Thursday, April 25, 2013
“You scratch my back and I'll scratch yours.”
You do a favor for me and I'll do a favor for you.; If you do something for me that I cannot do for myself, I will do something for you that you cannot do for yourself.
“You help me, I help you.”
Najib Razak, 2010 May 15th
The Prime Minister of Malaysia, ( leader of the ruling collation BN ) Najib Razak during his visit to Rejang Park, a Chinese majority housing estate in Sibu, Sarawak, campaigning for SUPP’s Robert Lau during Sibu parliamentary by-election. Najib promised the voters RM5 million to alleviate floods if Robert Lau win the seat.
The by-election was won by DAP’s Richard Wong by a simple majority of 398 votes.
Najib’s vote-buying promises were deem morally inappropriate for some, yet anyone sensible would know its a broad daylight bribery. The Malaysian Parliament claimed that Najib did not violating Election Offences Act. In 2009, the Federal Court made a decision that promises to bring development during election campaign are not an act of bribery.
Till today, many parts of Sibu remain flood-prone, in addition to tones of other perennial problems.
Monday, April 1, 2013
Its time to file for income tax, again.
• Individual relief = RM9,000.
• Which means, RM750/month, or RM25/day for all expenses, including food, accommodation, transportation, household expenses, utilities, clothing, entertainment etc.. How can anyone living in a city survive with RM750/month, with the ever-rising living cost ?
• Rebate for books = RM1,000. Anyone spending that kind of money for books ?
• Rebate for broadband subscription = RM500. mana cukup ?
• Rebate for house installment = RM10,000. Why only for property bought between 10th March 2009 till 31 December 2010 ?
• Minimum taxable income ( for a singleton ) = RM2,450 net
• if we calculate it backward, Minimum taxable income ( RM2,450 ) = [ Annual Income ( RM17,856 ) – Individual rebate( RM9,000 ) – EPF ( RM6,000 ) ] - Tax relief ( RM400 ).
• Thus, an average singleton earns more than RM1,488/month are taxable. Unless he/she is entitled to a lot more of rebates and reliefs.
• In 2010, there are 5.5 million registered individual taxpayers in Malaysia ( NST, Tax refunds in 30 days, 24 Mar 2012 ), out of 11,129,400 employed labour force ( Department of Statistics, Principal Statistic of the Labour Force, 1982-2011 ).
• Which means, of 11,129,400 employed labour, almost half of them are not paying tax, either they earn less than RM1,488/month, or simply don’t pay.
• Per capita income of average Malaysian = USD9,656 ( @ RM28,968 º RM2,414/month ) ( World Bank, 1990-2010 )
• Average Malaysian’s income are taxable, why only half of the workforce pay tax?
• IRB collected RM15,574.59 million in 2009 from individual taxpayers. ( IRB Annual Report, 2009 )
• IRB’s Annual Report dare not to publish the number of taxpayers, why? How many taxpayers contributed to the tax revenue ?