PETALING JAYA: Malaysia’s government should focus on viable tax mechanisms, such as indirect tax, to raise revenue. Barclays Corporate and Investment ...
Barclays Corporate and Investment Bank senior Southeast Asia economist Brian Tan highlighted that one of the ways to increase tax revenue is through indirect taxation, such as sales and services tax as well as goods and services tax.
“If you spend, you get taxed, it's very difficult to avoid that .... the higher income group spend more on luxuries, then that consumption is taxed. He noted that higher taxes or introduction of new taxes does not resonate well with taxpayers, particularly with the poor or the B40 income group. According to Tan, the message the government should convey to taxpayers is that the primary aim of raising indirect taxes is for the rich to pay more. Even though the poor will be affected by the rise, the impact of higher taxes will be softened by cash handouts.
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