KUALA LUMPUR: Malaysia needs to do more to attract multinational corporations (MNCs) to establish their operations and invest in the country, says the Inland Revenue Board (LHDN).
Its chief executive officer Datuk Mohd Nizom Sairi said under the Organisation for Economic Cooperation and Development’s (OECD) proposed global tax reform, tax breaks will be disadvantageous for the destination country as the MNC’s country of origin could claim the tax difference.
Already a subscriber? Log in.
Unlock 30% Savings on Ad-Free Access Now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
