Chamber calls for tax cuts

Penang Chinese Chamber of Commerce members attending the AGM at the chamber’s Tan Kok Ping Hall in George Town.

PENANG Chinese Chamber of Commerce (PCCC) has called for a reduction in personal and company taxes to stimulate the economy which is badly hit by the Covid-19 pandemic.

PCCC president Datuk Seri Hong Yeam Wah said while there might be a temptation to increase taxes as a way of reducing the national debt, the Government should instead exempt taxes for those earning less than RM100,000 a year.