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Malaysia needs more tax revenue to fund expenditure: OECD

The OECD has recommended a combination of higher tax rates and narrower tax bands throughout the schedule to raise the average tax levied on middle and high-income earners, with exemptions or transfers to avoid increasing the tax burden on low-income households.

Kuala Lumpur

THE Organisation for Economic Co- operation and Development (OECD) has advised Malaysia to extract more from its goods and services tax (GST) and to increase the number of taxpayers because higher tax revenue will be needed to fund its growing fiscal expenditure amid a...

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