govt seized only 12% in illicit cigarettes, and the rest managed to be smuggled and sold, causing huge economic loss and drops in shares..not too mention the imposition of high tax will only encourage people to buy more of the illicit cigarettes..
This is why I don't invest in Malaysia.. there is very little/no enforcement. Government just simply taxes you like this but end up everyone buys johns for RM5..what are they even doing about the sale of illicit cigarettes?
not just the smoking ban, but also the sale of illicit ciggarettes at shops..ovt should really curb these illegal sales and give out proper penalty to those found in possession or supplying the illicit cigarettes..65% of last year's cigarette sales are contributed by the illicit ciggie trades..and they didnt even have to pay tax..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
EngineeringProfit
18,203 posts
Posted by EngineeringProfit > 2020-02-24 06:35 | Report Abuse
huat ar