Category: Corporate agenda

Singapore raises income tax rates for top 5 per cent – and Malaysia?

One of the factors contributing to the persistent fiscal deficit in Malaysia has been the deliberate and gradual reduction of income tax rates over the years.

From a fairly progressive tax system, Malaysia has moved towards a regressive tax system. The government has trimmed the tax rates for the rich and super-rich over the years.

Singapore is now bucking the trend by raising income tax rates for high-earners by 2 per cent.

(more…)

More

Trans-Pacific Partnership Agreement: ‘A global race to the bottom’

The TPP is “the largest—and worst—trade deal you’ve never heard of,” says a campaign on moveon.org. In other words, “Nafta on steroids”. You may not have heard of it because the negotiations are all being done in secret. Perhaps even over a round of golf?

Incidentally, Robert Reich in the video above is “an American political economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford and Jimmy Carter and was Secretary of Labor under President Bill Clinton from 1993 to 1997″ (Wikipedia). (more…)

More