YapThomas - The Ultimat3

Brendon’s Party…. Budget 2007

Went to Brendon’s aunt house, May, for his post-bday party…
Nice food.. company.. and movie.. haha
Present were: Nadia, Kristi, Winda, Ivin, Kenny, Mr. Adrian& Fatty Wong.

Went back around 1.00 something lor..

Now, move on to the Budget,

They cut the corporate tax from 28% to 26% in 2008 year by year.
This does not look good. Let’s look at the growing countries

India is at 20% or so, Singapore is at 20%, China at 33% highest, Thailand
is at 30%, indonesia is 30% and Malaysia is standing at 28%. Going down to
26% doesn’t really attract new investors looking at our neighbouring countries
is giving a good package and incentives..
The tax mentioned is just the maximum or less, quoted from PWC

Doesn’t look good enough and Malaysia can do better…
Foreign Investors is leaving because of certain quotas and criterias that FI
needs to follow and certain guidelines that could be abolish, didn’t.

Other than that, Cigarrette and Liqour tax has increased. RM 5/liter for
liquors and 01 cents increase or rather RM 0.20 cents increase per pack of
20s for example. Sin tax should be made known where it goes?
Say, only Sin Tax will go to the poor? or will go to the charity? homeless?

There is not enough transparency in the Budget… thought so tho..

Other matter in the Budget? Doesn’t really interest me, because I find it
that it is lying its weight more on view and perception rather for the general
MALAYSIANs..

Call me wrong, but I will stick to my this view..
I laud the move to give tax incentives for tourism related matters..
A good move for Visit Malaysia Year 2007.

Sunday, Rest Day, The end..