Budget 2020 Analsyts Call For More Spending On Welfare Wages




As Putrajaya plans the upcoming budget around its Shared Prosperity vision, academics have pressed for a bigger focus on welfare and wages
Presenting his thoughts at the Budget 2020: Making Shared Prosperity a Reality forum today, economist Jomo Kwame Sundaram said he foresaw a global recession and stressed that an expansionary budget was necessary to weather the risks
The upcoming budget needs to allocate a bigger portion of public funds on healthcare, education and social protection so that more Malaysians benefit from these programmes, he said
Jomo lauded Putrajaya’s focus on technical and vocational education and training (TVET) as well as on the recently announced free breakfast initiative for primary school students. 
For the latter initiative, he proposed local smallholder farmers be prioritised to supply food to schools as this would stimulate the domestic agriculture sector and encourage more food crops
“It needs to be an all-government approach where the education ministry works with the health ministry and with the agriculture ministry as well as other ministries, and very importantly, (they must) work with civil society,” he added
Rather than highways and petroleum, Jomo proposed that the country’s fiscal policy stimulate the economy in a more sustainable way by supporting the renewable energy sector
This was especially as global demand for such products was on the rise
In particular, local entrepreneurs should be incentivised to research and develop products like photo-voltaic solar cells and palm oil-based biodiesel, he said
Tax incentives for higher wagesThink tank Ideas, who organised the forum, proposed that Putrajaya incentivise corporations to pay employees a “living wage” and not just the minimum wage
Presently, the national minimum wage is RM1,100
Rather than impose a blanket policy, which research director Laurence Todd forecasted would hurt businesses, he said firms could be given tax incentives when they paid above the minimum wage
Another suggestion was to implement employee equity schemes where workers, especially those who earned less, would be given shares of the company they worked at
Todd said that this would distribute profits back to the people who worked for them, giving employees a bigger share of the economy
Capital Gains taxTo deliver the Shared Prosperity goal, Todd analysed that Putrajaya would need to widen its tax base and proposed that a five percent capital gains tax be introduced
Capital Gains tax is usually applied on profits garnered in the sale of assets
Panellist and former lawmaker Dr Michael Jeyukumar (photo) agreed with this new tax, adding that it was already implemented in countries like India
The PSM chairperson was particularly concerned about countries in the ASEAN were competing in what he termed a “race to the bottom” when it came to corporate tax
As Malaysia’s neighbouring countries lower their corporate taxes in a bid to attract foreign direct investment, he hoped Putrajaya would resist the urge to do the same
“If we don’t stop this race to the bottom, the government will have no money to spend [...] if we can’t get the wealth, this will affect this shared prosperity vision,” he cautioned
The budget is slated to be tabled in the upcoming Dewan Rakyat sitting which begins on Oct 7. - Mkini

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2019/09/budget-2020-analsyts-call-for-more.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Solarvest Hopes For More Solar Incentives In Budget 2020

Solarvest Hopes For More Solar Incentives In Budget 2020

papar berkaitan - pada 12/9/2019 - jumlah : 62 hits
Davis Chong KUCHING Solarvest Holdings Bhd s wishlist for Malaysia s Budget 2020 is that more will be done to enhance the uptake of solar photo voltaic installations in residential homes This comes as the government has set a target of
Toursim Will Be Area Of Focus For Budget 2020

Toursim Will Be Area Of Focus For Budget 2020

papar berkaitan - pada 21/9/2019 - jumlah : 61 hits
Tourism is expected to be an area of focus for the upcoming Budget 2020 in line with the VMY2020 campaign Bernama photo KUCHING Tourism is expected to be an area of focus for the upcoming Budget 2020 in line with the Visit Malaysia Year 202...
More Improvements For Android On Entry Level Phones

More Improvements For Android On Entry Level Phones

papar berkaitan - pada 26/9/2019 - jumlah : 88 hits
In many places in the world entry level smartphones are often the first and only way people get access to the internet As we build Android for everyone making sure that these devices are affordable and high quality is a top priority That s ...
The More Cities The Better For Malaysia Says Academic

The More Cities The Better For Malaysia Says Academic

papar berkaitan - pada 7/9/2019 - jumlah : 67 hits
Survival rate in cities is better says an academic who advocates more urbanisation KUALA LUMPUR An academic has called for policies to encourage the building of sustainable cities across Malaysia to bring about overall improvements in healt...
Umno Pas Unity Is Merely A Call For Malays To Unite On Platform Of Race And Religion

Umno Pas Unity Is Merely A Call For Malays To Unite On Platform Of Race And Religion

papar berkaitan - pada 16/9/2019 - jumlah : 99 hits
Despite the fanfare generated about the new attempt at political cooperation both the parties will have a long way to go in unseating the PH in the next general election P Ramasamy Free Malaysia Today Pakatan Harapan might have problems but...
Thai Mps Call For Pm To Resign Following Oath Omission

Thai Mps Call For Pm To Resign Following Oath Omission

papar berkaitan - pada 19/9/2019 - jumlah : 62 hits
Prayut was the five year junta regime chief before a disputed March election tilted to the military formally ushered him in as a civilian prime minister AFP Photo Thai opposition MPs demanded premier Prayut Chan O Cha 8217 s resign followin...
Kadir 2020 2030 Or 2050 No Specific Date For Dr M To Pass Baton To Anwar

Kadir 2020 2030 Or 2050 No Specific Date For Dr M To Pass Baton To Anwar

papar berkaitan - pada 24/9/2019 - jumlah : 56 hits
There is no specific date regarding the transition of power from Prime Minister Dr Mahathir Mohamad to his designated successor PKR president Anwar Ibrahim according to A Kadir Jasin Kadir who is Mahathir s media and communications advisor ...
In Malaysia Day Messages Dr M And Anwar Call For Unity In Face Of Division

In Malaysia Day Messages Dr M And Anwar Call For Unity In Face Of Division

papar berkaitan - pada 17/9/2019 - jumlah : 71 hits
Prime Minister Dr Mahathir Mohamad and PKR president Anwar Ibrahim have called for unity in the face of division in separate Malaysia day messages Mahathir in a special appearance in a Malaysia Day music video by Hazama Azmi recited a poem ...
2 Kali Kepala Melantun Kat Lantai Padan Muka Kau Netizen Puas Hati Tengok Mangsa Belasah Pembulinya

Take Note Kalau Suka Sangat Share Gambar Apa Yang Anda Makan

Jalan Mudah Masuk Surga Tebar Salam Dan Shalat Malam

Adakah Mereka Scammer Semak Dahulu No Akaun Bank Tersebut Disini

Taobao Store Terbesar Di Malaysia Bakal Dibuka Di Cheras

Suami Isteri Yang Naik Motor Bersama Hidup Lebih Bahagia

How A Painful Work Experience Can Turn Into A Powerful Opportunity For Peace Growth

Kuih Lompang Ada Nostalgianya



4 Kitab Sihir Bukti Fitnah Manusia Ke Atas Nabi Sulaiman

5 Kisah Asal Usul Laman Dan Aplikasi Popular Yang Mengejutkan

Bolehkah Seorang Muslim Berkahwin Dengan Individu Kembar Siam

Biodata Dan Latar Belakang Pelakon Fify Azmi

Mengapa Pulut Kuning Sering Dikaitkan Dengan Amalan Mistik


Mengapa Hawa Tercipta Ketika Nabi Adam Tidur

Bahan Kimia Yang Dibuang Di Dalam Sungai Kim Kim

Pasar Kedai Payang Baru 2019 Kuala Terengganu

Tips Melancong Ke Istanbul

Orang Perempuan Bila Emosinya Penat Maka Segala Sikap Perangainya Akan Keluar

Persediaan Kelengkapan Sekolah Rendah Dayyan