Steven Solomon, KPMG in Malaysia’s international and domestic tax partner.
IN an era where global markets demand agility, efficiency and seamless integration, Malaysia’s corporate landscape is being stifled by an outdated fiscal mechanism: stamp duties.
While historically intended as a revenue source, the way it is currently applied – particularly to business asset and debt transfers – creates significant barriers that affect mergers and acquisitions (M&A), restructurings, and overall investment competitiveness.
