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Who doesn't want to make the reward money when the tax issue is so obvious? If you don't want to report, well, someone else will. Everyone needs the money.
e-Pelarian Cukai is probably the easiest way to settle the question. Let LHDN verify everything. Yes, accumulated tax losses and incentives such as GITA can potentially reduce a company's tax substantially. But with the various land transactions, related-party dealings and the recent building-material transactions, I think it would be interesting to let LHDN take a proper look at the numbers. And most importantly, if the investigation uncovers any actual tax violations, there will be a reward for the person who reports it.
Did they actually pay any tax on all this, Kevin? If not, I鈥檇 recommend e-Pelarian Cukai. The rewards are pretty good, and I鈥檓 sure LHDN would be very interested in calculating the tax, penalties and late-payment charges. 馃槍
The best way to make money from this lot is be to report it to e-Pelarian Cukai. With so many land deals and sales over the past 3 years, it would be interesting to check how much tax was actually paid. Go through SCBUILD and the directors of every company involved in these transactions (check SSM), trace the deals and tax records, and let LHDN investigate. If there are genuine tax discrepancies, the government鈥檚 whistleblower reward could potentially make so much money for those who reported. The government make things easy with e-Pelarian Cukai.
If you download the company鈥檚 quarterly reports and actually analyse them, or use AI if you鈥檙e too lazy to go through them yourself. You鈥檒l find quite a number of discrepancies, including profits being booked and subsequently disappearing, while cash keeps getting lower. The headline revenue growth alone doesn鈥檛 tell the whole story. After looking at the financials properly, would you really be comfortable investing your own money in this company, if you鈥檙e a human and not a bot?
The math isn鈥檛 mathing. Team, it鈥檚 time to go through every financial period from the past two years, line by line. Time to find out where the numbers actually come from. Lot's of booking, lot's of disappearing. Very suspicious.
Once the real financial situation comes to light, the market may realise the underlying value isn't there, and the company could potentially face delisting. I know better than you, Adrian.
