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      • Business, Economics & Law
        January 2020

        Malaysia’s Taxation System

        Contemporary Practices, Issues and Future Direction

        by Mohamed Ariff, Yeah Kim Leng

        Malaysia’s Taxation System: Contemporary Practices, Issues and Future Direction is a comprehensive analysis of current taxation practices, issues and changes in Malaysia. It comprises 10 chapters contributed by eminent academics and leading legal, accounting, and tax administration professionals whose collective expertise offers unique insights into the evolution of Malaysia’s taxation system and highlights the need for a holistic review of the system.   Commissioned by the Malaysian Tax Research Foundation, this book fulfils the government’s call for greater industry–academia collaboration and serves as a timely reminder about the importance of taxation in moving our country forward. This book about tax reformation comes at a pivotal time as we venture into new Malaysia.   This book is a relevant and useful resource for scholars and policymakers alike as they seek to understand Malaysia’s taxation system.   Click here for more information.

      • Economic theory & philosophy

        Public Revenue Without Taxation

        by Ronald Burgess

        Gordon Brown was a past-master at sneaking in new taxes by stealth, but his efforts as Chancellor and then Prime Minister were merely the latest in a long line of party leaders desperate to extract more money from reluctant taxpayers. This book challenges the need for government to resort to such underhand practices which undermine the economy, killing the goose which lays the golden eggs, and the integrity of the political process.The author argues that not only does taxation flout the principle of private property, but it ‘is a primal cause of both inflation and unemployment. Regardless of this, the freely elected governments of contemporary trading economies – with the acquiescence of their electorates – persist in raising the major part, if not all, of their revenues by means of taxation. The immediate cause of such action by governments... is ignorance of any acceptable alternative method of raising sufficient public revenue.’Burgess shows how the development of Keynes’ general theory of employment ‘leads to the conclusion that an open trading economy is likely to be most competitive, and therefore most prosperous, only when taxation is abolished’ – but government must be funded. How can this be done without taxation?To provide an answer he refines Alfred Marshall’s distinction between the public and private value of property to reveal an alternative, peculiarly public source of revenue. Unlike a tax, defined by a former Labour Chancellor, Hugh Dalton, as ‘a compulsory contribution imposed by a public authority, irrespective of the exact amount of service rendered to the taxpayer in return’, the ‘public value’ identified by Marshall would deliver an exact equivalence between the benefits enjoyed and the amount paid. On the basis of this widely accepted definition, therefore, it is not a tax but the price for services rendered like any other transaction - the price fixed by the market.The author shows how reform may be introduced with a minimum of disruption, so that politicians with an eye to re-election can achieve measurable results during the lifetime of a parliament.

      • Business, Economics & Law
        October 2022

        Personal Financial Planning

        A Comprehensive Guide to Personal Financial Planning in Malaysia

        by Joyce Nga

        Personal Financial Planning: A Comprehensive Guide to Personal Financial Planning in Malaysia is a comprehensive guide on personal financial planning tailored for the Malaysia context, covering a wide range of relevant topics including consumer credit management, tax planning, bonds and shares, unit trust, real estate, insurance, estate planning, and an overview of Islamic wealth management.   Whether you are an undergraduate student, aspiring or experienced financial planner, or just an average Malaysian looking for help to plan your finances, this holistic manual will have all your personal financial planning needs covered. It has also been endorsed by the Malaysian Financial Planning Council.   This book is suitable for finance students, practitioners, and the general public.   Click here for more information

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