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Business 06 Nov 2021 | 7:00 AM

Higher taxes are inevitable

PRIOR to the presentation of Budget 2022, this column ran a series of three articles discussing issues as to whether we should be worried about debt, why debt dependency can be a ticking time bomb and measures the government can take to address our current low tax to gross domestic product (GDP) ratio. Well, Budget 2022 was presented last week, and in short, an opportunity was missed by not addressing the elephant in the room.

Economy 03 Nov 2021 | 7:00 AM

Gradual process to consolidate fiscal deficit

PETALING JAYA: The government will not impose new permanent taxes as well as broad-based taxes until Malaysia’s economic recovery is ascertained.