Wee: Tax is a public concern amid slowing economy

Datuk Seri Wee Ka Siong

KUALA LUMPUR: Any tax to be paid by the people, and any plan to introduce new taxes will raise public concern, says Datuk Seri Dr Wee Ka Siong.

The MCA president said the people are already burdened in so many ways due to the slowing economy and high cost of living.

“Is there any tax that will not burden the people?” he said when opening the Federal Territory MCA convention here yesterday.

Prime Minister Tun Dr Mahathir at the launch of the Shared Prosperity Vision 2030 said any new tax introduced will not be burdensome to the rakyat.

Dr Wee said the people’s consumption power has reduced substantially, cautioning that the economy will plunge further with any introduction of new taxes.

“Nobody dares to predict that the economy is going to be better next year,” he said.

Dr Wee who is Ayer Hitam MP also said these days Chinese investors are eyeing Singapore and Thailand.

“They will flock to Malaysia only when our policy of welcoming China is clear and consistent,” he said.

On the sluggish property market, Dr Wee said he has been informed that many properties will be up for auction next year.

He said the introduction of the 5% real property gains tax (RPGT) for properties five years and above by the Pakatan Harapan government is a big dampener on the property market.

“Many people bought properties to be passed down to their future generations and now they have to pay tax for that,” he said, calling for the government to abolish the 5% RPGT.

On party matters, Dr Wee advised MCA leaders to recruit more members and groom young people to continue the party’s struggles.

“Leaders come and go but the party is here to stay,” he said of MCA which is 70 this year.

Federal Territory MCA chief Nicole Wong, meanwhile, said they are pushing the authorities to make the city more conducive for work-life balance.

She said the areas included security, environment, traffic and economic opportunities.
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