Go, Squeeze Them (GST).Our Rakyat do not fully understand a implication of GST, until it is implemented as well as prices of goods arching upwards. By afterwards it is too late. A rich nation like Singapore introduced GST at 3%. A poor Malaysia wants to exercise GST at 4%
GST is a multi-stage taxation system. ( TRY TO UNDERSTAND THIS !!!!!)
Everything a sellers sold, from manufacturer, wholesaler to retailers, pick up GST for a government. Unlike a a stream sales as well as service taxation (SST) is a single-stage tax. Only one party along a supply sequence pick up a SST for a government. If a manufacturer collects a tax, a rest are not authorised to collect.
Just suppose each seller supplement GST when they sell. ( READ N TRY TO UNDERSTAND THIS !!!!!)
For example: The stream Sales Tax for Toilet soap is 10%. With GST, a manufacturer pays 4% to a govt when he sells it to a Wholesaler, a Wholesaler pays a govt an additional 4% when he sells to a Retailer; as well as when a Retailer sells it to a Consumer, he pays an additional 4% to a govt. The Consumer actually ends up profitable more than 12% in cummulative GSTs for a same piece of soap or > 20% more in taxes. (10% vs 12%+++)
1) Manufacture to Wholesaler - RM 1.00 + 4% ( RM 0.04 ) = 1.04
2) Wholesaler to Retailer - RM 1.04 + 4% ( RM 0.42) = 1.082
3) Retailer to Consumer ( idiots like we as well as me ) - RM 1.082 + 4% ( RM0.043) = 1.125 YOU AND we HAVE TO PAY A TOTAL TAX OF 12.5% or RM 0.125 FOR EVERY RINGGIT OF THE MANUFACTURERS PRICE ON THIS THREE TIERS SYSTEM
If a supply sequence is longer than 3 stages, a consumer ends up profitable 4% more for each addition stage. Eg Manufacturer to Agent (4%) to Wholsaler (4%) to Retailer (4%) to Consumer (4%).. Total 1! 6% ++++ (vs 10%) or 60% more in taxes!!!! ( This final price that idiots like we as well as me have to pay is RM 1.17 homogeneous to 17% TAX or RM0.17 for each Ringgit of a manufacturers price) on this FOUR tiers complement
If a GST is not stopped, a Rakyat will finished up profitable really very really tall prices for everything. ( that is because it is call a GO, SQUEEZE THEM - GST )
Now do we agree when a rakyat say that Malaysia is going bankrupt? This is a main reason because a GST was introduced - to enlarge a government's income. The subsequent logical question is - Where did all a taxation money collected go ??????
GST is a multi-stage taxation system. ( TRY TO UNDERSTAND THIS !!!!!)
Everything a sellers sold, from manufacturer, wholesaler to retailers, pick up GST for a government. Unlike a a stream sales as well as service taxation (SST) is a single-stage tax. Only one party along a supply sequence pick up a SST for a government. If a manufacturer collects a tax, a rest are not authorised to collect.
Just suppose each seller supplement GST when they sell. ( READ N TRY TO UNDERSTAND THIS !!!!!)
For example: The stream Sales Tax for Toilet soap is 10%. With GST, a manufacturer pays 4% to a govt when he sells it to a Wholesaler, a Wholesaler pays a govt an additional 4% when he sells to a Retailer; as well as when a Retailer sells it to a Consumer, he pays an additional 4% to a govt. The Consumer actually ends up profitable more than 12% in cummulative GSTs for a same piece of soap or > 20% more in taxes. (10% vs 12%+++)
1) Manufacture to Wholesaler - RM 1.00 + 4% ( RM 0.04 ) = 1.04
2) Wholesaler to Retailer - RM 1.04 + 4% ( RM 0.42) = 1.082
3) Retailer to Consumer ( idiots like we as well as me ) - RM 1.082 + 4% ( RM0.043) = 1.125 YOU AND we HAVE TO PAY A TOTAL TAX OF 12.5% or RM 0.125 FOR EVERY RINGGIT OF THE MANUFACTURERS PRICE ON THIS THREE TIERS SYSTEM
If a supply sequence is longer than 3 stages, a consumer ends up profitable 4% more for each addition stage. Eg Manufacturer to Agent (4%) to Wholsaler (4%) to Retailer (4%) to Consumer (4%).. Total 1! 6% ++++ (vs 10%) or 60% more in taxes!!!! ( This final price that idiots like we as well as me have to pay is RM 1.17 homogeneous to 17% TAX or RM0.17 for each Ringgit of a manufacturers price) on this FOUR tiers complement
If a GST is not stopped, a Rakyat will finished up profitable really very really tall prices for everything. ( that is because it is call a GO, SQUEEZE THEM - GST )
Now do we agree when a rakyat say that Malaysia is going bankrupt? This is a main reason because a GST was introduced - to enlarge a government's income. The subsequent logical question is - Where did all a taxation money collected go ??????
posted by Major (Rtd) D.Swami
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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