Soda Tax

Taxes are in focus at budget time. Some lesser known ones:

  • Digital Tax, also kown as Google tax and Amazon tax, is a tax on digital services purchased from foreign firms eg buying a Facebook ad.  If one engages a local advertising agency, that agency hires local staff, pays rental, salaries, taxes, suppliers, and the staff lunch at the local mamak, but payments to foreign digital firms do not confer such benefits to the local economy, hence the concept of a Digital Tax. [On the other hand, some of these digital firms do not charge for search, messaging, social media etc. Further pros and cons are beyond the scope of this note.]
  • Any 'TaxTech'? There is a radical proposal in the US for a FairTax system, which eliminates all taxes (income, corporate etc) and replaces them with a consumption tax of an initial, proposed 23% (with 'prebates' - proactive rebates - for the disadvantaged). This rate is adjusted each year depending on collection and spending. The tax is still being debated because, among other considerations, it is undecided whether it should be in the form of a Sales Tax or Value Added Tax (both are consumption taxes).

Pick of Events (W2-Nov-2018)

Budget Analysis
Link MDEC Uppercase @ KL (Gratis)
Link UTAR Accounting @ KL (Gratis) tix
Link Financial Bloggers @ OL (Gratis)
Link MOF Whatsapp @ OL (Gratis)
Link MITI Incentives @ KL (Gratis) tix
Link SQL Account @ Kuching (MYR 50)
Link Baker Tilly @ KL (MYR 175)
Link Grant Thornton @ MY (MYR 550)
Link CPA Accountants @ KL (MYR 550)
Link MIA Accountants @ MY (MYR 600)
Link Securities Industry @ KL (MYR 550)
Link Property Developers @ KL (MYR 888)
Link PwC @ KualaLumpur (MYR 980)
Link Deloitte @ Malaysia (MYR 990) tix
Link E&Y @ KualaLumpur (MYR 1060)
Link KPMG @ KualaLumpur (MYR 1100)

Link Reengineering SMEs @ KL
Link Energy Efficiency @ KL tix
Link Smart Manufacturing @ KL also
Link Nomura Digital @ KL
Link AuntiePreneurs @ KL tix
Link Distributed Economy @ KL tix
Link EdTech Day @ KL 1 2
Link Kaki LinkedIn @ KL tix
Link Kaki Borneo @ KK
Link Cashless Society @ CJ
Link Directed Graph @ CJ
Link Thai Logistics @ PG tix

Link Poetry Meetup @ PG tix also
Link Comedy Meetup @ KL
Link Books Meetup @ KL tix
Link Cooks Meetup @ KL

Around The Region
Link Food Security @ Singapore
Link Intro to China @ Singapore
Link Robo Expo @ Singapore
Link Performing Arts @ Bangkok
Link Consumer Fintech @ Jakarta tix