Thursday, December 14, 2006

NGO: Graft costs Cambodia around 300 million to 500 million U.S. dollars a year

December 14, 2006
Parliamentary head supports crackdown on smuggling in Cambodia

The National Assembly President Heng Samrin has voiced his support for the Cambodian government's clampdowns on smuggling operations and also requested that the measures be carried out across the country for the sake of economic growth, local media reported Thursday.

"We encourage the government to implement this throughout the country, not only for the border regions in Banteay Meanchey province, but also for the places which (were required) to carry out the policies on corruption reduction," the Samleng Yuvechun Khmer quoted him as saying here on Wednesday.

The government had to take firm measures against the smuggling of right-rubber cars and all goods in order to force the traffickers to pay taxes to the state, he said.

Regarding the car smugglings, Prime Minister Hun Sen has issued a sub-degree, punishing 38 Banteay Meanchey officials and one police commissioner for accepting bribes in exchange for allowing the smuggling of around 800 right-rubber vehicles from Thailand into Cambodia, according to news archives.

Finance Minister Keat Chhon also claimed that taxes collected from the smugglers would increase the nation's revenues and the people's living standard.

According to NGOs' report, graft costs Cambodia around 300 million to 500 million U.S. dollars a year.

Source: Xinhua

1 comment:

Anonymous said...

In reality, in good management Cambodian government can collect billions of dollars in duties, tax and permits. Cambodia government has no need to beg foreign Government. But mentality of begging is in the head of Hun Sen already, What can we do?
-We need to open opportunity to all younger generation into many services industries. At present, many civilised countries, services industries are making more monies than manufacturing industries.
example: accountancy, Real Estate, Consultancy, brokerages etc... In these industries, the Government can collect three incomes.
1-one income from personal tax. THe service providers will pay their income tax.
2-Capital gain tax. Tax on profit.
3- Stamp duties. Tax on transfering onwership.
-Each city can also earn their monies from rate, building permit, licensing etc...
With these kind of collection and close all the loop holes of tax, Cambodian Government can collected at least US$1.5 billions a year