More for my reference than anything else…
I originally read it in the dead tree edition of The Edge. Its a pity they don’t place all their content online (worried about people not buying your paper for RM5? Place it online after a month, its “dated” enough to be free).
- According to Second Finance Minister Nor Mohamed Yakcop, only 1.2 million of Malaysia’s 10.5 million workers earn more and pay income tax.
- Only 38,500 earning a taxable income of RM100,000 and above are in the highest tax bracket.
The above via Malaysians brace themselves for higher cost of living. If you can get past the opinion, most of the article is quoted in this comment.