Najib's high income, low taxation economic model very viable

IPOH: The country's annual economic growth record since 2010 is a good indicator for implementing a lower taxation policy.

Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said he was confident that the high income, low taxation economic model prescribed by Prime Minister Datuk Seri Najib Razak's could be achieved as the country's income continued to increase. 

 

"We have been enjoying record growth every year from 2010 and I believe 2013 too, will be another record growth year. 

"As the corporate sector revenue increases, individual workers' income will also increase. 

"This is when the government would be able to dictate whether to increase or reduce tax," he said when met at the Tambun parliamentary constituency Chinese New Year open house here yesterday. 

Ahmad Husni said the government had already started discussions for the policy to reduce personal and corporate tax rates. 

"These are the two sectors that we are focusing on currently," he said.

(Source: http://www.nst.com.my)