Taxation

1. Everyone need to pay tax (for those in the range of income as stated in law). Failure to pay tax are against the law.

2. Tax impose on us are income tax, government tax(5%), government service tax for credit card (RM 50 per year).

3. Greece's government start to adjust tax structure to solve the economy instability of the country.

4. Malaysian government imposed a high rate of tax on imported vehicles.

5. Tax is an income of government to run it's planning and development.

6. Malaysian budget for recent year are deficit.

7. One of the minister at PM's Department is an economist. He should come out with some ideas.

8. A new structure of taxation is needed to assist lower income family.

9. Purchasing power in Malaysia is low due to the increase of the commodities goods and this may cause a serious inflation.

10. Government aim to achieve the GDP per capita at year 2020 of US$15,000 but it could be high rate of inflation on the next 10 years.

11. If the inflation rate is high, the value of our currency is low.

12. Gross External Debt is RM 271,716 million.

13. It is time for government to reduce the debt.