GST: Previously scrapped due to politics, should be restored to expand govt revenue streams
* This article is originally published on Sinar Daily covering the key takeaways discussed during the 'Webinar 'Patutkah GST Dikembalikan?' co-organised by Bait Al Amanah and Z Consulting Group on 27th June 2022.
SHAH ALAM – The Goods and Services Tax (GST) which was implemented in 2015 was unsuccessful due to political lobbying, not the economy, says Isham Jalil.
The newly appointed Umno Supreme Council member Isham Jalil said the GST which was introduced under then prime minister Datuk Seri Najib Razak did not perform well due to a group of wealthy businessmen who pushed for the abolition of GST through intense political lobbying after the last general election (GE14).
"Wealthy businessmen or tycoons tried to influence particular political parties since they did not want to pay more taxes."
"Political lobbying happens not only in Malaysia but it is happening worldwide"
he said at a webinar co-organised by the Bait Al-Amanah think tank and Z Consulting Group.