Comments on rocky's bru: Flip-flop dah?

Part 4 You dont give facts of income streams and ...

2009-11-20T03:24:13.369+08:00

Part 4

You dont give facts of income streams and revenue patterns or % prior to GST, you dont provide data on the impact of the tax on the sporean consumption patterns and on the general economy... you aint give nothing but defecate shit about market capitalisation

and ur % growth of stock mart indices is pure “hogwashiss” as any Chingkie defecated poo since :

1. You tellingly failed to state the baseline from where those % increases came from. How much they had fallen to before they recovered..Why not do a comparison vis-à-vis MALAYsia

2.You neglected to state that Indonesia’s spurt is partly due to better economic conditions given it is not a trading nation and it has a large internal market to promote consumption:
http://asia.news.yahoo.com/rtrs/20091119/tbs-oecd-indonesia-b246348.html

and you can gues where the bulk of the money to fuel that growth is coming from--yes remittances from Malaysia for example (+ this nascent growth explains Ha4's query) as to why our labour supply is tight since indonesia is embarking on infra development:http://thestar.com.my/news/story.asp?file=/2009/11/19/nation/20091119193258&sec=nation
Remember the great satesman DR M once spoke about 70million and the chingkie bastards laughed silly…well now you know what visionary means…

4.You even conveniently forgot to say that Thailand wracked by chaos all over has shaded Spore by a nose.. + oh yes,u conveniently forgot this: http://ipsnews.net/news.asp?idnews=37178
about black money laundering itself hunky-dory clean with the help of the legal suds-courtesy of Spore- in the property washing machine..and if you know 5cents worth of economics, you would understand the nexus between property- asset bubbles and equity etcetcetec

But you never can cos have you ever heard of Mongolism...check it out here:
http://www.medterms.com/script/main/art.asp?articlekey=4420

(disclaimer: I sincerely do not wish to offend sufferers of this syndrome and would be appalled by any such linkage as I am a wholly honourable fella)-

Any allusion here is mainly for “racist” purposes only …hahahaha
That “syndrome” aptly explains why chingkie bastards like to think, cheat, steal and lie through their arseholes the world over. Now don’t get me started on the great China fairy tale for we know what the pigcfucked, mafucked MOTHERland has been up to… mafucking pa buggered shitworm

And if you ever wanna duel with us nouveau informed Malays, arm yourself with facts not lies masquerading as half-truths “for the figures indeed do not lie” but are as half-baked and fully naked as any chingkie whorescaw yearning for a pigcock shoved up her cunt, a dogcock lodged in her arse + chingky teeny weeny pecker to suckle as a pacifier to soften the trauma and stifle those screams. Who cares about Puad Z.etc….I am a neutral Malay nationalist with MARUAH who will say it as it is and defend the honour and integrity of my race and religion. And if you call me racist..all the better for I am mighty proud of it

Warrior 231

Part 3 I also streesed on the need for better reve...

2009-11-20T03:05:10.059+08:00

Part 3
I also streesed on the need for better revenue collection + a flart rated “Tobbinlike” tax on Chingkie treasure hoards to equitably recompense the depredations they have wrought on TANAH MELAYU’s resources when they came here by the tongkangloads from circa 1800s onwards in search of manna. No wonder the hindulens used to call this “swarnabhumi” =land of gold in antiquity

That GST contributes slightly more than one fifth of Spore tax revenue, is an indicator that either:

a. consumption is an anaemic chap hooked on life support in Kandang Kerbau Hospital...given that his wife had sequestered all his ill gotten gains into bank savings account in the earthly paradise for money launderers and tax cheats (read: the chingks)

b. Consumption has harakiried himself and that is why he has landed comatose at where he is. Note; how the chinks spend like no morrow in a non-GST country like Malaysia albeit their better exchange rates notwithstanding…..

c. In an economy known for savings, the introduction of a consumption tax is the heights of moronity and moronity is second nature to the pure mongoloid stock, from which the chingkies hail from. You don’t believe me regarding GST, read these:
http://74.125.153.132/search?q=cache:312Ss6dGsrUJ:blogs.telegraph.co.uk/finance/jameshall/100001641/look-to-japan-if-you-think-january-vat-rise-is-a-good-thing/+Impact+of+Consumption+tax+on+Japanese+economy&cd=12&hl=en&ct=clnk&gl=my

plus more “serious financier” stuff:

http://www.mofa.go.jp/j_info/japan/opinion/yokomizo.html

plus a peer –reviewed scholarly account which you can subscribe to yourself:

http://www.jstor.org/pss/133355

and see how tax collection can be enhanced (per my suggestion about those chingkie bastard tax evaders) while being made more equitable through the tax structure:

http://www.iser.osaka-u.ac.jp/library/dp/2006/DP0660.pdf

2. You are a liar, SG1066 pee wee pecker of a cocky, pinky chingkie cocky. You see, Spore initially set the tax at 3% and increased it to 7% over the years and that accounts for the extra income it recorded last year.: http://economictimes.indiatimes.com/rssarticleshow/msid-2541490,flstry-1.cms +

http://www.iras.gov.sg/irasHome/page04.aspx?id=1852

Warrior 231

Part 2 Secondly, the core of my argument remains u...

2009-11-20T02:26:23.883+08:00

Part 2
Secondly, the core of my argument remains undemolished as this chingkie arsewhore adroitly moves the goalposts to suit his latest "wan tan mee' recipe.and what was the core:

1. Spore's GST only contributed a small portion of overall tax revenue with 80% derived from non-GST especially lower individual and corporate income tax ( evn the MOF figures attet that). if you read my comment closely, you will note that cutting personal and corporate taxes is what I am calling on the malaysian gov. to do but if they dont, who cares! for as of now they are still spellbound under the chingkie thrall....

2. I did not totally reject a GST, i called for a progreesive form of GST with minimal impact on the poor and lower middle income groups. Even then, i still aver that a GST would be deleterious on the economy.(Maybe one way to increase current consumption is to legislate a proposed GST say 2 or 3 years down the road, that will get local spending up based on future infltionary expectations. Of course, when the GST kicks in, consumption may taper off and revenue fall but you have a mechanism in place)

3. i stated categorically that the spore economy is based on white gold and black shit sources of income. I have categorically proven the black shit thingy with excerpts from the Melbourne Age paper and from Indonesian press reports to back up the FT, MI + directed u to the Tax justice link, all of which you lamely debunked as passe given Spore's supposed compliance:

"13 updated DTAs (Double Taxation Agreements with the OECD information exchange standards incorporated therein)"

when both the FT and MI articles never stated compliance but MOVING in that direction. Even then, there is no way for money laundering to be eradicated, is there?given banking secrecy can always invent other loopholes for Chingkie gangsta money to pour in to prop up the stock mart, the property sector and the economy in general.

You talked shit about perceptions..why do i care for indices on perceptions when facts are what I am after and even at #1 the NZ economy is not singing a humdinger.

SP and Moody were touting the strength of Merill lynch, Bear and Sterns, Lehman Brothers, Citicorp etc (check it out urself) and look where are they now.

As for Market capitalisation; what the fucks has that got to do with corporate health, dint Citicorp had "humoungous market capitalisation" some time ago. and why do u cover-up on Temasek's failures when the supposedly blilliant arsewhore (chingkie style pronounciation: "arsewhole") chingkie scaw was almost about to be replaced by..hei...wait...a GWAILOH not a "blilliant" chingkie unwashed fatarse, mind you!, and she got saved in the nick of time by recovering equity marts and I suspect, he FOUND something that the chink bastards wanted to hush up;
Me lying , follow the chingkie shit of failures to its "arsewhole" with the links below:

1.http://www.bernama.com/bernama/v5/newsindex.php?id=428808

http://groups.google.com/group/soc.culture.singapore/browse_thread/thread/303bec07f48745d9 (read the last yummy morsel of a paragraph)

even in childcare, Temasek lost..malunya..china pukimak

http://www.straitstimes.com/Breaking%2BNews/Money/Story/STIStory_300845.html

+ http://singsupplies.com/showthread.php?t=39309

+ many more ( if you want some fun)

on Gwailoh
:http://www.wallstraits.com/wsforum/printthread.php?tid=2754

and shamelessly, why use a malay name why not call it Chibailanchiau Investments (CI= which can be touted internationally as Capital Investments)

Warrior 231

Part 1 wah, kaninanah cibai, skilly...so long on s...

2009-11-20T00:23:28.571+08:00

Part 1
wah, kaninanah cibai, skilly...so long on shit so short on facts...typical chingkie arsehit spewing garbage to prove his point. Before we assess the data, it would behove us the honour to see if this fucktard chingkie bastard is the walks his talk type or is just a jock the (dead) cock variety.

A closer perusal will show us the racist bastard, this Chingkie clitleech is.

Evidence : the whole garbage passing off as an erudite commentary is laced with the "we chingkies (as personified in a Chingkie pendatang invaded island that was deviously yanked off Malay hands by the fucked up brits in the first place) can do it better than you Malays at this economy business thingy" narrative - you know with all that asinine jibes, and challenges thrown at malays- nationalists and all. But then again, its in keeping with Chingkie pigshit morality to crow over stolen property and claim success for his dastardly antics. for if he had the MARUAH, he wont do that.

2. Why the focus on an illegally expropriated island rather than the old Chingkie cuntblasted scaw named the PRC (read: Pukimak Robbers Clan)itself. Cos on all indicators on the quality of life like per capita incomes, healthcare, environmental indicators etc, Chin Shih Huang's arseshit bequest to mankind is way behind a 15.6 million Malay run polity (minus the scum pendatang arsefucking, cockwhoring and twatcleaning bastards, of course). Pretty galling aint it that 1.2 billion bastards cannot trump a 15.6million "pipsqueak what with a ASSumed 3000 or so headstart on the cilisation charts......hahahahaha. Folks, that shows how STUPID, the chingkie nation is and waht MORONS the chingkie race are. What to do? hidelah, the cockshame of a mother Fucking for wouldnt dear ol MOTHERland be fucked real bad if it goes head to head on the indicator "tale of the tape"

Warrior 231

Part L I am tempted to revisit the agenda of a "M...

2009-11-19T18:26:59.979+08:00

Part L

I am tempted to revisit the agenda of a "Malay Nationalist" after reading reports of remarks attributed to Nor Mohamed Yakcop at a seminar on healthcare tourism that was held in KL yesterday.

As per the Singapore Business Times, he was reported to have said: "With medical tourism, we cannot go wrong as we have very good doctors...Unfortunately some of our doctors are attracted to neighbouring countries to work, but we will get them back. We must look at what the irritants are and remove them".

Identify and remove the "irritants"? Would the self-proclaimed "Malay Nationalist" care to hazard a guess as to what these "irritants" are? Or is this another flip-flop from a government minister?

In this context, what are we to make of recent comments by the PM that 'more needs to be done to reverse the serious brain drain if Malaysia hopes to have the talent to innovate so that the country can transform into a high-income economy'?

The govt getting serious about the "brain drain" from Malaysia? Yet another flip-flop?

It seems that there are a lot of flip-flops down the road as the rise of Chingkieland and Injunland concentrates the thinking in Putrajaya. Which could be the subject of a whole new thread, if Pak Rocky is so inclined ;-)

Part K Here is another example of a flip-flop, th...

2009-11-19T18:14:36.255+08:00

Part K

Here is another example of a flip-flop, this time from the good ole US of A.

As per an AFP report, the Malaysian Trade Minister was reported to have said that the US government had indicated that it will abandon the pursuit of a bilateral free trade agreement with Malaysia.

Mustapa Mohamed said that the US govt had informed him that it prefers to pursue negotiations to join the Trans-Pacific Partnership (TPP) which currently comprises Brunei, Chile, New Zealand and Singapore. Australia and Vietnam have also indicated that they are interested in joining the TPP.

As per Mustapa: "It is confirmed they are not keen. They have told us verbally. It is as good as gone. (But) we have nothing formal yet. But it is as good as formal...I will tell the Cabinet that the US does not want an FTA (with Malaysia) but wants TPP".

If the report is correct, and the reports attributed to Mustapa are also correct, it shows where US priorities are in the region. I mean - who would want to give up on a possible bilateral FTA with Malaysia and pursue an obscure regional trade pact like the TPP? Is it also indicative of Malaysia's diminished clout as far as the US is concerned, when Indonesia is of bigger interest to the Obama administration?

Part J To spice up things a little, let's look at...

2009-11-19T18:02:18.694+08:00

Part J

To spice up things a little, let's look at extracts from the latest UNCTAD country fact sheets for Malaysia and Singapore (accessible on the UNCTAD website).

As per UNCTAD:

Malaysia had foreign direct investment (FDI) inward of US$8.05 billion in 2008 and total FDI stock inward of US$73.26 billion.

The little Chingkieland down south (aka the "little red dot") had FDI inward of US$22.72 billion in 2008 and total FDI stock inward of US$326.14 billion.

Was it what was meant when they said that size isn't everything? More on that later.....

Part I Now, what are we to make of the World Bank...

2009-11-19T17:26:29.927+08:00

Part I

Now, what are we to make of the World Bank recommendation that Malaysia must introduce sweeping reforms if it wants to achieve its goal of becoming a developed nation by 2020?

As per Vikram Nehru, the WB chief economist for East Asia & the Pacific: "To reach the 2020 developed status, the World Bank is proposing a four-pillar strategy...Malaysia must specialise the economy further, improve the skills of its workforce, make growth more inclusive and strengthen public finance" (as per an AFP report).

Now, as a point of interest, what part does "Malay nationalism" play in this plan to achieve developed status by 2020? Or "Chinese nationalism" or "Indian nationalism" for that matter?

As a secondary point, would the Deputy Education Minister lambast the World Bank for not producing its latest country report on Malaysia in Bahasa Malaysia? After all, Mohd Puad Zarkashi was reported as having said that speaking English in the workplace is "weird" and harmful to the nation's culture and identity.

Oh, yah - ini flip-flop dah? Why doesn't he take the PM to task for speaking in English at the recent Apec summit in Singapore? After all, Comrade Hu spoke in pukka Mandarin, the Japanese PM spoke in Japanese and the Russian President spoke in Russian.

Humbug!

Part H And, contrary to what you posted about the...

2009-11-19T17:09:15.292+08:00

Part H

And, contrary to what you posted about the Singapore govt's tax revenues, let's look at the figures for tax revenue in the Singapore Budget for FY2009 (www.mof.gov.sg/budget_2009)

Total tax revenue S$30.97 billion

Of which:

Income Tax $14.57 billion (47 per cent)
Goods & Services Tax $6.55 billion (21 per cent)
Customs & Excise Taxes $2.0 billion
Betting Taxes $1.86 billion
Motor Vehicle Taxes $1.59 billion
Stamp Duty $1.45 billion
Property Tax $1.0 billion
Assets Tax $1.0 billion

The Goods & Services Tax (GST) is the 2nd highest component of the Spore govt tax revenue, at 21 per cent.

And even with low corporate tax and top personal income tax rates (much lower than that in Malaysia), the Spore govt has budgeted $14.57 billion in income taxes for FY2009 - this from a population of less than 5 million.

I posted that the Malaysian govt would have had much more flexibility in govt finances if it had bitten the bullet and implemented GST a couple of years back. If the Spore govt can plan to get 21 per cent of tax revenue from GST, why shouldn't the Malaysian govt be able to achieve a similar figure?

At the very least, that would put an end to the whole absurd system of subsidies and price controls in Malaysia.

Part G The market capitalisation of the 789 compa...

2009-11-18T16:40:59.297+08:00

Part G

The market capitalisation of the 789 companies listed on the Singapore Exchange as at end-Aug 2009 was S$617.6 billion (approx RM1.48 trillion).

Now, lets' compare the market cap of some Spore-listed "blue chips" against their Malaysian counterparts (figures as at end-Aug 09):

SingTel S$49.9 billion (Telekom & Axiata?)
Wilmar $41.7 billion (Sime Darby?)
DBS Group $28.8 billion (Maybank?)
Spore Airlines $15.2 billion (MAS?)
SGX $8.9 billion (Bursa Malaysia?)SPH $5.8 billion (NSTP?)

SingTel, DBS and Spore Airlines are listed companies in which Temasek Holdings has substantial stakes.

I believe that Khazanah Malaysia has substantial stakes in their Malaysian counterparts.

And since Khazanah could be the epitome of a Malaysian SWF that is the blue-eyed boy of "Malay Nationalists", can we extrapolate to say that Temasek Holdings has done a better job in managing the listed companies in its stable than Khazanah has done for theirs?

It seems to me that foreign investors find the Singapore-listed blue chips a lot more attractive than their Malaysian counterparts - the market capitalisations and share prices show this.

Examples:

SingTel's closing share price on 31 Aug 09) was $3.14 (RM7.66). Telekom's closing share price on the same day was RM3.12.

Wilmar $6.54 (RM15.95). Sime Darby RM8.25
DBS $12.64 (RM30.84). Maybank RM6.51
Spore Airlines $12.86 (RM31.87). MAS RM3.15
SGX $8.36 (RM20.39). Bursa Msia RM7.80
SPH $3.66 (RM8.93). NST RM1.80; Media Prima RM1.48; Utusan RM0.83

The figures don't lie, do they?

Part F Now, let's look at the performance of some...

2009-11-18T16:19:50.578+08:00

Part F

Now, let's look at the performance of some stock markets in the region as indicated by changes from December 31, 2008 to November 17, 2009:

Singapore +56.96 per cent
Taiwan +68.43 per cent
Thailand +57.03 per cent
Indonesia +82.51 per cent
MALAYSIA +45.99 per cent

(Singapore Business Times, Nov 18)

I have not included the figures for the Chingkieland (Shanghai) and Injunland (Mumbai) stock exchanges, but they are definitely higher than that of Bursa Malaysia.

Now, since a fair chunk of Bursa's market cap is made up of Khazanah-controlled companies, what does this say about the attractiveness of the Malaysian stock market as compared with its counterparts in the region?

Even the pipsqueak little red dot's stock market is up almost 57 per cent since Dec 31, 2008. I wonder how a country with less than5 million population can achieve this?

Part E To continue with my analysis of the Chingk...

2009-11-18T16:02:40.595+08:00

Part E

To continue with my analysis of the Chingkieland economy. Of the world's 10 biggest companies by market capitalisation, 4 are from Chingkieland. They are Petro China (market cap US$345 billion), Industrial & Commercial Bank of China ($266 billion), China Construction Bank ($213 billion) and China Mobile ($191 billion) -compiled by Singapore Business Times with data from Bloomberg.

Now, tell us - what is the total market cap of ALL the companies listed on Bursa Malaysia? Yup, including the heavyweights like Telekom, Tenaga, Sime, Maybank etc.

And, for the heck of it, why not compute a hypothetical market cap for Petronas (the Malaysian govt's "crown jewel") and add it to the total? And compare that against the market cap for Petro China ($345 billion) or Brazil's Petrobras ($202 billion).

All together now - let's hear it for the "Malay Nationalists".

Part D To address the points raised about the Chi...

2009-11-18T15:52:20.507+08:00

Part D

To address the points raised about the Chingkieland economy, it should be noted that its 4 trillion yuan (approx RM1.95 trillion) stimulus package is intended to cover 2 years (2009 and 2010). Further, Chingkieland has sufficient fiscal capacity to maintain its stimulus, given a fiscal deficit of less than 3 per cent of GDP and a debt-to-GDP ratio of 20 per cent (Zhu Guangyao, assistant minister at the Chingkieland Ministry of Finance at the Apec finance ministers meeting in Singapore). Now, then - what are the corresponding figures (fiscal deficit and debt-to-GDP ratio) for Malaysia? Tell me, whose economy is in better shape?

Part C - the latest Corruption Perceptions Index ...

2009-11-18T15:44:39.399+08:00

Part C

- the latest Corruption Perceptions Index compiled by Transparency International showed Singapore as the world's 3rd least-corrupt country, after New Zealand (#1) and Denmark (#2). Malaysia was ranked 56th (from 47th last year). Would you, as a "Malay Nationalist", say that Singapore did good and Malaysia did bad, as far as corruption perceptions are concerned?

- for the sake of completeness, the same rankings showed China (#79) India (#84)and Indonesia (#111). Let's be thankful for such small mercies, eh?

Part B Warrior 231 So, you are a "Malay National...

2009-11-18T15:31:17.231+08:00

Part B

Warrior 231

So, you are a "Malay Nationalist", or so you claim.

Question: can a "Malay Nationalist" (or a "Chinese Nationalist" or an "Indian Nationalist" or a "WASP - White Anglo-Saxon Protestant") not be a racist?

Anyways, to address some of the points you raised:

- I don't see Singapore being significantly disadvantaged by levying a Goods & Services Tax. And even after cutting corporate and top personal income tax rates to 17 per cent and 20 per cent respectively, the Singapore govt finances and reserves are very healthy. Why else would it get triple A ratings from the likes of S&P and Moody's? (and what are the corresponding ratings for Malaysia?)

- for a supposed tax haven, Singapore has gotten off the OECD grey list and on to its white list by signing about 13 updated DTAs (Double Taxation Agreements with the OECD information exchange standards incorporated therein). For Malaysia, all there is a promise by the PM that Malaysia will get on the OECD white list by year-end. This is already mid-Nov.

P/S 2 Imagine how much of that moolah is from MAL...

2009-11-15T00:39:15.189+08:00

P/S 2
Imagine how much of that moolah is from MALAYSia as Indonesia once found out: “This has fuelled a view here that Indonesia's rich and corrupt have parked their ill-gotten money in Singapore banks and taken up permanent residence among the city-state's four million inhabitants to evade being nabbed by Indonesia's anti-corruption drive.” + Australia's ‘Age' newspaper reported recently, quoting senior fund managers based in Singapore, that the island state has become a global centre for parking ill-gotten money with no questions asked. They have pointed out that such funds flocking to Singapore helped to increase high-end property values by 30-50 percent last year” at : http://ipsnews.net/news.asp?idnews=37178

Other tidbits for your chingkie scaw twatlicking self to think about:

2. http://www.singapore-window.org/1020naus.htm

3. ……….Singapore are offshore financial havens in the Asia Pacific region. Because Chinese syndicates use these countries as production points for disc piracy and as starting points for human smuggling, they also presumably are involved in laundering their funds through these countries. Sheldon W. Simon, The Many Faces of Asian Security. (New York: National Bureau of Asian Research, 2001),page 214.

3. This one at: http://www.emeraldinsight.com/Insight/viewPDF.jsp?contentType=Article&Filename=html/Output/Published/EmeraldFullTextArticle/Pdf/3100010210.pdf
From here: http://www.emeraldinsight.com/Insight/viewContentItem.do?contentType=Article&contentId=1648346

5. a vain attempt at coverup already debunked in no.1 http://www.reuters.com/article/worldNews/idUSSIN6230020071006

You know what skilly, the chingkie are astute munafuckings sons of throatrammed and arsefucked sows. They affect high morality but hide the dirt in their unwashed arses and wormy cunts:

“Hong Kong and Singapore are the “economically cleanest” countries”
http://www.asianews.it/index.php?l=en&art=8753

Yeah..public image: clean as a whistle, hidden image: dirty as unwashed pigarse..get it!

Now for Chingkieland itself which is a huge hocus-pocus in motion. With facts, figures and fancies to boot that will make Najib quaver over his trust in scum who in reality will bleed us dry to fill its coffers but it will take time as I am in the midst of something that will wipe chingkie pigarses like u off this ……..

Warrior 231

P/Script : A. if one looks at the report at the ...

2009-11-15T00:37:13.484+08:00

P/Script :

A. if one looks at the report at the link below, one is appalled by the extent to which our Customs are missing out on revenue that is directly feeding the ravenous Chingkie appetite for raw materials. Damn the chingkie scum, if that 40% of illegal timber is converted into real dollars (by looking at the total timber exports to Chingkiland and multiplying that 40% at current market rates for logs per cu metres etc), imagine how much revenue is flowing away from Malaysia. As we know much of the timber operations in Sabah/Sarawak are controlled by Chingkie gangsta “warlords” and if corruption is involved as I suspect, its time to throw the book at them immaterial as to who they are and their connections! (source: Part C: China’s Timber Trade in a Global Context : Global Timber:
http://www.globalwitness.org/media_library_get.php/1098/1257038864/a_disharmonious_trade_pagtes_97_120.pdf

B. Another thing skilly, for all your hocuspocus of Singapore showing good governance, we know that it is one of the financial centres indicted for money laundering….Me making this up? No fucktwit this article bares it all and its from an outfit rich in the plagiaristic journalistic traditions of Kali kubur and Bwenda Pariahan:

1. http://www.themalaysianinsider.com/index.php/business/41995-singapore-among-economies-to-blame-for-financial-secrecy which effectively undercuts no. 4 below. Note : the original article (http://www.ft.com/cms/s/0/ea9f6964-c57a-11de-9b3b-00144feab49a.html?nclick_check=1) had Spore at 8 which MI deleted plus you will have lots of fun jerking your dead pecker beetroot red here: http://www.taxjustice.net/cms/front_content.php?idcatart=2
Moral of the story: Chingkieman launders his manna through two pig sty sewage sluice gates: for China : Hong Kong (ranking 10) and South East Asia and Australasia, the 2nd biggest concentration of Tongkang Chinese:Spore (no.8).

warrior 231

Part 2 Considering that revenue streams are dryi...

2009-11-15T00:27:22.436+08:00

Part 2

Considering that revenue streams are drying up in these hard times, I propose these steps:

1. reduce the corporate tax to 20% and adjust the personal income tax structure to more competitive levels vis-à-vis our competitors. The revenue lost will be regained through increased consumption of disposable income.

2. provide more capital allowances to the corporate sector especially to SMEs (CAs to be focused on plant and machinery purchases up to a period of 3 years with 60% writedown for the first year, introduce or expand the tax deduction for Capital expenditure on renovation and refurbishment, rescind the RPGT). This will greatly assist them to weather the existing downturn and position them to catch the next wave (if there is any coming)

3.provide tax incentives ala Singapore for the setting up of regional HQs for MNCs and also for purveyor for Islamic Finance ( burgeoning financial sector) that can leverage on our expertise in this area. The revenue gains form such activities will more than offset the reduction of rates.

4.most importantly, the IRB should make the more efficient collection of tax and tax arrears its no.1 priority especially amongst local chingkie pig arse denizens particularly the pretentiously poor hawking and small business fraternity. Tax evaders should be ferreted out and imposed the maximum tax penalties as well as be retrospectively assessed based on current income while fraudsters who have underdeclared should be hauled up, their past tax declarations scrutinized and penalties imposed retrospectively for the undeclared portions or current income is used as a baseline and projected backwards. In line with this per dollar expended to collect such revenue be reduced (I wonder what is Malaysia’s??) and the expropriation of cumulative tax arrears be expedited.

5.stricter collection of revenue in all sectors especially the raw materials sector and the weeding out of custom officials, politicians etc who are in cahoots with the chingkie comprador class.

6.the elimination of food and fuel subsidies except for the poor and underprivileged and the eventual introduction of a progressive GST tax structure with minimal impact on the underprivileged extending from lower middle income class downwards: for a 101: http://www.scribd.com/doc/19292539/GST-Aug-09-EDEL-Wwwmon3ycoNr

7.Introduction of a flat rate Tobbin tax on Chinkie wealth holdings to recompense their pendatang depredation of our natural resources circa :1800-1957 onwards; projected revenue could be Rm5-7 billion (conservative estimate)

There are a slew of other suggestions which I will hold over due to space constraints here but the essence is to put money in people’s pockets, and leveraging on their consequent spending to keep the economy humming and the polity purring. Moreover, the cost savings accrued by business will help to mitigate the problems they face now and embark on expansion programs directed at both local and foreign marts.

Warrior 231

Part 1 Wah lau, eh! For once, I am inclined to agr...

2009-11-15T00:19:45.827+08:00

Part 1
Wah lau, eh! For once, I am inclined to agree with ……..spewing out.

Answer: dei Fucktard skilly, the fact of the matter is, much of what you dismiss as racial claptrap is in actuality the truth about your esteemed arsefucking, throatramming and twatlicking gangstas. I am a Malay Nationalist NOT a racist and my view may not be palatable to your chink-centric universe but to pour cold water on my arguments without contrarian facts to debunk and virtually annihilate my thesis does not bespeak highly of your intellect and is indicative of your hogfarm tending background. You wanna fight us nouveau Malays, Skilly? Come armed with facts not chingkie jibes….get it

Your chingky wee pee wee rosy assessment of Spore’s revenue stream is way off the mark, Skilly In fact, Spore derives the bulk of its tax revenue
(17.2B or 58.5% from personal and corporate income while GST constitutes only 22% of the amount derived).
Google this article :
http://www.asiaone.com/News/The%2BBusiness%2BTimes/Story/A1Story20090827-163913.html

and do your maths, pigarse!The fact of the matter is that Spore is business friendly nature in terms of being a non-onerous tax regime has paid dividends both in terms of increased revenue. More over, compliance is much easier to effect and monitor within a 5 million highly wired “surveillance” society. The fact that Spore still managed to ferret out S200 million in tax evasion speaks volumes of the dastardly chingkie habit of evading payment through subterfuge such as double bookeeping, under-declaration, illegal transactions.

I bet if the Malaysian IRB bucks up its tax collection initiatives an extra 3-4 billion (conservative estimate) is out there being sequestered away by the arselicking, pig arse shagging Chinkie bastards as my earlier Star link hints.
If you are wondering at how large the gap is with regard to tax regimes ( corporate and individual), the tables on pages 41 and 42 of the link below will provide you an idea:
http://www.pwc.com/en_SG/sg/budget-commentary/assets/budget-commentary-2009.pdf

plus you need to note that there is even a tax for Regional HQs which amounts to 15% even though the spread between that tax and corporate tax has narrowed to 2%.

Warrior 231

I have a car that I bought in 1991. For myself, I ...

2009-11-14T12:32:34.950+08:00

I have a car that I bought in 1991. For myself, I don't need Puspakom to tell me that my car is road worthy or not since I have been religiously taking good care of it and making sure that it is safe to be driven.

Dalam zaman semua harga naik and gaji lebih kurang statik, is the government wise to ask people like us to go to Puspakom for car checkup? Duit lagi keluar. Are our road accidents caused by dilapidated cars or bad drivers? Haiya...those fat and chubby politicians ought to really think hard about car checkup with Puspakom before bringing it to the rakyat. If they had done so, tak payah flip flop. Is flip lopping their exit plan? Teringat Si Dol masa dia jadi PM.

some people prefer old cars over new proton cars. ...

2009-11-14T01:03:26.566+08:00

some people prefer old cars over new proton cars. they spent thousand to maintain the cars thus I don't think those cars are buruk ones. why are people doing that. Firstly because the quality of those cars compared to proton. Secondly because the taxation on imported HIGH QUALITY and SAFE cars is so high. Let proton compete openly so that the quality of its cars can be upgraded. no protection. no high taxation. if you don't push proton hard enough you won't get them make quality cars.

not to scrap or to scrap, not to....Malaysia Boleh...

2009-11-13T19:05:21.662+08:00

not to scrap or to scrap, not to....Malaysia Boleh, Macam Macam Boleh!

Part A. Wah lau, eh! For once, I am inclined to a...

2009-11-12T17:00:11.707+08:00

Part A.

Wah lau, eh! For once, I am inclined to agree with what Warrior XXX has posted - the qualification being that this applies to his views on the economy and not to the racist claptrap that he/she is prone to spewing out.

I would venture to suggest that government spending is constrained by:

- a budget deficit of about 7.6 per cent for the current financial year. Continued budget deficits are unsustainable as they will adversely impact the country's sovereign ratings and raise the costs for Malaysian government bonds.

- petroleum revenues comprising about 40 per cent of govt revenues. This, again, is unsustainable, because as the CEO of Petronas has pointed out, Malaysia's reserves of oil and gas are diminishing commodities.

- the government has little additional ammunition to raise revenues if palm oil prices remain depressed in the light of competition and increased productivity from the Indonesian palm oil industry.

- a tax on consumption, like the proposed Goods & Services Tax (GST), would be one way for the govt to raise funds to plug the budget deficit. Singapore has proved that a GST can work, coupled with the facts that it has been able to accumulate sizeable reserves, reduce the top personal income tax rate to 20 per cent and the corporate tax rate to 17 per cent. And the Singapore dollar is one of the strongest currencies in the world. Singapore may be a city-state of 5 million people, but it has shown that good governance, a commitment to free trade and open markets for goods, services and talent coupled with super-efficient infrastructure can make the economy resilient in times of economic crisis.

Its not a practical idea la! Cars in malaysia are ...

2009-11-11T13:40:01.193+08:00

Its not a practical idea la! Cars in malaysia are so expensive! How do you expect people in the lower income group to buy new cars. Do you think anyone in their right mind wants to drive a beaten up old rust bucket?

hello rocky; Supposed if our NAP policy maker hav...

2009-11-10T22:37:48.948+08:00

hello rocky;

Supposed if our NAP policy maker have genuine concern about public safety first of all they must take this 30 years old bus off the road.

http://www.youtube.com/watch?v=SjA7p03Cg8g

I don't really understand doesn't this aging bus poses hazard to public safety more than that of an15 year old car?

NAP please wake up. :)