BFM Podcast

Relooking At Taxes For State Development

Tan KW
Publish date: Fri, 31 May 2024, 01:49 PM
Relooking At Taxes For State  Development

31-May-24 08:30

Dr Tricia Yeoh, CEO, Institute of Democracy and Economic Affairs (IDEAS)

The Penang government has proposed for a comprehensive review of tax revenue distribution, advocating for a 20% return of collected taxes to enhance local development. Dr. Tricia Yeoh, CEO, Institute of Democracy and Economic Affairs (IDEAS) tells us if there is a formula by which states are granted a percentage of tax revenue and how that should align with their development goals.

Image Credit: Shutterstock.com

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