Tuesday, October 10, 2006

"Tok Kok Sing Song"

  1. US oil major Chevron and Malaysia's Petroliam Nasional Bhd (Petronas) will pay Chad US$281.6 million (RM1.04 billion) under a deal to end a tax dispute which saw them threatened with expulsion from the central African country, the Government said. (Business Times, 9th Oct 2006)
  2. According to D-G of IRB, Tan Sri Zainol Abidin Abd Rashid, Petronas is a responsible tax payer. “There is no reason for Petronas not to pay tax and hurt its own reputation,” Zainol said. “I don’t believe that Petronas would have done that as it is an international class company and the sole local company listed on the Fortune 500.”
I learned about "deduction" method from the Mathematics classes that I have attended under the great Malaysia education system. This is how I apply the technique, "If statement 1 is true, then Petronas is a f*ck-up company since they earned billions from the country but not paying tax", else, "ZA from statement 2 must be bull-shitting since Petronas has already admitted to the tax dispute". Did I score a 100 marks or 0?

All these statements sound so faimiliar to me, what does "the sole local company listed on the Fortune 500" has to do with not paying tax? The same goes to when Muhyiddin's claim on the equity dispute that
ASLI's report is "rubbish", simply because it "challenges the government authority". Maybe the local company and government has grown so great that people start worshipping it.

Those from Singapore can easily put this in a very straightforward, simple term "tok kok, sing song". Let's Karaoke.


At 2:01 PM, Blogger chong y l said...

hi O2 deprived mate:

Thanks for visiting, and I promise I'll add more O2 to the tehtarik I serve.
Re: Petronas, it can start its first step towards Transparency by publicising its Annual Stateement of Accounts. Otherwise, it's abusing the "NationaL" claim in its name as National Oil Corporation! I certainly, as a Malayisan, object to this abuse!

At 3:30 PM, Blogger O2Deprivation said...

Desi, thanks for dropping by.

If there is transparency in Malaysia's system, I guess it can save the public a lot of blogging time.


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