Pua questions how govt can raise revenue with income tax cut

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Damansara MP Tony Pua is puzzled as to how Putrajaya could achieve, as stated in Budget 2021, an 18 percent hike in personal income tax revenue after reducing income tax by one percent for those earning between RM50,001 and RM70,000 annually."The government is expecting to increase its revenue to RM172 billion in 2021 from RM153 billion in 2020. That's fine (with me)."But what shocked me is a significant chunk of the projected increase in revenue is coming from personal income tax, which is from RM35.9 billion to RM42.4 billion (in 2021), which is an increase of 18 percent," he said.Pua, who is DAP's national publicity secretary, was speaking in an interview with KiniTV earlier today.He said he was not sure how the government could announce a personal income tax reduction of one percent for one tax bracket but at the same time increase its projected inco…