Dr M: Global tax will benefit the poor

BOAO, China: Multinational companies, the main beneficiaries of international trade liberalisation, should be taxed on a global scale, and the proceeds be used for the economic development of the world’s poorest countries, said Tun Dr Mahathir Mohamad. 

Dr Mahathir said a “world trade tax” that would impose a levy on companies that profit most from international trade should be introduced so that the wide disparities between the rich and poor could be narrowed.