KUALA LUMPUR: The Minority Shareholder Watchdog Group (MSWG) hopes the capital gains tax (CGT) will not be introduced in the near term as it will further dampen the performance of Bursa Malaysia, said chief executive officer Devanesan Evanson.
He also stressed that the introduction of the tax on capital gains would be counter productive as the government had plans to reduce shares owned by government-linked investment companies (GLICs).
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