Dammit. I'm sure most overseas graduate workers in Malaysia - like me - are annoyed by this new policy. More so that it's currently tax-filing month. *click on graph to enlarge*
Back in 2009, that 15% tax rate would be mid-range OECD (stats aren't updated for 2010 just yet). But the new wave of fiscal austerity measures in the developed world would inch those comparative numbers up. I can imagine the US, Ireland, France, Spain, Portugal and Greece - among others - would have revised their tax rates upwards within the last two years.
But still...dammit. :(