[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Eric SeeTo Lim Sian See [@LimSianSeeEric](/creator/twitter/LimSianSeeEric) on x 1706 followers Created: 2025-07-03 03:15:55 UTC Is this a hidden tax on the people? Yes — and quite a sneaky one at that. Here’s how it works: X. Government collects RM7 billion in back taxes from TNB • On paper, it looks like a tax win. • But remember: TNB is not some profit-guzzling private company. It’s a GLC with massive public shareholding — including: • EPF (your retirement savings) • PNB/ASB/ASM • KWAP • Tabung Haji • And millions of unit trust holders So when TNB pays billions in taxes, dividends drop and share prices weaken — meaning the people pay indirectly through lower returns. X. TNB compensates by raising tariffs • Confirmed: Base electricity tariff increases XXXX% starting X July 2025 • While domestic users may be shielded temporarily, industries and businesses bear the cost. • But businesses will pass that cost on — in higher prices for goods, services, food, transport, etc. • In the end? Rakyat still pays — just not through an obvious tax bill. ⸻ So yes: This is a hidden tax. Not labelled as “GST” or “income tax,” but extracted through: • Higher utility bills • Lower dividends on rakyat-held funds • More expensive daily necessities It’s a masterclass in fiscal sleight of hand: Take money from a rakyat-owned company via LHDN, then approve tariff hikes so that same rakyat company can claw it back — from the people. XXXXX engagements  **Related Topics** [savings](/topic/savings) [retirement](/topic/retirement) [glc](/topic/glc) [tax bracket](/topic/tax-bracket) [Post Link](https://x.com/LimSianSeeEric/status/1940610428033278377)
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Eric SeeTo Lim Sian See @LimSianSeeEric on x 1706 followers
Created: 2025-07-03 03:15:55 UTC
Is this a hidden tax on the people?
Yes — and quite a sneaky one at that.
Here’s how it works:
X. Government collects RM7 billion in back taxes from TNB • On paper, it looks like a tax win. • But remember: TNB is not some profit-guzzling private company. It’s a GLC with massive public shareholding — including: • EPF (your retirement savings) • PNB/ASB/ASM • KWAP • Tabung Haji • And millions of unit trust holders
So when TNB pays billions in taxes, dividends drop and share prices weaken — meaning the people pay indirectly through lower returns.
X. TNB compensates by raising tariffs • Confirmed: Base electricity tariff increases XXXX% starting X July 2025 • While domestic users may be shielded temporarily, industries and businesses bear the cost. • But businesses will pass that cost on — in higher prices for goods, services, food, transport, etc. • In the end? Rakyat still pays — just not through an obvious tax bill.
⸻
So yes:
This is a hidden tax. Not labelled as “GST” or “income tax,” but extracted through: • Higher utility bills • Lower dividends on rakyat-held funds • More expensive daily necessities
It’s a masterclass in fiscal sleight of hand: Take money from a rakyat-owned company via LHDN, then approve tariff hikes so that same rakyat company can claw it back — from the people.
XXXXX engagements
Related Topics savings retirement glc tax bracket