Time to Reform Malaysia's Tax System?
This article was first published in STAR newspaper, 10 September 2012
Recent developments in parts of Europe have sparked a debate on austerity and growth. Those who argue for austerity or "fiscal prudence" claim that debt management is key to restoring investor confidence and, therefore, long-term prosperity.
Malaysia has never had a comprehensive review of its tax system. A comprehensive review is now timely, given that Malaysia is aggressively driving its transformation programme towards achieving developed nation status by 2020.
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This article was first published in STAR Newspaper, 10 September 2012