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Jomo: Malaysia may need to consider a "modified VAT"

KUALA LUMPUR: Malaysia may need to consider a modified value added tax (MVAT) as it needs to devise systems to suit the present times and ensure future sustainability in finances, says Professor Jomo Kwame Sundaram, an economist and research adviser at the Khazanah Research Institute. ....

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Ringgit weak: The wealthy hiding money overseas

SHAH ALAM - The government must control or tighten the flow of ringgit to prevent speculators from hiding their money overseas. Universiti Kuala Lumpur economic analyst Associate. ....

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Weak ringgit: The rich hiding money overseas

SHAH ALAM - The government must control or tighten the flow of ringgit to prevent speculators from hiding their money overseas. Universiti Kuala Lumpur economic analyst Associate. ....

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Rising U.S. Interest Rates Push Countries in Global South Toward Economic Collapse

Rising U.S. Interest Rates Push Countries in Global South Toward Economic Collapse
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Economist Jomo Sundaram calls for windfall tax on industries that benefit from Covid-19 | Malaysia

Tuesday, 04 May 2021 02:51 PM MYT
Khazanah Research Institute senior advisor Professor Jomo Kwame Sundaram opined that now is the best time to introduce taxes that do not generate revenue immediately, as many were badly impacted by the pandemic. Picture by Choo Choy May
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KUALA LUMPUR, May 4 The government should consider implementing a windfall tax on industries that benefit greatly from the Covid-19 crisis, according to Khazanah Research Institute senior advisor Professor Jomo Kwame Sundaram.
“This is precisely the time when you must reform taxes, as you have it (windfall tax) all the time amid extraordinarily high petroleum prices or palm oil prices. ....

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