'Malaysia govt must encourage consumer spending too'

'Malaysia govt must encourage consumer spending too'

IPOH - Besides putting in place the necessary mechanisms for the implementation of the Goods and Services Tax on April 1, the Government must encourage consumer spending, said MCA secretary-general Datuk Seri Ong Ka Chuan.

The Government, said Ong, must do both in order for it to achieve its targeted RM46 billion (S$17.4 billion) tax revenue for the year.

"We need to create a vibrant economy and achieve a good turnover. Only then can taxes be collected and the implementation of GST be successful," he told reporters after handing out ang pow to 2,000 elderly folks at the Tow Boo Keong Temple hall here yesterday.

Hitting out at calls of boycott, Ong said such an attack on businesses would merely suffocate the country's economy and dampen efforts to collect GST.

"For the sake of the country's future, every Malaysian should unite and work hard to overcome last year's struggles and tragedies instead of quarrelling among ourselves," he said.

Ong said the Finance Ministry, through the Customs Department, had put into place the necessary mechanisms to facilitate the implementation of the GST.

"Of course, improvements will be carried out from time to time," he said when asked if the current mechanisms in place were sufficient.

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