No plans for windfall tax in the books, says Deputy Finance Minister

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KUALA LUMPUR: There are no plans to impose a windfall tax on companies making extraordinary profits, says Deputy Finance Minister I Mohd Shahar Abdullah.

"We will not impose a windfall tax on the companies such as rubber gloves manufacturers, namely Top Glove which was specifically mentioned by several MPs.

Datuk Seri Ahmad Maslan noted that rubber glove manufacturer Top Glove enjoyed an 11-fold increase in profits during the pandemic period.Under Budget 2021, four leading rubber glove manufacturers in the country made contributions of RM400mil towards efforts to combat the Covid-19 pandemic. Mohd Shahar said the RM400mil was allocated to the disaster relief fund account and it was used to support the public health care systems, such as purchasing medical equipment, medicine, tests, lab tests, chemical sanitation and among others.

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