Budget 2022: Prosperity tax better than a windfall tax, says Mustapa


  • Nation
  • Friday, 29 Oct 2021

KUALA LUMPUR: It is fairer to introduce the one-off corporate tax for companies making more than RM100mil, known as prosperity tax (cukai makmur), instead of a windfall tax, says Datuk Seri Mustapa Mohamed.

The Minister in the Prime Minister's Department said the government received the proposal to introduce a windfall tax after several companies were known to rake in a huge amount of profits.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Credible speakers still welcome in Malaysia
The teacher who went the extra mile
SEZ agreement on track despite S’pore leadership transition
Battle of competing narratives
PM calls Gilley a ‘mediocre scholar’
Kinabalu Press Awards returns: Submission deadline on May 10
Copter tragedy: 1,000 congregants at KK naval base attend Yasin recitation, tahlil ceremony
Stop whining, engage and help the people instead, says PM
U Mobile launches store in KK shopping mall, first in East Malaysia
Anwar returns Khazanah allowance, reiterates decision to forgo PM salary

Others Also Read