Why not tax the rich, asks think tank over looming SST expansion
With Putrajaya expanding the Sales and Services Tax (SST) to many other goods and services beginning next month, a think tank detailed how taxing wealth would generate more revenue instead of imposing a levy on consumption.
In a series of infographics, Monitoring Sustainability of Globalisation (MSN) research manager V Aishwarya pointed out that by taxing Malaysia's ultra-rich, the government could generate 60 percent more revenue compared to what SST's expansion brings.
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