tag:blogger.com,1999:blog-6297413898275266606.post1084164529364276159..comments2024-03-27T18:15:59.096+08:00Comments on Economics Malaysia: Contingent Liabilities: You Ain’t Seen Nuthin’ Yethishamhhttp://www.blogger.com/profile/06265308095732759923noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6297413898275266606.post-10465449341989897282013-08-21T00:25:03.735+08:002013-08-21T00:25:03.735+08:00The issue has been raised directly with MoF, rest ...The issue has been raised directly with MoF, rest assured.hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-78115428501143654212013-08-20T02:47:16.485+08:002013-08-20T02:47:16.485+08:00The no tax on capital is a historical working of t...The no tax on capital is a historical working of the ruling capitalists.<br /><br />They made the rule because they own the capital. The Governments then were beholden to these groups.<br /><br />There is no reason for us Malaysians not to not tax profit on capital.<br /><br />If we have RPGT why not CGT?<br /><br />The power is in the hand of the government of the people by the people UMNO. Not Tax Profit on Capital!noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-70532436472369238142013-08-17T23:11:58.338+08:002013-08-17T23:11:58.338+08:00Shadow Banker,
I agree that its difficult to make...Shadow Banker,<br /><br />I agree that its difficult to make like-to-like comparisons for contingent liabilities, which is why in the blog post I focused on deposit insurance.<br /><br />The whole question of contingent liabilities is a bit of minefield, as even in Prof Hamilton's tabulation future pension commitments are excluded (Malaysia's would be under KWAP; EPF currently has a hishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-67382947633550214242013-08-17T13:02:46.474+08:002013-08-17T13:02:46.474+08:00Hi Hisham H,
Some points for discussion after read...Hi Hisham H,<br />Some points for discussion after reading the comment.<br /><br />Lets first break the $70.1 tn into 3 tranches.<br /><br />Tranche #1 -Social Security & Medicare (Total Off Balance Sheet Commitment : $54.1 tn - 77%).<br /><br />Tranche #2 - Agency Debt (Housing, Student loan, Other trust fund) (Total Off Balance Sheet Commitment : $9.7 tn). (14%)<br /><br />Tranche #3 - FDICShadow Bankerhttps://www.blogger.com/profile/05808674289534888830noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-91945208568072489802013-08-17T10:50:33.185+08:002013-08-17T10:50:33.185+08:00This comment has been removed by the author.Shadow Bankerhttps://www.blogger.com/profile/05808674289534888830noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-27190128293073299872013-08-17T10:47:41.570+08:002013-08-17T10:47:41.570+08:00This comment has been removed by the author.Shadow Bankerhttps://www.blogger.com/profile/05808674289534888830noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-39759931519176603962013-08-16T23:46:50.792+08:002013-08-16T23:46:50.792+08:00the only way out is to inflate the debt?the only way out is to inflate the debt?ngan tengyuenhttp://www.geckoandfly.comnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-36613489112635691602013-08-16T19:21:48.098+08:002013-08-16T19:21:48.098+08:00Ah, my apology for not recognizing you accordingly...Ah, my apology for not recognizing you accordingly.<br /><br />Ok understood the differences between the two (CGT/RPGT vs GST).<br /><br />Zuo DeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-90466541872224995682013-08-16T09:45:42.859+08:002013-08-16T09:45:42.859+08:00Zuo De,
Since I wrote that article, I can hardly ...Zuo De,<br /><br />Since I wrote that article, I can hardly offer an unbiased opinion of it :)<br /><br />But any revenue collection from CGT is unlikely to offer much of a replacement of GST, as it's too limited. Even RPGT doesn't contribute a whole lot to government revenues.<br /><br />Remember, CGT and RPGT are taxes on the the margins, not the volume, of transactions i.e. they'rehishamhhttps://www.blogger.com/profile/06265308095732759923noreply@blogger.comtag:blogger.com,1999:blog-6297413898275266606.post-62620551598275893512013-08-16T09:15:55.139+08:002013-08-16T09:15:55.139+08:00Morning,
I read with interest a recent article by...Morning,<br /><br />I read with interest a recent article by Norhisham Hussein on Capital Gain Tax (CGT). This may be similar to RPGT with reduced tax rate as one hold the asset longer.<br /><br />Appreciate your view on this vis-a-vis GST as a possible widening of Malaysia tax base.<br /><br />Thank you.<br /><br />Zuo DeAnonymousnoreply@blogger.com