Friday, December 18, 2009

Millionaire tax defaulters


Reports by LEE YUK PENG, LOH FOON FONG and YUEN MEIKENG (18.12.2009)

A MILLIONAIRE from Penang has emerged as the number one tax defaulter in the country after owing the Inland Revenue Board (IRB) more than RM36mil. The board has initiated a civil action against the unidentified millionaire to recover the backdated tax. The person to hold the dubious title as the second highest tax defaulter is a millionaire from Sarawak who owes the Government over RM20.5mil. He is also facing court action by the board.

The two are among 100 high income earners who owed the board more than RM320mil as of September, said Finance Minister Datuk Seri Najib Tun Razak in a written reply to Lim Lip Eng (DAP – Segambut) at the Dewan Rakyat yesterday.

He said the person who owed the Govern-ment the third highest amount of backdated tax was a millionaire from Kuala Lumpur. The person, he said, had defaulted in over RM19mil of taxes and had been notified of the board’s intention to initiate a civil suit against him. Najib said the fourth and fifth biggest defaulters were from Sarawak. They owed the Government over RM13mil and RM9.4mil respectively. In the sixth, seventh and eighth place of the top tax defaulters were millionaires from Kuala Lumpur who owed the Government RM7mil, RM6.94 mil and RM6.9 mil respectively. Najib said the sixth millionaire was facing legal action while the seventh and eighth have been barred from leaving the country.

He said income earners from Kuala Lumpur topped the list in owing the Government a total of RM142mil followed by Sarawak (RM54.8mil) and Penang (RM51mil).

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