MCA remains firm in opposing all forms of wealth and inheritance taxes

THE MCA presidential council and central committee have never put forward any proposal for wealth and inheritance taxes to the government. It remains the consistent decision and position of the MCA central committee to oppose any form of wealth and inheritance taxes.

Since Independence, the successive leaderships of MCA had long fought for the gradual abolition of the Estate Duty Enactment 1941, which ultimately was repealed in November 1991. Before this, it allowed the government to levy between 0.5% to 10% of a deceased’s estate if found to be valued over RM2mil.