2. Some businessmen may go through GST

Chinese business to support GST if income tax is cut (malaysiakini)

That shows how ignorant businessmen are as far as GST and Income Tax are concerned.

Two reasons - the economy is in very bad shape especially for the consumers whose spending power has largely dried up and the timing of SOP of GST and Income Tax payments are too far apart and so far apart that many businesses would go out of business before they get the benefit of the Income tax reduction.

 

So in between the GST and the Income Tax, businessmen can only survive if they have a large cash reserves and also depend on the type of businesses they are in. Most businesses in Sabah face cash problem daily as SME and some businesses would go out of business if the consumers do not patronise them regularly and daily as the impact of GST and the price increases thereof deter many to spend extra and there go the danger to the economy in general...and so GST is Government Shut Through..

 

GST is better in a growing economy and now we enter a shrinking economy for the consumers...