From Malaysia Today
By Ken Vin Lek
PJ Utara MP Tony Pua today revealed that Kuala Dimensi Sdn Bhd (KDSB), the key contractor in the Port Klang Free Zone (PKFZ) project, has not paid taxes for the past 13 years totalling RM328.4 million.
“A business newspaper report today revealed that KDSB has not paid its taxes since 1997 because it disputed the figure given by the Internal Revenue Board (IRB). If there is a dispute, why didn’t KDSB solve it as soon as possible instead of allowing it to drag on for so long?” he asked.
Pua also criticised KDSB’s owner, Tiong King Sing (who holds a 64% stake in company), and is the chairman of Barisan Nasional Backbenchers Club.
“It doesn’t mean that just because he (Tiong) is a prominent banker of BN, he allows his company to get away with not paying taxes,” he added.
A report released by the Companies Commission of Malaysia on KDSB’s key financial information stated that KDSB has RM932.6 million in current assets.
Pua said that legally IRB can seize KDSB’s assets to recover the tax money.
“KDSB has more than enough assets for IRB to seize and I think IRB should do it immediately, without having to go to the Port Klang Authority (PKA),” he said.
“If not, at the very least, charge the directors as they are the ones responsible for tax matters,” Pua said.
‘Crazy figures’
Faizal Abdullah, a former Kapar Umno Youth chief, has recently been appointed the new chief executive officer of KDSB to replace Tiong.
In an interview with a local newspaper, Faizal denied that the company has outstanding taxes of RM328.4 million, saying the tax figures released by the IRB were “crazy”.
Faizal also challenged IRB to bring the company to court to prove its figures, saying that KDSB always clears its taxes on time.
PKA was due to pay the next instalment amounting to RM772 million in 2010 to various bondholders on behalf of KDSB. But it was forced to back down when it was discovered that KDSB has outstanding taxes due amounting to RM 328.4 million.
In 2009, PKA sued KDSB for RM1.4 billion, citing huge cost overruns associated with the PKFZ project.
this son of a gun company must be deleted fromthe registrar of Societies and the company liquefied to pay out their outstanding dues!
Reply
Jabatan hasil hanya akan ambil tindakan pada mereka yang tidak ada kaitan dengan BN, percayalah. Semua itu sudah termaktub dalam piagam pelanggan mereka. Termasuklah juga agensi seperti Polis, SPRM, SPR, Peguam Negara, dan banyak lagi agensi kerajaan lain. Percayalah…
Reply
Welcome to the 53 years BN/Umno rule Bole Land(Malaysia)
Reply
Kalau dah busuk tu, di mana mana sahaja akan busuk, walau dipakaikan baju MP atau baju Dato’ Malangnya bagi Malaysia, apabila ada baju MP atau Dato’ atau Tan Sri, ianya menjadi penyalut atau pembungkus (insulator) untuk kesemua kejahatan. Kerana itulah ramai berebut-rebut membayar mahu menjadi MP, ADUN dan gelaran dato dll.
Reply
1 company owe IRB RM300mil.. Probably there will be another 99 companies or more… So, RM30 billions debts to IRB.. Nevermind…. Revoke subsidies.. I am proud to be Malaysian!
Reply
Kita rakyat biasa yang tak ada kena mengena dengan UMNO/BN kena bayar cukai. Lambat sikit kena denda. Kerajaan UMNO/BN pula guna hasil cukai ini untuk projek-projek pembangunan yang riuh dengan papan-papan tanda bertulis “satu lagi projek pembangunan kerajaan UMNO/BN” di merata Malaysia. Syarikat-syarikat kroni UMNO/BN tentu dapat jadi kontraktor projek-projek ini sebab ianya projek pembangunan kerajaan UNMO/BN.
Banyak projek-projek ini yang tak siap-siap. Duit pendahuluan dan bayaran progres dah dapat ber-milion-milion tapi lesap entah kemana. Ada juga setengah syarikat-syarikat kroni ini yang buat untung besar tapi tak nak bayar cukai. Semua ejensi berkenaan buat tak kisah aje walaupun jelas salah dari segi undang-undang kerana tak bayar cukai.
Sebab ini agaknya Kerajaan Najib bertema “Rakyat biasa didahulukan” dari segi kena bayar cukai. Nampaknya kena tambah sikit tema ini dengan “Rakyat kroni pula diperkayakan” dengan tak payah bayar cukai.
Ramai yang buta, tak nampak logik tersebut dan terus sokong UMNO/BN membabi buta.
Reply
Is this the same Faizal who built the a huge house without permit just like the the other fellow who died after the last general elections? Another snake lah!
Reply
actually its a vicious cycle. maybe sometimes in the past this company has lent their money to someone in the government for something. then, they called it ‘reciprocation’
Reply