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Sector improves with CPO rallying to a decade-high price
KUALA LUMPUR: The government is looking at alternatives to a wealth tax, including a Goods and Services Tax (GST), to raise funds for its coffers, says Deputy Finance Minister II Mohd Shahar Abdullah.
BANGI: The high crude oil prices (CPO) over the last few months were partly contributed by the confidence of other trading countries on the Perikatan Nasional government, according to Malaysian Palm Oil Board chairman Datuk Ahmad Jazlan Yaakub.
KUALA LUMPUR: The implementation of a windfall tax on glove companies that have benefited from the pandemic is a non-consistent policy which will a send a wrong signal to investors, according to Finance Minister Tengku Datuk Seri Zafrul Aziz.
KUALA LUMPUR: The implementation of a windfall tax on glove companies that have benefited from the pandemic is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Govt expects figure to hit RM4.7b in 2021 from RM2.8b in 2020
The government decided no windfall tax will be imposed on glove manufacturers to avoid potential “opportunity costs/losses” such as glove manufacturing companies investing overseas instead of in Malaysia, and sending wrong signal to existing and potential investors in other industries.