Wealth tax in the cards? Finance minister says Putrajaya ‘constantly’ reviewing system to be fairer | Malay Mail

KUALA LUMPUR, Oct 11 — Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz told Parliament today that Putrajaya is “constantly reviewing” the tax system “so it would be equitable and fairer” as concerns that Covid-19 would widen wealth disparity sparks a growing call to tax the uber rich.

“The government is also exploring any potential new revenue sources in order to finance the economic recovery by targeting those that need help the most and this involves engaging stakeholders so we could get feedback about the possible effects of these new taxes,” he added.

Won't impact the rich who store their wealth in offshore accounts. For example, people like our Finance Minister.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK business minister defends wages stance, says BoE can handle inflation | Malay MailLONDON, Oct 10 — The British government is right to focus on driving up wages, business minister Kwasi Kwarteng said today, expressing confidence in the Bank of England’s ability to curb rising inflation. BoE governor Andrew Bailey has said he is concerned about inflation running above the...
Source: malaymail - 🏆 1. / 86 Read more »