Blame 'Jho Low and gang' if corporate tax remains high, quips Guan Eng

Lim Guan Eng at a special luncheon organised by ACCCIM on Friday. -Ong Soon Hin/The Star

KUALA LUMPUR: The corporate tax rate cannot be reduced while the level of national debt remains high, says Finance Minister Lim Guan Eng.

"I personally think that corporate tax should be lowered. But looking at the country's financial status now, we cannot lower corporate tax. We still have 1MDB debts to pay," he said at a special luncheon organised by the Associated Chinese Chambers of Commerce and Industry in Malaysia's (ACCCIM) on Friday (July 20).