KUALA LUMPUR: CIMB Group chief executive Datuk Seri Nazir Razak has urged the Government to review the 30% windfall tax that has been imposed on the independent power producers (IPPs) because of the wider impact the tax will have on the capital markets in the country.
He said the Government should review the imposition of the tax because of the implications it would have for fundraising, especially for infrastructure projects. The tax came into operation on July 1.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!