1 (12 Marks) a. The shift from the formal assessment system in year 2004 has seen considerable changes take place in the tax system in Malaysia. Required: Discuss in detail on TWO (2) main changes arises when the current system is replaced. (4 marks) (CLO1:PLO1:C4) b. Outline the sources of chargeable income according to Section 4, Income Tax Act 1967. (3 marks) (CLO1:PLO1:C2) C. 'Taxes are what we pay for a civilized society' (Justice Holmes) Required: Provide your opinion on the above statement. You may agree or disagree but justify your argument with TWO (2) reasons. (5 marks) (CLO1:PLO1:C5)