Carbon tax conundrum

ONCE again, Malaysia is at the crossroads of an unpopular tax decision, this time it is on the rollout of a carbon tax.

This matter was brought to the fore when a carbon tax was mentioned by the Deputy Minister of International Trade and Industry Liew Chin Tong last week as a counter-measure against the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) that is scheduled to commence on Jan 1, 2026.