School of Management and Accountancy
Accounting Academic Organization
A Research Paper in Econ 112 (A)
INTONG, Bryan O.
CHIONG, Leo Anthony A.
AGIAS, Juville Bryan
RAMOS, Marie Christalene A.
Henry A. Paňales
April 26, 2014 I. Introduction A. MALAYSIA
Malaysia’s economic freedom score is 69.6, making its economy the 37th freest in the 2014 Index. Its score is 3.5 points higher than last year, with impressive improvements in seven of the 10 economic freedoms including financial freedom, investment freedom, labor freedom, and business freedom. Malaysia is ranked 9th out of 42 countries in the Asia–Pacific region, and its …show more content…
Several high-level government officials and law enforcement bodies figured in corruption scandals in the past year, and the government has taken steps to address the problem. Judicial independence is undermined by extensive executive influence, and arbitrary or politically motivated verdicts can occur. Private property is protected effectively. Corporate lawsuits face lengthy delays.
Property Freedom 55.0 ↓
Freedom from Corruption 44.3↑ c. LIMITED GOVERNMENT
The top individual income tax rate is 26 percent, and the top corporate tax rate is 25 percent. Other taxes include a capital gains tax. The overall tax burden equals 15.3 percent of the domestic economy. Government spending is equivalent to 29 percent of GDP, and public debt has increased slightly to about 56 percent of the domestic economy. In 2013, the government moved to reduce fuel subsidies in order to narrow budget imbalances.
Government Spending 75.6
Fiscal Freedom 84.6