Greater clarity required on dividend tax

THE saying that the only sure things in life are death and taxes is often attributed to Benjamin Franklin, but he is not the original author of the famous quote. In fact, its origin traces back to an early 18th Century comedic play in England.

In 21st Century Malaysia, the government is facing a cash crunch as operating expenditure (opex) rises relentlessly to a point in the near-future where almost all revenue would be earmarked for opex, with none to fund development expenditure crucial for growth.