Windfall tax won't confuse investors - Muda co-founder

Faisal AsyrafPublished: Nov 29, 2020 9:28 AM | Updated: Nov 29, 2020 10:15 AM

Implementation of windfall tax will not send wrong signals to investors as alleged by Finance Minister Tengku Zafrul Abdul Aziz, says Muda co-founder Radzi Tajuddin.

He told Malaysiakini that investors are already clear about the windfall tax, thanks to the Windfall Profit Levy Act 1998 (Act 592).

"Windfall tax is not new in Malaysia. It has been imposed since 1998 until today on palm oil producers...

Windfall tax will send wrong signal to investors, says Zafrul

COMMENT | The case for windfall taxes

After Covid-19 spike at Top Glove, Syed Saddiq revives call for windfall tax

MPs moot windfall tax for firms making huge profits during pandemic

'Generous donations' substantially smaller than windfall tax would have been

MPOA fully supports freeze on export duty and windfall tax

Comments0

By posting a comment, you agree to our Commenting Terms and Conditions as stipulated in full here.

Do's and don'ts when posting comments in Malaysiakini

TERMS & CONDITIONS

Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.

REPORT VIOLATORS

Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.

NOTICE

Our commenting system is still under development. We have taken note of feedback provided.

Subscriber-only space: