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Luxury goods tax a good way to raise govt revenue, says economist freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: An economist has described a tax on luxury goods, expected to be implemented on May 1, as an effective way to expand the government’s tax base without burdening the majority of the population, especially the B40 lower-income group. ....
The purpose of the government’s initiative to disburse RM100 in e-wallet credit is not to substantially boost consumer spending in the short-term, as much as it is to widen national e-wallet adoption to transform the economy, say economists. ....
PETALING JAYA: A retail research firm has urged the government to release more details about the luxury goods tax so businesses can make the necessary preparations. ....
PETALING JAYA: Calls for boycotts – a common way to pressure nations and organisations into caving to public demands – have resurfaced recently amid the current Israel-Palestine conflict. ....