MALAYSIA REVENUE
July 1st, 2003
BY MARK ROWE
MALAYSIA lost RM1.2 billion (US$350 million) in tax revenue last year as a result of an increase in trade in contraband and counterfeit cigarettes. The Domestic Trade and Consumer Affairs Ministry said smugglers were exploiting poor enforcement at major ports in both the north and south of the country to bring in contraband and counterfeit cigarettes.
MALAYSIA lost RM1.2 billion (US$350 million) in tax revenue last year as a result of an increase in trade in contraband and counterfeit cigarettes. The Domestic Trade and Consumer Affairs Ministry said smugglers were exploiting poor enforcement at major ports in both the north and south of the country to bring in contraband and counterfeit cigarettes.
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