Delay in HVGT implementation: A missed opportunity

The decision to delay the implementation of high value goods tax (HVGT), originally scheduled for May, has drawn mixed reactions from the public. While some view it as a prudent move to allow further engagement with industry stakeholders, others see it as a missed opportunity to address wealth inequality and bolster government revenue for social welfare programmes.

The postponement raises several pressing issues that warrant careful consideration. Firstly, it underscores concerns about the government's commitment to bridge the wealth gap in Malaysia.