Selangor MB proposes federal govt use 5pc of corporate tax revenue for SME development in states

KUALA LUMPUR, March 7 — The Selangor Menteri Besar has proposed that the federal government allocate 5 per cent of the annual corporate income tax revenue to be distributed to the states based on the state’s achievements in developing small and medium enterprises (SMEs).

Datuk Seri Amirudin Shari, who is also the Member of Parliament for Gombak, said this is because SME development…