Based on the
amended audited account, the last GST increase was found
unnecessary after all.
Even if the GST was reversed to 5% we will still have surplus of
more than $2 billions for 2008.
So it is completely justifiable to exempt GST for essential and
staple food items.
Double taxes on petrol which was taken over by GST and COE and ERP
to discourage vehicle ownership should also be removed or reduced
to help the economy to recover from the potential
downturn.