Chua: Channel gaming tax to different fund

--->Guest of honour: Dr Chua withdrawal after opening KSMs annual general assembly yesterday. With him is KSM chairman Datuk Lo Kong Boon (right).


KUALA LUMPUR: A opposite account should be set up for taxation income picked up from legalised betting that has been formerly approved by a Government, pronounced MCA president Datuk Seri Dr Chua Soi Lek.

The account could be used for education, welfare as well as amicable services, he suggested.

It is time to set up a opposite account that should be used for education, welfare as well as amicable services.

Guest of honour: Dr Chua withdrawal after opening KSMs annual general assembly yesterday. With him is KSM chairman Datuk Lo Kong Boon (right).

We can even make use of a account to educate people not to gamble. We can educate a younger era to stay away from gambling, he said, citing examples of legalised betting such as Magnum, Sports Toto as well as a Genting Highlands casino.

Currently, all a revenues that a Government collects go to a consolidated fund, he told reporters after opening Koperasi Serbaguna Malaysia Bhds (KSM) 31st annual general assembly at Wisma MCA yesterday.

Dr Chua pronounced a celebration reputable a Governments preference not to emanate a sports betting licence.

However, (the decision) will not stop bootleg sports betting in a nation that is pronounced to volume to RM10bil a year, he said.

The enforcement units should intensify operations opposite bootleg gambling.
On Friday, Prime Minister Datuk Seri Najib Tun Razak announced that a Government would not emanate a sports betting looseness following feedback from a public that indicated their conflict towards it.

Previously, a MCA had pronounced that sports gaming should be allowed but it contingency be regulated as well as strictly managed.

Dr Chua also pronounced that it was wro! ng to co ntend that gambling was partial of Chinese culture.

On an additional issue, he pronounced a celebration did not want a deputy ministers as well as ministers to make use of their positions for their own benefit.
It will fall short a party. They have to uncover care by example, he said.
Dr Chua pronounced MCA was only a political celebration as well as not directly involved in any business.
We let a professionals manage a celebration assets as well as inform to a celebration central committee at slightest twice a year, he said.

This, he said, was to safeguard all MCA leaders concentrated on politics, that encompass national growth including economic issues.

Earlier in his speech, Dr Chua pronounced KSM had gone by formidable times but it was right away financially some-more independent as well as stable.

The KSM will regularly have a undivided as well as wholehearted support of MCA, he said.

THE STAR (Sunday Jun 27, 2010)
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