The More the Money, the More the Taxes

By Our Economist

January 2018 UTTER ECONOMICS
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Penang Monthly charts the sources of federal government revenue.Over the last 45 years, government revenue has registered impressive annual growth rates: in 1970 it hit RM2.4bil; by 2015, it had exceeded RM219bil.In Malaysia, the sources of government revenue are classified into three broad categories: tax revenue, non-tax revenue and non-revenue receipts.Tax revenues are made of direct and indirect tax. Direct tax is levied and paid by the person on whom it is levied. Collection of direct tax falls under the...

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