Wednesday, March 17, 2010
Yes, Barisan Nasional has chickened out on the proposed new legislation on the Goods and Services Tax (GST) which was intended to be tabled in parliament for approval in the current sitting. This makes our new Prime Minister, Datuk Seri Najib Abdul Razak, who's celebrating his one-year anniversary next month as the country's premier, a bigger flip-flop than our previous prime minister.
To date, Datuk Seri Najib Abdul Razak, despite having the motto of "performance now", has already reversed 3 key policies on the real property gains tax (RPGT), the tiered fuel subsidy scheme and now the GST. Worse, he has also delayed the announcements over the restructuring of tolled highways and his much "anticipated" New Economic Model, not once, but multiple times. The indecisiveness of the current administration is uncanny and certainly serves for juicy political analysis.
Yes, the GST Bill is now "postponed", but the economic issues affecting Malaysia (and the reasons why GST won't solve them remains). So come hear how the Government has completely lost the plot on the economy.