

“We knew it wouldn't be popular. But it would have been irresponsible not to have brought in GST.

“It’s not just that we needed to widen the tax base – which is one reason why over 160 countries around the world have a form of GST – it is also that with the plunge in the price of oil, GST saved us,” he said when opening the 13th World Islamic Economic Forum (WIEF) at the Borneo Convention Centre Kuching on Tuesday.

Najib said those in the Opposition who wanted to get rid of GST were "deceiving the people and deploying fantasy economics".

He said governments and countries in the 21st century could not stand still and carry on doing things the old way.

"Responsible governments must change policies as circumstances change for the well-being of the people.

"If we do not adjust our policies, our nation loses its competitive edge and gets overtaken by other countries. We cannot and must not allow that," he said.

Playing on the forum's theme "Disruptive Change: Impact and Challenges", Najib made a joke about former prime minister Tun Dr Mahathir Mohamad during his salutations.

He was acknowledging the presence of another former prime minister, Tun Abdullah Ahmad Badawi, whom he described as "my very supportive immediate predecessor".

"My other predecessor wants to force disruptive change," he quipped, quickly adding, "but we're not here to talk politics."

Over 2,400 delegates, including 500 from outside Malaysia, are attending the three-day WIEF. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Nation

Pahang Pakatan officially agrees to back BN to form state govt
Dr Wee refutes claims he attended a discussion with Umno and PAS leaders
Anti-hopping law held back in Sabah amid fluid political landscape
KDM in support of Hajiji, GRS to helm Sabah govt
JKM should proactively search for people in need, says Pasir Gudang MP
Victory in Padang Serai will inject new spirit into BN, says Sivaraj
GRS’ inclusion in unity government triggers confusion among Sabah’s political circle
Hiring of foreign workers allowed in land warehousing sub-sector, says HR Ministry
Drone, K9 unit deployed in search for missing hiker in Pagoh
GE15: BN must come together to address diminishing support from voters, says MIC Youth chief

Others Also Read