QUESTION 1 Indirect taxes such as custom duties, excise duties, sales taxes and services taxes or alternative is Goods and Services Taxes (GST) plays an important role in fiscal policy which will affect the economy of any country Required: In respect of the above statements, examine and analyse the importance of tax policy to the development of Malaysian economy. Support your answer with relevant provisions of the ITA. Appropriate tax law cases can be used to support your answer. (50 marks) QUESTION 2 Employment income received by an individual is taxable under the Malaysian Income Tax Act (ITA) 1967". In addition, an individual can derive business income which is also taxable under the same Act. Required: In respect of the above statements, deliberate and analyse the taxability of income under section 4 of the ITA 1967. Support your answer with relevant provisions of the ITA. Appropriate case law (any five) can be used to support your answer. |(50 marks)