Najib moots taxing tech giants Amazon, Facebook, Google to assist Malaysia’s pandemic recovery
Datuk Seri Najib Razak speaks during his turn to debate the motion of thanks and the royal address by the Yang di-Pertuan Agong in Parliament, Kuala Lumpur September 15, 2021. — Bernama pic
KUALA LUMPUR, Sept 15 — Former prime minister Datuk Seri Najib Razak suggested today that the government impose a direct tax on the profits that tech giants such as Amazon, Google and Facebook derived from Malaysia.
He said Malaysia should follow the footsteps of countries such as Australia in doing this as it would help generate income for Malaysia.
“These companies reaped profits but have never been taxed by our country. This (imposed) tax is on their profits, not for the usage by the customers.
“This is not a new thing, other countries have succeeded in doing that, so Malaysia has to start to do the same,” he told Dewan Rakyat during his turn to debate the motion of thanks and the royal address by the Yang di-Pertuan Agong today.
Malaysia is among countries that leverage a so-called “digital tax” on online purchases and transactions made in the country.
Najib also suggested the government introduce a Covid-19 recovery tax on items such windfall profits and luxury condominium development, and raise the personal tax rates for higher income groups.
“After two years, we can stop the increase of tax,” he said.
KUALA LUMPUR, Sept 15 — Former prime minister Datuk Seri Najib Razak suggested today that the government impose a direct tax on the profits that tech giants such as Amazon, Google and Facebook derived from Malaysia.
He said Malaysia should follow the footsteps of countries such as Australia in doing this as it would help generate income for Malaysia.
“These companies reaped profits but have never been taxed by our country. This (imposed) tax is on their profits, not for the usage by the customers.
“This is not a new thing, other countries have succeeded in doing that, so Malaysia has to start to do the same,” he told Dewan Rakyat during his turn to debate the motion of thanks and the royal address by the Yang di-Pertuan Agong today.
Malaysia is among countries that leverage a so-called “digital tax” on online purchases and transactions made in the country.
Najib also suggested the government introduce a Covid-19 recovery tax on items such windfall profits and luxury condominium development, and raise the personal tax rates for higher income groups.
“After two years, we can stop the increase of tax,” he said.
A tax dodger giving gomen advice on tax. It’s like asking Toonsie for advice on racial harmony ha ha ha…
ReplyDeleteWhat happened to your GST Jibby? The so-called best and fairest tax, used in 500 countries. Or is it just a Fair Weather Tax to plug in the holes left by 1MDB and the 1.7 billion you owe LHDN?
Google, Amazon, Facebook and Microsoft individually is larger by market cap than the entire KLSE, they respectfully asked the PM to re-instate the cabotage exemption policy that Wee KHAT Siong revoked. Simply by undoing this stupid decision Malaysia will reap billions in IT investment.
Google, Netflix and Facebook already collecting Service Tax on all on-line orders from Malaysia.
ReplyDeleteBloody Hypocrite..
Najib needs to stop his never ending efforts to avoid paying taxes on the RM Billions that are proven to have flowed through his bank accounts.
There must not be a a tax law for the rest of us tikus, and another tax law for Najib.