As part of its attempts to revive the economy, the Malaysian government, in its latest economic stimulus package (Penjana), is giving tax exemptions such as waiving stamp duties and allowing exemptions from real property gains tax to revive the property sector. This sector is seen as an important one as many downstream sectors are dependent on it, such as cement, sand, steel, etc.
However, these tax exemptions benefit only a small segment of the population – what is there for the ordinary folk, ie, the tax payers?
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