Stay firm on bid to impose windfall profit tax

THE government should stand resolute on the implementation of the 30% windfall profit tax for independent power producers (IPPs). It should not be swayed by alarmist views that the windfall tax will have a negative impact on the bond markets.

An economist has debunked this and pointed out that the current lacklustre performance of bonds was being affected by any number of factors and not solely the windfall tax issue or inflation.