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

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

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.

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

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