Kota Kinabalu: The Goods and Services Tax (GST) is better than the Sales and Services Tax (SST) because the GST widens a country’s tax base and brings in more revenue, said the World Bank Group lead economist Dr Apurva Sanghi.
More than 170 countries around the world have adopted some kind of value-added tax (VAT) or GST system, and that is one reason why the GST is more efficient than the SST, he said.
“GST is a regressive system because it is based on a tax on consumption and 60 per cent of the economy depends on consumption.
