Apakah penghapusan pengkelasan pendapatan isi rumah ini bakal memberi daya imbang kepada kemelesetan ringgit mahupun peningkatan kos isi rumah secara amnya?
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Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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NewsTranscript
00:00 Less than 30 days before 2024, many are waiting for the impact of the abolition of income tax, which will be implemented in the coming years, as announced by the Minister of Economy, Rafi Zee Ramlee last June.
00:20 The categorization of E20, M40, B40 by now is meaningless because it's just a statistical politic.
00:39 One of the questions is, will the abolition of income tax balance out the increase in household income?
00:52 The government announced in May that it will start implementing basic socio-economic changes from the approval of the B40, M40 and T20 income tax to income tax that can pay for household income from January 2024.
01:09 According to the economist, Barjaya Badai, the abolition of income tax is needed and important in abolishing a policy.
01:19 We still need this categorization, but it is very loose.
01:26 This is one of the most common.
01:31 For example, in the M40, it is not much different from the B40, because in Malaysia, most of the workers get income that is only slightly higher than the B40 level.
01:56 The economic expert, Madeleine Berma, also opined that usually, the abolishment of income is measured by the number of gross income because it is easier.
02:04 But there is a gap if the individual is working in an informal sector where the income can vary.
02:15 While those who work in the informal sector or private sector can avoid it.
02:24 Sometimes their income is actually high, but they are classified as below their level.
02:30 So there is a problem where many say that using gross income is something that is not reasonable to determine the classification of the B40, M40 and T20.
02:44 The main data management system was also developed to promote this initiative.
02:48 The main objective is to enable the initiative to allocate subsidies to the government and government aid after this is done more evenly, thoroughly and thoroughly.
02:59 We want Padu to be operating on a real-time basis for us to do this.
03:07 Once we have that, how much we want to allocate to whom depends on the government's ability and how much we want to allocate.
03:17 And that's going to happen next year.
03:21 But is the Padu system, which was scheduled to be implemented in January 2024 until March 2024, able to ensure the existing classification?
03:33 At the same time, it improves the implementation of the subsidy system to the target group.
03:38 So now the government has not yet set its threshold, it is still in the process of data management.
03:46 Because this thing is important in terms of data use.
03:49 Because this thing can be subject to abuse.
03:52 This is what we are afraid of, what we call the error of omission, where people who deserve it do not accept it, those who do not deserve it accept it.
04:02 Even so, the abolition of subsidy is not a popular move.
04:07 But what about experts?
04:10 The only problem now is that everyone accepts the subsidy.
04:16 Whether you are a foreigner or a local, the first, the second, and more importantly, it does not count as an income class.
04:24 So who needs it in this context?
04:27 It is those with low incomes.
04:30 So this subsidy should be used by those with low incomes.
04:37 And this is very important, because if they still use the data from the house, they will be restricted again.
04:47 So this is an increasingly complex issue.
04:52 But we will try to overcome it with maybe when we have such micro data, we can continue the study because we give the individual a chance to answer questions, to update.
05:09 So we can get better information to implement this subsidy.
05:17 But the main question is, is inequality and socioeconomic gaps capable of being re-acquainted with the efforts of the government?
05:26 If it succeeds, will Malaysia be able to regain its wealth and then increase the country's income?
05:34 Amirah Ismail, Berita FMT.
05:38 [MUSIC PLAYING]