More GST woes

It has been brought to my attention that estimates for Malaysia GDP are way too high with 4 percent GDP growth from the government and world bank.  We can see a -9 percent GDP growth when Australia first introduced a GST of 10 percent.  

Likely a positive GDP will be considered lucky with a hefty 6 percent levy in Malaysia.  Similar countries such as Japan also experienced -3 percent GDP growth at only a 3 percent increase in GST.  Extrapolating a similar ratio, Malaysia will be likely get -1 percent GDP going forward for 2016 (5 percent -6 percent = -1 percent GDP growth).  I imagine the end of 2015 will likely record a 1.5 to 2 percent GDP growth.

Australia is one of those countries who was a pioneer in instituting GST.  The stock market didn't do too well in the period following GST implementation.

Malaysia also has major problems with instituting the GST.  They've created almost a brand new GST system after studying a few countries' GST programmes and likely a new system will almost lead to major confusion.