International

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.

The scheduled teleconference with Sirul in Australia over an internet radio station has failed to materialise. The link-up with Mahfuz Omar at the Pas Media Centre in Jalan Raja Laut, KL was due to start at 11.33am over Hijau.FM.

At 10.44am, ‘Sirul’ was apparently contacted and given a phone number that would be used to contact him for the teleconference. But the event failed to get going.

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