Concerns over tax proposals

Given the prevailing economic uncertainties as a result of the Covid-19 pandemic, Sunway University economics professor Dr Yeah Kim Leng (pic) said the two tax revenue enhancement measures will have an adverse impact on the capital market, if implemented.

KUALA LUMPUR: The proposed introduction of a capital gains tax on shares and windfall tax for companies which have enjoyed extraordinary profits during the pandemic could pose a negative impact on the overall equities market, say experts.

Given the prevailing economic uncertainties as a result of the Covid-19 pandemic, Sunway University economics professor Dr Yeah Kim Leng said the two tax revenue enhancement measures will have an adverse impact on the capital market, if implemented.