Inheritance tax: A look at how other Asian countries have fared with the tax on wealth transfers

Inheritance Tax News

Inheritance tax: A look at how other Asian countries have fared with the tax on wealth transfers
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KUALA LUMPUR, Oct 11 — The Anwar administration is rumoured to consider introducing several new taxes in Budget 2025 — in a bid to raise Malaysia’s revenue and close the...

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New book by The Edge owner uncovers secret FBI involvement and how Nazir convinced him to meet Mahathir over 1MDB The rumour has caught public attention, especially after some government lawmakers openly said they would not vote to support the inheritance tax if it is tabled in Parliament.claimed that it is a tradition and culture of Asian parents to leave something for their children, deeming the inheritance tax as a double taxation and a financial burden on a family.

In Thailand, inheritance tax is exempt for spouses and assets left to schools, charities, and religious groups. — AFP pic Analysts argued that high inheritance taxes is the factor behind the “Korea discount”, which refers to South Korean firms’ comparatively lower valuations.

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