Govt going after rich tax evaders, including probing overseas assets

The Inland Revenue Board of Malaysia's (IRB) newly-launched Monitoring Deliberate Tax Defaulters (MDTD) programme will track taxpayers identified as non-compliant.

KUALA LUMPUR: "The Government is cracking down on people with "extraordinary" wealth beyond their (known) income to recover the nation's lost tax revenues, including looking at overseas assets, said Finance Minister Lim Guan Eng.

To do this, the Inland Revenue Board (IRB) is working with tax authorities worldwide and also using big data analysis.