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IMF says Pakistan needs to mobilise tax revenue, cut debt

WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan

It’s time to focus on hidden economy

A TAX officer went to buy a bicycle for his kid. The seller asked if he would like to get a receipt and pay the tax, which will result in higher price, or buy the bicycle without the receipt and purchase it at a lower price. So, the tax inspector paused and thought for a moment on, “What should I do?”

A US$1.4 trillion India spending push tops Modi 2.0 agenda

NEW DELHI: India’s economy is set for a major boost if Prime Minister Narendra Modi follows through with key campaign promises following his party’s sweeping election victory.

IATA urges the Government to reconsider air passenger departure levy

PETALING JAYA: The International Air Transport Association (IATA) has expressed disappointment with the passing of the Departure Levy Bill by Dewan Rakyat, and is urging for its implementation to be reconsidered.

Can inheritance tax be the answer to wealth inequality?

ONE of the most hated tax is the “inheritance tax” which hardly anyone pays in many countries. An inheritance tax, sometimes referred to as an estate tax, may apply to that accumulated amount so that the government can still get a piece of the action even after the family has held a wonderful service for the one who passed away.

Rebuilding palm oil’s image

PRIMARY Industries Minister Teresa Kok Suh Sim proves me pleasantly wrong during a two-hour exclusive interview at her office in Putrajaya this week.

Chin Well’s Shah Alam warehouse to start operations this year

BUKIT TENGAH: Chin Well Holdings Bhd is diversifying into the warehousing business as the company makes plans for its new RM12mil automated warehouse in Shah Alam to start operations this year.

Restoring fiscal health, refocusing priorities

Comment - By Lee Heng Guie WE understand the government has to make choices and trade-offs to manage the medium-term fiscal challenges and limitations. It is indeed a tough and challenging political balancing act for the Finance Minister to craft a responsive budget without impairing growth and worsening the fiscal deficit.