Support for move to tax digital economy

Lead Economist, Macroecomomics anf Fiscal Management Global Practice, World Bank Group, Richard Record (right) and Malaysia World Bank Group Country Manager, Faris Hadad-Zervos (second, right) during a press conference after briefing on the World Bank East Asia & Pacific Economic Update at Sasana Kijang yesterday. - Bernama

KUALA LUMPUR: The government’s proposal to tax the digital economy is a step in the right direction, says World Bank Group representative and country manager for Malaysia Faris Hadad-Zervos.

Tax imposition on the digital economy will allow diversification of the government’s revenue sources, aside from creating more buffers for an improved fiscal management.