Let us see how many flip flops there has been since the announcement of Budget 2010.First to get the axe was the decision to mandatorily compel owners of cars aging 15 years above to subject their cars for PUSPAKOM check before roadtax could be issued. It went down because vintage car owners were up in arms.
The second policy reversal was on credit cards. Now it is no more government tax for current card holders until their card renewal dates next year. Only new card holders need pay the RM50 tax.
Yesterday, PM Najib decided to humour the housing industry. He has now reworded the policy to effect the 5% RPGT only for sale of houses within 5 years of purchase.
If you add the hullabaloo of the 10 to 12 subjects change for SPM students, that would be 4 backpedals in all.
I wonder who advised PM Najib on all of these. These advisers should be put to pasture before they do more harm to the economy of Malaysia and its people.
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