“Implementing Goods and Services Tax in Malaysia”. Lim Kim- Hwa & Ooi Pei Qi 30 Oct 2013 www.penanginstitute.org/gst. Structure. Key Issues. Key Issues. Key Issues. Household Impact. Latest Household Expenditure Survey (2009/2010).
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Lim Kim-Hwa & Ooi Pei Qi
30 Oct 2013
Latest Household Expenditure Survey (2009/2010)
Spending pattern GST payment
Worst hit: monthly income RM2,579
Middle income: worse off
Bigger cuts at lower income
Smaller cuts at higher income
Expenditure efficiency improvements to make up any revenue shortfall
Highest income: less better off
Middle income: less worse off
Difficult – middle income groups still pay higher GSTI
Cannot make middle income pay less GSTI than highest income
RM 126 billion
Jun/Jul 2013: Foreign capital withdrawn
RM 9 billion
Jun/Jul 2013: Foreign capital exert significant influence
Low US interest rates end
Credit rating agencies & foreign capital reassured?
Narrowing window for fiscal reform