I've been very critical of the present ruling government for a while but I think they begin to listen to Rakyat. If they walk the talk, they will have a chance in 2013.
Thumb up:
1) Committed to reduce to 5.6% of fiscal deficit with prudent GDP growth expectation of 2-3%. Some upside if growth comes in stronger than expected.
2) Maximum personal income tax reduction from 27% to 26%. EPF/insurance relief from $6k to $7 and RM 500/year relief for broadband subscription. Tax relief from $ 8 k to $ 9 k. High income group will be a bit happier.
3) Incentives to develop service sector.
4) Incentives to promote Green technology.
5) Reverting to 11% saving on EPF.
6) Working on public transportation
7) Taking care of student welfare and begin to talk about merits.
Minor dissapointment
1) Property taxes are up on residual value - 5%.
2) No goodies for REIT
3) Why discriminate between those work in Iskandar (15%) vs. the rest (26% max)?
http://www.treasury.gov.my/index_bi.html
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