Govt won’t introduce new taxes, aims for fairer subsidies, says PM Anwar

Govt won’t introduce new taxes, aims for fairer subsidies, says PM Anwar

MELAKA, May 25 — The government does not intend to introduce new taxation instruments but rather aims to implement a more equitable targeted subsidy system that meets the needs of the people, Prime Minister Datuk Seri Anwar Ibrahim said. He said the recent announcement regarding targeted diesel subsidy exempts low-income groups such as fishermen, smallholders … Read more

Retirement Tax Planning Expert George McReynolds Debunks Myth Behind Deferring Taxes Until Retirement

Retirement Tax Planning Expert George McReynolds Debunks Myth Behind Deferring Taxes Until Retirement

Lansdale, Philadelphia, Jan. 26, 2024 (GLOBE NEWSWIRE) — Many pre-retirees (ages 55 to 62) in the US often hear that it is a wise decision to defer paying taxes on their retirement savings until after they retire. The rationale beyond this is that, after retirement, an individual’s income goes down, which means that their tax … Read more

Parliament to discuss govt’s move to collect taxes from shadow economy today

Parliament to discuss govt’s move to collect taxes from shadow economy today

KUALA LUMPUR, Nov 20 — The government’s move to collect taxes from the shadow economy which is estimated to contribute about 30 per cent to the Gross Domestic Product (GDP) is scheduled to be raised in the Dewan Rakyat today. According to the Order Paper on the Parliament website, the matter will be raised by … Read more

YouTube will start deducting US taxes of up to 24pc from creators even if they don’t live in the US | Malay Mail

YouTube will soon be deducting US taxes of up to 24 per cent from creators. ― SoyaCincau pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, March 10 ― Google has just sent out an email to creators on YouTube, one that will have significant financial … Read more