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Category: ICAS 2018 Proceedings
Author: Zaimah Zainol Ariffin, Natrah Saad
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Abstract

It has been feared for a long time that human activity is causing severe destructions to the earth, resulting in global warming, ecosystems threats, air and water pollution, hazardous waste, ozone depletion and rain forest destruction. Such threats are felt in every part of the world, and Malaysia is no exception. Hence, the aim of this paper is to review current practice of green conservation in Malaysia based on Malaysian tax laws and other enforcement agencies. In this respect, the functions of the Inland Revenue Board Malaysia (IRBM), Malaysian Investment Development Authority (MIDA) and Department of Environment (DOE) are reviewed. Furthermore, as a lesson to the country, environmental policy in other major economies countries are comparably reviewed, together with the presentation of overall ranking of green tax index. Before concluding section, a comparison of Malaysian practice is made against the practices in other countries.

Keywords: Green Tax, Environmental Policy, Malaysian tax laws, Major countries

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