Poser over windfall tax for glove makers

Concerns began brewing in the market several months back that the government would implement some sort of windfall tax on glove companies to shore up its coffers amid the ongoing economic uncertainties

PETALING JAYA: Malaysian glove makers may opt to expand overseas if a windfall tax materialises, said CGS-CIMB Research amid growing concerns that it will be introduced when Budget 2021 is tabled tomorrow.

The research house said this would be in countries that offer better incentives like tax and loan interest subsidy and sufficient labour workforce.