Lately, we have so many incidents of back-pedaling. No, not back pedaling on the streets but of policies. The first backpedal incident was on the withdrawal of the policy to subject all jalopies older than 15 years to vehicle inspection by Puspakom. It was withdrawn after much public outcry including from vintage car owners particularly those owning Volkswagen.
Today, we have another policy withdrawal. The policy of capping SPM subjects to ten have been revised to twelve now.
So what next? Will it be a review of the implementation of the RM50 tax on credit cards or that of the 5% Real Property Gains Tax (RPGT)? Both certainly are worthy of revision and fine-tuning!
We need to wait again for the back-peddlers!
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