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Wealth Tax Worsens Intellectual Migration, Capital Flight, Says Business Group
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Former MP calls for 2% wealth tax on Malaysia's richest individuals, following reports that they increased their wealth by RM103 billion in a year. PETALING JAYA: Business leaders say a former MP's proposal for a wealth tax is expected to lead to more productive Malaysians and investors moving abroad or transferring assets. The threat of capital flight is a reality, considering Malaysia's fiscal policies are driving talent and capital towards re…
·Kuala Lumpur, Malaysia
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