The government has many U-turn pros working within various departments. They announced major proposals only to delay or defer or cancel those proposals later on.
* Real Property Gains Tax
The tax proposal of a flat rate 5% tax on all properties regardless of the holding period (especially for those held more than 5 years) was suggested in during the Budget 2010 but has been scrapped now. Why? I thought many thoughtful meetings were held before this was announced in the budget.
Reading: Raising revenue via real property gains tax - Star
* Two Tiered Fuel Subsidy
The confusing and tedious approach in getting the subsidised fuel at each petrol station for each consumer has been scrapped. One will ask why a proper study was not done in the first place before announcing something that big that will involve heavy implementation cost and major public education.
Reading: Proposed tiered fuel subsidy scrapped - MySinchew.com
* Goods and Services Tax
The second reading of this proposal was supposed to be held in the parliament today but was deferred. Why? Not prepared? One reason given earlier i.e. yesterday (yeah, before the parliament sitting today) was "lack in input from the general public". It was mentioned that input was only gathered from private sector. Who are these people in the private sector?
Even the Federation of Malaysian Manufacturers suggested a different approach which is to implement the Retail Sales Tax (what's this anyway?!?!?!) instead. Didn't consult the business sector too?
But I like what the GST (read it somewhere and it sounded so perfect) acronym stands for in this case - Go Squeeze Them!
Reading: Second Reading Of GST Bill Dependent On Public Input - Bernama
Way way before the above, they u-turned on the teaching of Maths & Science in English language.
Tags: Real Property Gains Tax, RPGT, Two Tiered Fuel Subsidy, Goods and Services Tax, GST, Retail Sales Tax