Use persuasion for glove makers to pay windfall tax, Putrajaya told

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Title : Use persuasion for glove makers to pay windfall tax, Putrajaya told
Category : Malaysians

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Use persuasion for glove makers to pay windfall tax, Putrajaya told

An economics lecturer says a top-down approach on a windfall tax might not work.PETALING JAYA: Rubber glove manufacturers might be persuaded to accept a windfall tax being imposed on their profits if they are called to the bargaining table, says an economics lecturer.Goh Lim Thye, a senior economics lecturer at Universiti Malaya, suggested that rubber glove companies might be agreeable to the idea if the government explains the need for the tax by holding dialogues with the companies.“I think a top-down approach is not appropriate, but it (windfall tax) could work through dialogues and negotiations,” he said.The government has come under pressure over the windfall tax from several MPsAmong the most vocal proponents for the tax is Muar MP Syed Saddiq Syed Abdul Rahman, a former minister, who said the companies have racked up billions in profits in recent months thanks to a surg…

An economics lecturer says a top-down approach on a windfall tax might not work.PETALING JAYA: Rubber glove manufacturers might be persuaded to accept a windfall tax being imposed on their profits if they are called to the bargaining table, says an economics lecturer.Goh Lim Thye, a senior economics lecturer at Universiti Malaya, suggested that rubber glove companies might be agreeable to the idea if the government explains the need for the tax by holding dialogues with the companies.“I think a top-down approach is not appropriate, but it (windfall tax) could work through dialogues and negotiations,” he said.The government has come under pressure over the windfall tax from several MPsAmong the most vocal proponents for the tax is Muar MP Syed Saddiq Syed Abdul Rahman, a former minister, who said the companies have racked up billions in profits in recent months thanks to a surg…


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