Relooking At Taxes For State Development

Dr Tricia Yeoh, CEO, Institute of Democracy and Economic Affairs (IDEAS)

31-May-24 08:30

Relooking At Taxes For State Development

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The Penang government has proposed for a comprehensive review of tax revenue distribution, advocating for a 20% return of collected taxes to enhance local development. Dr. Tricia Yeoh, CEO, Institute of Democracy and Economic Affairs (IDEAS) tells us if there is a formula by which states are granted a percentage of tax revenue and how that should align with their development goals.

Image Credit: Shutterstock.com

Produced by: Tun Hizami Hashim, Wong Shou Ning

Presented by: Philip See, Wong Shou Ning

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Categories: government, politics, financial wellness

Tags: Institute of Democracy and Economic Affairs (IDEAS), tax revenue distribution, finance ministry, federal government,

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