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,