Relooking At Taxes For State Development

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

Morning Run · Morning Brief · 31 May 2024 · 08:30 am · 10 mins listen

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

Categories:

government,politics,financial wellness

Tags:

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

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