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Kah Ming Ching Xiong Eong Xien Heng Jun Yi Sheng Yew Wei
Wednesday, October 21, 2009
With the new budget to be announced this coming Friday. How can we benefit from it? What can we expect?

i) Just like previous years, we are most likely to expect the tax on cigarettes and wine to be further increased.

ii) A slight or rather a small decrease on company tax (who gives a damn about this 1? I don't or neither any of my friends or family own a company which earn enough profit to get taxed by the authorities. In other words, not really our concern)

iii) Decrease of import duties on non-national cars (been waiting this 1 for years, but has yet to come. However, by implementing this, it will be digging a grave for our own national car manufacturers. Forget this point then)

iv) Fuel subsidies (i personally think that RON95 is much more non fuel-economic than RON97 despite the price is similiar to the previous price of the better 1. We pay the same amount of money but for a worse fuel? Go finger yourself)

v) Decrease of duties charged on overseas goods (by that, no one will want to buy locally manufactured goods or products anymore. As a result, many local companies will wind-up and our economy will not grow. Therefore, this 1 is not likely to be included in the new budget)

vi) Further increase of allowances and salaries for civil servants (no doubt, we see this coming all these years)

vii) To allocate money or funds on the structuring of new schools and hospitals (what's the point of building them if they are located in some rural area? Or even better, buildings which tend to collapse or suffer cracks, leakages before put into use?)




With that being said, i guess all we can expect this Friday is...... NOTHING.


Well done!!! Hopefully, the coming budget (after the 1 coming out this week) will be as 'good' as this predicted 1.




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