I notice that a group calling themselves ‘British Victims of Investing in Malaysia’ have protested in London over funds they lost in Doxport Technologies Sdn Bhd, a firm reportedly owned by former Umno treasurer-general Abdul Azim Mohd Zabidi.
Send in your reactions to Najib’s Budget 2014. The (regressive?) Goods and Services Tax at 6 per cent will come into force on 1 April 2015, replacing the Sales and Services Tax. That’s a higher rate compared to the 3-4 per cent predicted earlier. Making up for all the massive pre-election spending and cash handouts?
The government says it wants to remove subsidies. But what about the subsidies enjoyed by the super-rich corporate elites and their corporations – soft loans, incentives, ever lower corporate tax rates, lop-sided concessions, pioneer status tax breaks, capital allowances, tax deductions, etc?