Malaysian Personal Income Tax Rate

  • Convert Income to Capital Gain and Pay Less Tax
    Most people distinguish between capital and income. You read about people, especially retired people, whose capital sits in a bank or building society account while the owner lives on the income alone (mustn't touch the capital!). For people with little money and financial knowledge this is not a bad rule, except of course the capital depreciates every year due to inflation. I learnt many years ago that you should regard your money as a machine that generates cash. At times the machine may grow Read More...
  • Tax Exemption for New Singapore Companies
    For newly incorporated Singapore companies, full tax exemption will be granted on normal chargeable income of a qualifying company up to $100,000, for any of its first three consecutive years of assessment (YA) that fall within YA 2005 to YA 2009. To qualify for the tax exemption for a relevant year under the new scheme, a company must: o be a company incorporated in Singapore o be a tax resident in Singapore for that year o have no more than 20 shareholders throughout the basis period relat Read More...
  • Tax Alternatives: The Negative Income Tax
    Nothing gets people more riled up than a discussion of taxes, but what alternatives are there to the current system? The negative income tax is one such possibility. Tax Alternatives: The Negative Income Tax The current tax system in the United States is an unmitigated disaster. Nobody really denies this fact, one of the few issues that seem to unite republicans and democrats in our country. The tax code is so big, nobody has a grasp of it and that includes the IRS. While you and I may groan o Read More...
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