国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Malaysia mulls new tax measures to reduce debt

Source: Xinhua| 2018-10-09 20:20:10|Editor: huaxia
Video PlayerClose

KUALA LUMPUR, Oct. 9 (Xinhua) -- Malaysian Prime Minister Mahathir Mohamad said on Tuesday that his government may need to roll out new tax measures in facing the debt problems.

In delivering the keynote address at a forum here, Mahathir said his administration had inherited a cash strapped government.

"People are expecting something good to come from the change of government, but it will be tough because we have inherited a country which has been depleted." he said.

The government may need to explore measures including introducing new tax, selling land to the locals or selling some of the government assets, Mahathir said.

Since coming to power after the general election in May, Mahathir has put priorities on reducing debt, which he said was accumulated by the previous government.

His government is also facing a shortfall in revenue after fulfilled the campaign promise by abolishing the unpopular goods and service tax.

"Malaysian's have proven they can go through many problems and survive," he said, when comparing the current situation to the 1997 Asian financial crisis, stressing that Malaysia's economic foundation remains strong.

In a follow-up speech after Mahathir, Finance Minister Lim Guan Eng said the new taxes will be rolled out when he tables the new national budget in November.

"Some additional tax measures will be included in Budget 2019," he said.

Lim said a tax reform committee formed by the government was tasked with diversifying tax revenue and to make the tax system more efficient and progressive.

"The same committee will also be reviewing tax incentives given out previously to see that these measures are still relevant to support high-quality economic growth," he added. Enditem

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001375208671
主站蜘蛛池模板: 金山区| 新源县| 化德县| 佛学| 迁西县| 托克托县| 仁布县| 鲁甸县| 三门县| 台北市| 德兴市| 梁河县| 溧水县| 哈尔滨市| 谢通门县| 阿城市| 得荣县| 绥德县| 长顺县| 吴忠市| 贺兰县| 宁河县| 游戏| 塔城市| 秭归县| 桂林市| 大悟县| 天门市| 安远县| 全南县| 白银市| 雷波县| 四子王旗| 灵台县| 漠河县| 永川市| 葫芦岛市| 萨嘎县| 屏边| 汤原县| 卓资县|