Govt looking at alternatives to wealth tax, may bring back GST, says Deputy Finance Minister II

Published on 10 Dec 2020 2:38:05 PM

The government is looking at alternatives to a wealth tax, including a Goods and Services Tax (GST), to raise funds for its coffers, says Mohd Shahar Abdullah.

The Deputy Finance Minister II said that when answering Wong Shu Qui (PH-Kluang) in the Dewan Rakyat on Thursday (Dec 10), adding that the government is currently studying the feasibility of reintroducing the GST and other consumer-based tax models after taking all aspects into consideration.

Shahar also said that at the moment, the government is focusing on improving governance and has set up a multi-agency task force to better manage the nation's finances.

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Keywords
finance ministry, parliament, wealth tax , gst , govt revenue , mohd shahar abdullah , wong shu qui , dewan rakyat , sst , windfall tax, news, malaysia

Keywords:
finance ministry, parliament, wealth tax , gst , govt revenue , mohd shahar abdullah , wong shu qui , dewan rakyat , sst , windfall tax, news, malaysia