PETALING JAYA: Imposing a capital gains tax on listed shares will only help the country achieve its economic goals if wealthy individuals own shares in public-listed companies here, an economist said.
For example, Niaz said that during the Covid-19 pandemic, the rich got richer by investing in the global stock market.He said members of the elite in Malaysia tend to avoid the domestic market, leaving local companies to rely on institutional investors, especially government linked companies and government linked investment companies.
The economist was commenting on PKR MP Wong Chen’s proposal that CGT be imposed on the shares of listed companies rather than unlisted entities. In response, Niaz said: “The Subang MP would make a stronger argument for imposing CGT only on listed shares if he can show that wealthy Malaysians hold a significant number of in their investment portfolios.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysians continue to rally in solidarity with PalestiniansOne of the 12 boys rescued from a flooded cave in Chiang Rai in 2018 committed suicide while at school in the UK, BBC News said citing a coroner report.
Source: staronline - 🏆 4. / 75 Read more »
Malaysians Determined To Show Support For PalestineThis week alone two rallies were conducted which saw thousands in attendance.
Source: therakyatpost - 🏆 14. / 59 Read more »
71% of Malaysians Save Less Than RM500 MonthlyThis year's survey reveals an unexpected trend whereby most Malaysians can weather the financial crisis by taking proactive steps to improve their financial situations.
Source: therakyatpost - 🏆 14. / 59 Read more »
Malaysians continue to rally in support of PalestiniansKUALA LUMPUR: Malaysians nationwide continued to rally in solidarity with Palestine yesterday, in line with Malaysia’s stand to support the beleaguere...
Source: theSundaily - 🏆 25. / 51 Read more »
Malaysians continue to rally in solidarity with PalestiniansThe Banyumas City Police have discovered that the glass flooring on a bridge that shattered at a tourist destination in the Limpakuwus pine forest in Banyumas regency, Central Java, Indonesia, on Wednesday was extremely thin, measuring only 1.2cm.
Source: staronline - 🏆 4. / 75 Read more »
Rugby-South Africans call for holiday as they revel in World Cup successScam park syndicates are luring many unaware Malaysians with high-paying jobs around the world.
Source: staronline - 🏆 4. / 75 Read more »