“IRBM denies that it has set such a target for its audit officers,” the Inland Revenue Board of Malaysia said in a statement Sept 8. “This sort of rumour has been going around Malaysia for quite a while,” he told Bloomberg BNA on Sept 12. Tax targetThe Southeast Asian country does have a 2017 direct tax revenue target of 127 billion ringgit, state news agency Bernama reports. But Malaysia's revenue board suggested it is more than on track, saying year-to-date tax collections have seen an annual increase, without giving figures. Malaysia's Freedom on the Net report by Freedom House can be found at: https://freedomhouse.org/report/freedom-net/2016/malaysiaThe Natixis analysis of Malaysia's economy can be downloaded at:https://www.research.natixis.com/GlobalResearchWeb/Main/GlobalResearch/V...

Source: The Edge Markets September 13, 2017 09:00 UTC