Tax on natural resources reflects true value of what Sarawak owns, economist points out
Associate Professor Dr Fatimah Karii KUCHING: The Sarawak government has been praised for introducing its own sales tax for petroleum products. Stressing that economic growth is about strategy and bold decision, Associate Professor Dr Fatimah Kari of Universiti Malaya (UM) said Sarawak is actually deprived of the profits of the true value of its resources despite being at the top of the country’s social prosperity indicator by virtue of its position as an oil and gas producer. Despite having resources such as oil and gas, “the sharing of wealth that benefits the producer state was minimal,” she pointed out. She was…