Taxing Times

The Morning Run crew gives you their take on today's business headlines:

IRB's Ops Mega will be auditing 15 banks with offshore transactions and initiating 1,393 lawsuits over total unpaid taxes of RM120 million. IRB has also sent out reminders and notices to 6,560 individual and corporate taxpayers who have accumulated unpaid taxes amounting to RM434.18 million.

6:28 - Moody’s has issued a warning for the Malaysian property market! They see a ‘material decline’ in property prices IF there’s a protracted supply overhang.