Friday, 29 October 2021

Syabas Anne Edwards but : We didn't start the fire

Was a song written and made popular by Billy Joel in the late 1980's.  I had previously criticised a piece written by Anne Edwards in the Vibes.

This time around, she has shown a mark improvement in disecting the budget in a way the layman will be able to understand  READ ; The government’s allocation of RM150 million for three million students, which is worth RM50 each, is barely enough to pay for their lunch for a week.

We didn't start the fire
It was always burning, since the world's been turning
We didn't start the fire
No, we didn't light it


This budget won't  fly, and the finance minister has to take  responsibility for this . I am so sorry,  maybe I am not so bright. But I have a question to ask.


How does this CUKAI MAKMUR work. Let's just take Westport as an example READ : Westports Q3 net profit down to RM199.06 mil

Will a company which earns more than 100 million be taxed via this CUKAI MAKMUR, even though their profits are down? 

Since when a lower profit is prosperity?

2 comments:

  1. This one is easy to solve.

    If a company pays that prosperity tax, then those companies will be given a tax credit, equivalent to that absolute amount of additional tax, to be utilised in the future (after YA years or whichever methodology suits).

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  2. But it still does not anwser the main question why should a company which has an earning of above the stated level pay such a tax, if when in actually fact their profit is lower than previously. That being the case naming the tax regime PROSPERITY or MAKMUR is .....

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