'Wealth tax, capital gains tax may cause more damage than benefit'

Geraldine Tong

Modified 14 Nov 2018, 7:18 am

PARLIAMENT | The government is concerned that the negative outcomes of imposing wealth tax, inheritance tax, capital gains tax and higher corporate tax would outweigh the revenue generated by these taxes.

Finance Minister Lim Guan Eng said this was why the government is not considering implementing these taxes right now...

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