Representatives of stakeholder groups slammed a think-tank's claims that prices will drop with the implementation of the goods and services tax (GST) during roundtable discussion in Petaling Jaya yesterday.
The victim was Wan Fazdrul Wan Baharum of the Institute of Democracy and Economic Affairs (Ideas), who insisted that prices will fall by 2.79 percent as soon as the tax is implemented.
He said that this is because the proposed GST rate of 4 percent is lower than the current sales and service tax (SST), set at 10 to 15 percent.
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Camera: Aidila Razak
