PHNOM PENH, Feb. 18, 2010 (Xinhua) -- Phnom Penh municipality's tax revenues in 2009 plummeted 36 percent to 37.6 million U.S. dollars, local media reported on Thursday, citing the statistics released by the municipality.
The Cambodia Daily quoted economists as saying the decrease shows the worst effects of the economic recession last year, particularly in the real estate sector where sales were stagnated, and other major sectors such as tourism and garments also played a role in the slump.
Om Chan, director of the municipal tax department, blamed the world economic crisis for reducing taxable revenues in construction and manufacturing, adding "major building construction shut down and did not work," according to a presentation he gave at City Hall on Monday.
Chan Sophal, president of the Cambodian Economic Association, was quoted as saying that revenue loss is not surprising given the bursting of the real estate bubble after years of skyrocketing prices and a high number of sales.
Neou Seiha, a senior researcher for the Economic Institute of Cambodia, said the decline in tax revenue is so much steeper than the GDP decline because sales taxes, profit taxes and other taxes mainly affect the formal sectors of the economy, which were most battered by the crisis.
The main sector in Cambodia's economy to grow last year was agriculture, which was of little help to tax collectors in the country's urban center, he said.
"The tax is very related to the economic activity. They can collect tax from active economic operators if they have economic activity. If they don't have economic activity they can't collect, " he was quoted by the daily.
The Cambodia Daily quoted economists as saying the decrease shows the worst effects of the economic recession last year, particularly in the real estate sector where sales were stagnated, and other major sectors such as tourism and garments also played a role in the slump.
Om Chan, director of the municipal tax department, blamed the world economic crisis for reducing taxable revenues in construction and manufacturing, adding "major building construction shut down and did not work," according to a presentation he gave at City Hall on Monday.
Chan Sophal, president of the Cambodian Economic Association, was quoted as saying that revenue loss is not surprising given the bursting of the real estate bubble after years of skyrocketing prices and a high number of sales.
Neou Seiha, a senior researcher for the Economic Institute of Cambodia, said the decline in tax revenue is so much steeper than the GDP decline because sales taxes, profit taxes and other taxes mainly affect the formal sectors of the economy, which were most battered by the crisis.
The main sector in Cambodia's economy to grow last year was agriculture, which was of little help to tax collectors in the country's urban center, he said.
"The tax is very related to the economic activity. They can collect tax from active economic operators if they have economic activity. If they don't have economic activity they can't collect, " he was quoted by the daily.
12 comments:
PLEASE TELL ALL YOUR BROTHER, SISTER, RELATIVES, FRIENDS, AND ALL KHMERS TO STAND UP IF YOU WANT TO HAVE CAMBODIA GO THE RIGHT DIRECTION. LET HAVE MORE THAN MILLIONS KHMERS TO KICK HUN SEN'S REGIME OUT OF POWER SO WE CAN MAKE A DIFFERENT. PEOPLES POWER THAT THE ONLY WAY TO PREVAIL. WAKE UP KHMERS INSIDE AND OUTSIDE. DON'T LET Communist People Party ( CPP ) ruling the rest of your life.
Kick Hun Sen of out power is impossible as all Khmer people always talk and talk but do not take any action for what they believe
I am reading a comment that the Premier Minister should be kicked.
How can people be so stupid and believe this would fix the Economic Problems?
Do anybody believe if the Funcinpec Party take over the Cambodian People will have a better life?
I say to you:
Ask yourself what you can do for YOUR Government!
The Government only can help YOU if it get MORE taxes.
The problem is not the corruption. You can see that many hard working People can deal with this.
People have to work harder, much harder if they want have a better life in the future.
As long as you believe its all "Governments Fault" you are not ready for a change to a better life.
Do somethings that people can say from you that you do a good job and work hard.
Do something that people from other countries do not say that Cambodians are all stupid and dirty.
Its up to you in Cambodia.
Cowards are running away to other countries.
4:06PM
you are barking and blaming people who ran away from Cambodia but you fail, fail, fail, fail, fail x 1000
time to think that your beloved master Kvang Mkhak Hun Sen and his clan were running away from his motherland to survive from Pol Pot in 1978 remember????? I bet when your master lose his power you are the first one to run fast than anyone else. Don't you think this is the only to survive.
Make no mistake and mark my word for it, the people who ran away from these thugs are not coward. We are very smart than you because we are not waiting to get kill and working hard to find way to free our country and people. Khmer innocent people have been working extremely hard for your clan to exploit but in time you all pay for the action you have caused.
Halaluyah!
Put all the eggs in one basket, you risk destroying them all at one time or another. So it's good that some are alive somewhere else and fight for their way back everyday. The next thing you know there will be a million or two of Cambodian sprung up from every corner of the globe and remember people don't always die or disappear over night, my friend.
Hey! save some land and don't sell them all to foreigner. I'm come in back to buy it and build my vacation home. Also for my kids and my grand kids. I just need more time to save up my money!
Hello Khmer Gov't
When do you start to collect property Taxes? Too many property Owners in Cambodia, they have never ever paid property taxes. Khmer Gov't collect only sell taxes from the markets, but what about properties Taxes.
Khmer Gov't. Please be the ownership of our country. This is a new revenue for support public expenses.
Thanks
Red-Ant.
Cambodian custom officers are a mixture between corruption and incompetence.
Sorry, but this is the truth:
The whole administration in Cambodia is corrupt. From the small police officer up to the PM, it is the most corrupted country I ever have been.
The Khmer people are very polite and friendly, but the administration is a horror...
Democratic Kampuchea Pol Pot Khmer Rouge Regime
Members:
Pol Pot
Nuon Chea
Ieng Sary
Ta Mok
Khieu Samphan
Son Sen
Ieng Thearith
Kaing Kek Iev
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Tortures
Brutality
Executions
Massacres
Mass Murder
Genocide
Atrocities
Crimes Against Humanity
Starvations
Slavery
Force Labour
Overwork to Death
Human Abuses
Persecution
Unlawful Detention
Cambodian People's Party Hun Sen Khmer Rouge Regime
Members:
Hun Sen
Chea Sim
Heng Samrin
Hor Namhong
Keat Chhon
Ouk Bunchhoeun
Sim Ka...
Committed:
Attempted Murders
Attempted Murder on Chea Vichea
Attempted Assassinations
Attempted Assassination on Sam Rainsy
Assassinations
Assassinated Journalists
Assassinated Political Opponents
Assassinated Leaders of the Free Trade Union
Assassinated over 80 members of Sam Rainsy Party.
"But as of today, over eighty members of my party have been assassinated. Countless others have been injured, arrested, jailed, or forced to go into hiding or into exile."
Sam Rainsy LIC 31 October 2009 - Cairo, Egypt
Executions
Executed over 100 members of FUNCINPEC Party
Murders
Murdered 3 Leaders of the Free Trade Union
Murdered Chea Vichea
Murdered Ros Sovannareth
Murdered Hy Vuthy
Murdered Journalists
Murdered Khim Sambo
Murdered Khim Sambo's son
Murdered members of Sam Rainsy Party.
Murdered activists of Sam Rainsy Party
Murdered Innocent Men
Murdered Innocent Women
Murdered Innocent Children
Killed Innocent Khmer Peoples.
Extrajudicial Execution
Grenade Attack
Terrorism
Drive by Shooting
Brutalities
Police Brutality Against Monks
Police Brutality Against Evictees
Tortures
Intimidations
Death Threats
Threatening
Human Abductions
Human Abuses
Human Rights Abuses
Human Trafficking
Drugs Trafficking
Under Age Child Sex
Corruptions
Bribery
Embezzlement
Treason
Border Encroachment, allow Vietnam to encroaching into Cambodia.
Signed away our territories to Vietnam; Koh Tral, almost half of our ocean territory oil field and others.
Illegal Arrest
Illegal Mass Evictions
Illegal Land Grabbing
Illegal Firearms
Illegal Logging
Illegal Deforestation
Illegally use of remote detonation on Sokha Helicopter, while Hok Lundy and other military officials were on board.
Illegally Sold State Properties
Illegally Removed Parliamentary Immunity of Parliament Members
Plunder National Resources
Acid Attacks
Turn Cambodia into a Lawless Country.
Oppression
Injustice
Steal Votes
Bring Foreigners from Veitnam to vote in Cambodia for Cambodian People's Party.
Use Dead people's names to vote for Cambodian People's Party.
Disqualified potential Sam Rainsy Party's voters.
Abuse the Court as a tools for CPP to send political opponents and journalists to jail.
Abuse of Power
Abuse the Laws
Abuse the National Election Committee
Abuse the National Assembly
Violate the Laws
Violate the Constitution
Violate the Paris Accords
Impunity
Persecution
Unlawful Detention
Death in custody.
Under the Cambodian People's Party Hun Sen Khmer Rouge Regime, no criminals that has been committed crimes against journalists, political opponents, leaders of the Free Trade Union, innocent men, women and children have ever been brought to justice.
Look at pocket of Chutama
4:06 PM is your parents stupid or evils? Let see your stupid comment!
" I am reading a comment that the Premier Minister should be kicked.
How can people be so stupid and believe this would fix the Economic Problems?"
IT NOT ONLY FIX THE ECONOMIC PROBLEM BUT ALL THE EVIL PROBLEMS THAT CAUSE BY AH KWACK HUN XEN AND THUGS!
" Do anybody believe if the Funcinpec Party take over the Cambodian People will have a better life?"
WHO SAY ABOUT THE STUPID PARTY THAT GREATED BY THE FOOL WHO HELP LEGITIMATED THE GOVERMENT OF AH KWACK HUN XEN!
" I say to you:
Ask yourself what you can do for YOUR Government!
The Government only can help YOU if it get MORE taxes."
EVER AH KWACK LISTENED TO ANY BODY , MOTHERFUCKER JUST FUCKUP AND DO THING TO PLEASE AH YOUN VIETNAMESE CHOYMARAY!
"The problem is not the corruption. You can see that many hard working People can deal with this."
YOU MOTHER FUCKER! WHO CAN DEAL WITH CORRUPTION BESIDE THE FUCKING CORRUPTORS AND THE CRIMINAL?
" People have to work harder, much harder if they want have a better life in the future."
HOW HARD CAN PEOPLE WORK IF YOU MOTHER FUCKER TAKE LANDS, HOUSEES FROM PEOPLE AND YOUR FUCKING CORRUPTION MAKE GOOD HONEST INVESTER AWAY FROM THE COUNTRY?
"As long as you believe its all "Governments Fault" you are not ready for a change to a better life."
WE BELEIVE THAT IS AH KWACK HUN XEN GOVERNMENT MOTHERFUCKER FAULT AND SOME DAY WE WILL SENT THEM TO HELL!
" Do something that people from other countries do not say that Cambodians are all stupid and dirty."
DO SOME THING TO YOUR MOTHER PUSSY IT IS SMELL BAD IN SOLDIER UNIFORMS!
"Its up to you in Cambodia.
Cowards are running away to other countries.
4:06 PM "
SO YOU MOTHERFUCKER GIVE AH HENG SARIM LAND TO YOUN SO YOU MOTHER FUCKER WILL NOT HAVE TO RUN TO THE FUCKING VIETNAME!
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