Tax cuts may counter Malaysia's frail growth outlook, say economists

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Malaysian experts have advised the government to cut taxes to offset a prolonged slump caused by the Iraq war.

Tax cuts would help lift consumer confidence, prevent companies from going into bankruptcy and workers from losing their jobs, they said.

Azrul Azwar, an economist with MIDF Sisma Securities, told AFP that a reduction in personal and corporate taxes would be a big boost to consumer spending.

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