GEORGE TOWN, May 29 — The Penang government has asked for a review of the federal allocation system in a bid to get 20 per cent of the taxes collected from the state...
What else do you want me to do? Azam Baki says MACC found no conflict over Yeoh’s husband’s transport deal with Selangor
Chief Minister Chow Kon Yeow said the Income Revenue Board collects between RM7 billion to RM8 billion in taxes from Penang. Chow said that Penang may be at the forefront of the semiconductor sector to attract investors but other sectors such as property, transport, services and recreation also played a role to spur development in the state and needed more funds to carry out its various projects.“What we are short of is that the fruits of development in the state were channelled to the federal government, so we need to review the federal allocation system for each state.
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