Category: Neo-liberal economics

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

Was the 1992 blackout ‘planned’ to create private power generation firms?

Was the 1992 blackout across wide swathes of the nation avoidable? Was it to pave the wave for the privatisation of TNB?

Selangor Kini, bearing the copyright of the Selangor state government, has published a report about former TNB CEO Ani Arope’s memoirs in which he claims the 1992 blackout need not have occurred as TNB had already made plans to expand capacity to meet future demand. (more…)

More

Live – Anti-GST Workers’ Day rally in Butterworth

A Workers’ Day gathering is scheduled to begin at 10.00am in Butterworth. Workers are expected to register their opposition to the impending Goods and Services Tax. I hope to bring you some live updates.


More