Budget 2021 must stop the leakage to grow the economy - RTBA Malaysia

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KUALA LUMPUR: Malaysia can no longer afford to turn a blind eye to revenue losses caused by a RM300 billion shadow economy when the national economic ...

: Malaysia can no longer afford to turn a blind eye to revenue losses caused by a RM300 billion shadow economy when the national economic outlook remains bleak, said Retail and Trade Brands Advocacy Malaysia Chapter .

The four-point proposal includes increasing funding to the relevant enforcement agencies to recruit more personnel, conduct advanced training and provide better equipment to enhance performances and safety, and to review price mechanisms and excise structures that would address the large price differential between legitimate and illegal products, thus removing the motivation of black market perpetrators.

 

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