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Article: `Corporate tax rate competitive in the region'
- Article from:
- New Straits Times
- Article date:
- October 24, 2001
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New Straits Times
10-24-2001
`Corporate tax rate competitive in the region'
Edition: 2*
Section: Business
DURING the pre-budget dialogue sessions, the Government received more than 100 proposals related to tax measures and the call for reduction in corporate tax rate was one of the most prominent.
When the Budget 2002 was unveiled last Friday, the 28 per cent corporate tax remained, as the Government reasoned that Malaysia's corporate tax rate is sufficiently competitive.
Finance Ministry Under Secretary for tax analysis division Kamariah Hassan echoed this view yesterday at a post Budget luncheon organised by the Malaysian Institute of Taxation.
She said Hong Kong has a corporate tax rate ...