Some 56% of US corporations in Malaysia are concerned about the government’s future policies with regard to tax-related issues, which could affect business decisions of manufacturers going forward.
“If a company is coming into Malaysia or any other country ... what is the tax environment going to be like? Is it stable is or not stable? How are we going to look at it? Because these are very long-term investments. “In addition to these salaries, Amcham members contributed to the future and security of their employees, paying RM1.3 billion towards the country’s EPF and Socso,” it said, referring to the Employees Provident Fund and the Social Security Organisation.
Asked whether the outcome of the upcoming US presidential elections would impact trade or commerce relations between both countries, she opined that it would not impact any relations between the two as the US companies present in Malaysia are committed to doing business in the country for the long term.