Lim: Tax administrators should help tackle shadow economy issues


GEORGE TOWN: Tax administrators worldwide should cooperate and share information to address the issue of tax compliance and prevent illegal activities, especially the shadow economy, says Finance Minister Lim Guan Eng.

Lim said the shadow economy is difficult to measure due to its underground nature and it is always linked to whether the country is clean or corrupt - if the country is corrupt, the shadow economy expands.

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shadow economy , tax , Lim Guan Eng

   

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