Consider This: Federalism - When States Want More
Recently Johor and Penang have made headlines with their push for a larger share of the taxes they collect. Johor, at the urging of regent Tunku Ismail Sultan Ibrahim, is seeking 20 to 30 percent of its collected taxes, while Penang is seeking 20 percent. These demands are raising important questions about decentralisation and financial autonomy. Additionally, Sabah and Sarawak’s unique position under the MA63 adds to the complexity of these discussions. How should Malaysia navigate the demands for greater funds? On the episode of #ConsiderThis Melisa Idris speaks to economist Professor Dr Jomo Kwame Sundaram, and Dr Tricia Yeoh, CEO of IDEAS Malaysia.
Fri Jun 28 2024
MACC nabs seven individuals for colluding with major smuggling syndicate
The syndicate is believed to have smuggled in goods through Port Klang and evaded taxes estimated at RM3.5 billion over the past 10 years.
Fri Jun 07 2024
Exemption of CGT, taxes on FSI deemed to boost capital market performance
PwC Malaysia tax partner Jennifer Chang said the exemption would encourage more unit trusts to be set up in the capital market.
Wed Jan 17 2024
Sarawak's free Tertiary Education policy won't lead to tax increase
Sarawak's free tertiary education, which is expected to be implemented by 2026, will not lead to an increase in taxes or cuts in other areas of development.
Fri Dec 29 2023
No plan to implement GST, govt focusing on targeted subsidies - Ahmad Maslan
Datuk Seri Ahmad Maslan said the government will implement the taxes as mentioned in Budget 2024 next year.
Tue Nov 28 2023
New Zealand's new coalition targets RBNZ mandate, taxes and gun laws
New Zealands National Party formally signed an agreement to form the country's next three-party coalition government after negotiations for over a month.
Fri Nov 24 2023
Parliament to discuss govt’s move to collect taxes from shadow economy today
The Dewan Rakyat will also continue the debate on Supply Bill 2024 (Budget 2024) at the committee level for the relevant ministries.
Mon Nov 20 2023
Malaysia's tax policies are to only tax when necessary and not burden taxpayers - PM
Datuk Seri Anwar Ibrahim said the government should also make sure that taxes collected are spent wisely without leakages.
Tue Aug 01 2023
White House says there is no possibility Biden would pardon his son
Hunter Biden is facing charges of failing to pay taxes on more than $1.5 million in income in 2017 and 2018.
Fri Jul 28 2023
Malaysia urged to develop revenue strategy to boost low taxes - IMF
The IMF said the 2023 Budget lacks specific medium-term revenue-enhancing measures and a timeline for the medium-term revenue strategy.
Fri Jun 02 2023
Malaysia's Anwar eyes smaller deficit in first budget, tightens spending
Anwar vows to maintain subsidies and other government support for lower-income groups, and broaden the revenue base through taxes.
Fri Feb 24 2023
LHDN, Customs asked to find 'creative' ways to tax black economy
The government has asked the LHDN and the JKDM to find more creative ways to increase their tax collection without imposing new taxes on the people.
Wed Dec 28 2022
Liz Truss, Rishi Sunak clash in final UK leadership debate
The debate saw the remaining contenders tussle over issues surrounding taxes, energy and the cost of living.
Thu Sep 01 2022
Tennis - Federer highest paid player in 2022 despite year-long absence - Forbes
Federer raked in an estimated $90 million before taxes and agents' fees over the last 12 months to top the list.
Fri Aug 26 2022
Malaysia agrees to implement global minimum tax on multinational companies
Mohd Nizom said the implementation of the tax system is to make sure business entities pay their taxes fairly to the host countries.
Mon Aug 01 2022