Tax cuts in the pipeline

ohor Baru: The government is considering reducing corporate and individual taxes in the Budget 2012 to be tabled in October.



Deputy Finance Minister Datuk Donald Lim Siang Chai said the tax
reductions could be made once the implementation of the long-awaited
goods and services tax (GST) takes place.

"There are more than
225 countries in the world that have already implemented the GST and
Malaysia too will implement it soon,'' he said after launching Pantech
Stainless & Alloy Industries Sdn Bhd's new RM100 million factory in
Pasir Gudang Industrial Estate here yesterday.

Also present at
the event were Pantech group executive chairman and managing director
Datuk Jimmy Chew Ting Leng, group deputy managing director Datuk Goh
Teoh Kean and Johor International Trade, Industry, Energy, Water,
Communication and Environment committee chairman Tan Kok Hong.


Lim said with the GST in place, the government is hoping to reduce the
country's deficit level to between 2.8 per cent and 3 per cent by 2015
from 5 per cent currently.

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Business communities and industries, he said, could expect some good
news in Budget 2012 as the government sees the private sector as the
main economic driver to help transform Malaysia into a high-income
nation by 2020.

The deputy minister also said that there will
be more incentives for investors and business communities, but declined
to give details as they will be announced by Prime Minister Datuk Seri
Najib Razak in October.

Najib, who is also Finance Minister,
will chair the Consultative Meeting session with players from the
industries next Tuesday to discuss matters related to businesses in
Malaysia.

"At present, we (the government) welcome feedback from
all business communities, especially the private sector, to put forward
their views, suggestions or proposals, to be included in Budget 2012,"
Lim said.

The government is serious in getting feedback on the
problems or challenges faced by the business communities, including the
problem of employing local skilled workers.

"For Malaysia to
become a developed nation by 2020, 40 per cent of the country's total
workforce must be skilled labourers ... at present, only 29 per cent of
them are skilled workers," he said, adding that the country's
manufacturing sector has to reduce its dependency on foreign workers by
offering better salaries to locals.

remember the theory, i am theory creator [You must be registered and logged in to see this image.] if market crash 100 point but if we can buy at crash 120 point we are safe and can sleep very well and don care next day market performance cause we have cushion and margin of safety

maxims wrote:remember the theory, i am theory creator [You must be registered and logged in to see this image.] if market crash 100 point but if we can buy at crash 120 point we are safe and can sleep very well and don care next day market performance cause we have cushion and margin of safety

Max sifu, not really understand what u mean. can elaborate?

[You must be registered and logged in to see this image.]

sun wrote:

maxims wrote:remember the theory, i am theory creator [You must be registered and logged in to see this image.] if market crash 100 point but if we can buy at crash 120 point we are safe and can sleep very well and don care next day market performance cause we have cushion and margin of safety

Max sifu, not really understand what u mean. can elaborate?

this time i be a bit secretive..ask other comrades explain first

maxims wrote:[You must be registered and logged in to see this image.]

sun wrote:

maxims wrote:remember the theory, i am theory creator [You must be registered and logged in to see this image.] if market crash 100 point but if we can buy at crash 120 point we are safe and can sleep very well and don care next day market performance cause we have cushion and margin of safety

Max sifu, not really understand what u mean. can elaborate?

this time i be a bit secretive..ask other comrades explain first

who can help to explain to kurang bijak sun, tq in advanced [You must be registered and logged in to see this image.]