Monday, June 26, 2023

Nizom's answer to tax reform is GST

Widening the tax net - Edge Weekly

"If the system is good, there are very small leakages and the actual revenue is collected, obviously the tax rate will go down.” — Mohd Nizom

By Chester Tay and Esther Lee / The Edge Malaysia

22 Jun 2023, 02:00 pm

This article first appeared in The Edge Malaysia Weekly on June 12, 2023 - June 18, 2023

THE atmosphere was tense, with lawsuits and dispute cases piling up, when Inland Revenue Board (IRB) CEO Datuk Mohd Nizom Sairi took the helm about 20 months ago. He has done a good job since he took up the role in October 2021 if one uses the size of the tax collection as the main key performance indicator (KPI).

IRB’s gross direct tax collection last year was a record high of RM175.4 billion, a 21.75% increase from RM144.1 billion in 2021. And Mohd Nizom is confident that Malaysia will see a fresh record this year.

The amount collected was 9.5% or RM15.2 billion higher than the Ministry of Finance’s (MoF) estimate of RM160.2 billion for 2022.

Monday, June 19, 2023

Is Mahathir, Daim each 4-5 times Kuok's net worth?

Raja Petra's recent revelation of a letter from Tan Sri Halim Saad to Tun Dr Mahathir wih regard to UMNO's allegedly lost RM100 billion asset caused an excitement within both the corporate and political circle. 

The UMNO Veteran Secretary General, Dato Mustapha Yaacob begin to raise questions over it. 

Question he should because both Mahathir and Daim insist to remain Trustee for UMNO's assets which include the party headquarter and adjoining convention centre. And, Halim's letter claimed he paid for the construction. 

After 2018 BN lost, Mahathir and Daim almost succeeded to pressure UMNO to sell but pressure from few vocal MT members halted its transfer. 

It is widely believed within the remain of the Team B faction of Tengku Razaleigh Hamzah that UMNO's assets in the form of Fleet Group were stolen by Mahathir and Daim

Monday, June 5, 2023

Time the truth on Tajudin, MAS to come out

This poster sprang up on the social media prior to GE14 following an anonymous video recording by a snooper. Subsequently a formal interview was conducted with Tan Sri Tajudin Ramli, the former Chairman of MAS and founder of Celcom. 

Although Mahathir went on to win Langkawi and subsequently became Prime Minister again, the Malays and Malaysians yet again realised too late the disaster he is capable of doing. 

Now he is at it again and the gullible Malay will likely mudah lupa. Nevertheless, lets put the political hantu raya and his self-serving motivation on hold first.  

The recent Pandora Paper investigation on Tun Daim in which it is heard Halim Saad, Nor Mohamed Yakcop, Mokhzani Mahathir, Mukhriz Mahathir, most likely Mirzan Mahathir, and others were called in by MACC. 

It is timely that Newswav portal made a call on MACC to investigate Tajudin. 

Thursday, June 1, 2023

Under Hamzah, what happen to the RM2.4 billion Penang cocaine bust?

In the midst of PN politicians eagerness to take potshots at Anwar following Azalina's Parliament reply MACC confirmed no proof to link the coalition's political funding with gambling operators, a man appeared at MACC yesterday to offer evidence.

Talking about vices, two months ago a prankster sent Rafizi samples of cannabis products. It is possibly an attempt to convince him and Anwar on the medicinal, health and other uses of cannabis to legalise it. Since it is Rafizi, it was politicise.

Having exposed the link between a renown Macau gangster, Wan Kuok Koi and a former IGP and a Sultan's buddypoliticising of gambling and cannabis are games for wimps. Lets get down to the real dirty business of hardcore illegal drug trade.

There are  possible links to Corporate Mafia. The boss Victor Chin, not unexpectedly, was called in by MACC on Monday. Raya is really over.

In September 2019, police made the biggest drug bust in Penang in which 12 tonnes of cocaine worth RM2.4 billion seized. This is larger than the Shah Alam drug bust worth half a billion in August the same year.