The prime minister says introducing a broad-based tax just impacts the poor.
KUALA LUMPUR: Prime Minister Anwar Ibrahim says the government needs to reduce subsidies on the rich before reintroducing the goods and services tax .
“You have to give some time, but then do you do nothing? No. You have to broaden the tax base, for sure, but you have to first reduce subsidies to the rich,” he said. He added that Malaysia is focusing on clarity in its policies to ensure it can attract investments as it successfully did in the 1990s.
“We have been able to attract major investments in the past five to six months from China, the US and Europe.
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