Posted by hellbender > 2019-04-12 13:17 | Report Abuse

The way i see it, there is a vendetta on Genting because Genting was seen to support the BN Govt. No choice Genting has to do the bidding of the current government under Mahathir. Currently not even 1 year has passed and already got so many political moves against GENTING: 1) Casino Tax 2) Levy Tax 3) Equanimity ... still got 4 more years to go. Hold tight cause the road is rough ahead. Now you see the keyman in Genting supporting and doing photo ops to boost their relationship with the Govt. Only time will tell..

Posted by boostmy > 2019-04-12 15:46 | Report Abuse

Not really the case:

Dr Mahathir called Tan Sri Lim Goh Tong an “exemplary corporate citizen” who complied with regulations and policies and willingly supported the Govern-ment’s restructuring efforts and was still able to attain outstanding success.

https://www.thestar.com.my/news/nation/2007/10/24/lims-business-success-story-will-remain-unrivalled-for-years-to-come/#5zi6psed7e11a81G.99

Posted by boostmy > 2019-04-12 15:53 | Report Abuse

Thanks

Posted by wolfofWS > 2019-04-12 22:19 | Report Abuse

1) The 4.8bn tax is for the group and not just Malaysia operation. Hence your calculation and assumption on SST are also wrong

2) Can you break it down by country at least to estimate or support your theory?

Posted by Jun Yu > 2019-04-13 04:07 | Report Abuse

Agreed. The 4.8bn tax is for the group and not just Malaysia operation.

Posted by Jun Yu > 2019-04-13 04:07 | Report Abuse

boostmy maybe you can request the actual malaysia tax contribution data from IR by email...

Posted by boostmy > 2019-04-13 16:14 | Report Abuse

Malaysia gaming ops is the largest contributor to gaming revenue. The gaming tax is lower at all other countries. Hence it should actually bring down the gaming tax rate. Already excluded income tax paid.

Posted by wolfofWS > 2019-04-15 21:33 | Report Abuse

boostmy

Can you advise what is the rate in UK,US and the proportion of tax contribution in Malaysia, UK and US?

Posted by smalltimer > 2019-08-12 00:52 | Report Abuse

Genting paid at least rm100m to govt during erection May 2018