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A broad-based tax such as the goods and services tax is generally considered to be a regressive tax. Before we go further, let us look at what 'regressive' actually means.
A SEMINAR to provide better understanding of the goods and services tax (GST) was held at Politeknik Seberang Prai in Bukit Mertajam, Penang, with about 1,500 in attendance.
KUALA LUMPUR: The goods and services tax (GST), which will be introduced at 6%, is expected to be adopted for a long period of time, according to Royal Malaysian Customs Department director of internal tax division Subromaniam Tholasy.