According to Seth Colby, Department of Taxation research and planning officer, outmigration since 2020 has resulted in the loss of $185 million in general excise taxes and state income taxes, or approximately $61.8 million per year. To place that amount into context, one percentage point of the Council on Revenues forecast, which determines how much can be spent on the state budget, represents approximately $100 million.
KUALA LUMPUR: The requirement for coffeeshops to apply for a licence to sell beer from Jan 1 is a common practice, says Deputy Finance Minister I Mohd Shahar Abdullah.
Letters to the Editor week of November 12, 2021 lbknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lbknews.com Daily Mail and Mail on Sunday newspapers.