Govt urged to tax glove makers on windfall, use revenue to help poor | The Malaysian Insight

Economist Dr Muhammed Abdul Khalid says Malaysia’s tax regime needs to be reviewed to ensure that it is fair and the revenue should disbursed to provide continuous aid for the people. – The Malaysian Insight pic by Kamal Ariffin, October 15, 2021.

PUTRAJAYA should impose windfall taxes on glovemakers who made handsome profits during the Covid-19 epidemic to bolster its coffers so that the money can be used to provide continuous aid to people in need, said economist Dr Muhammed Abdul Khalid. The DM Analytics managing director said the argument that imposing windfall profit levy on businesses that made extraordinary gains will dampen investor sentiment does not make sense.

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Maybe you should suggest, gov can use the revenue to renovate their office, increase their allowance, then they will consider to impose this windfall tax

Too late , as today glove manufacturers are suffering. Would govt impose retrospective taxes. Do that and you will see investors saying bye bye.

Sure? Help poor?

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