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GOODS and Service Tax (GST) is tax on what is spent and not on what is earned. Earlier on March 30, 2010, Prime Minister Datuk Seri Najib Tun Razak unveiled the New Economy Model (NEM) and it recognises that a wider tax base is an important part of reforms, where the introduction of GST is a key component. It was reported that a more diversified tax base is needed to compensate for an expected future reduction in the share of revenue from oil and gas.
PARIS (Reuters) - Patrice Evra's international career was in jeopardy once again when the France defender was summoned by French federation president Noel Le Graet and coach Didier Deschamps to explain himself after describing his critics as "bums".
ABBOTTABAD, Pakistan (Reuters) - When Shazadi Gillani, the highest ranking female police officer in Pakistan's most conservative province, wanted to join the force she had to defy her father, forego marriage and pay for her own basic training.
SYDNEY (Reuters) - A long, hot summer looms for Australian Prime Minister Tony Abbott as devastating wildfires near Sydney fuel opposition to his plans to repeal a carbon emissions tax, one of his basic campaign pledges in the election he won a month ago.
TOKYO: Asian shares pulled backed from a five-month high and the dollar stabilized after recent heavy losses as markets waited for U.S. jobs data that could shape expectations as to whether the Federal Reserve will start withdrawing stimulus this year.
KUALA LUMPUR: RHB Research has initiated coverage on Karex Bhd with a Buy call and a RM2.59 target price as it expects earnings from the world’s larget condom manufacturer to bounce, driven by a doubling in capacity as well as the growth in the tender market.