Thursday 28 Mar 2024
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SINGAPORE (April 26): Prime Minister Najib Razak will progressively cut corporate and personal income tax in the next 5 years to continue Malaysia’s shift toward consumption-based taxation, he says in a Tuesday interview in Kuala Lumpur.

* Size and timing of tax cuts to depend on oil prices and GST revenue

* Najib expects his Barisan Nasional coalition to achieve better results in an upcoming election than in 2013

** “That’s not saying that we will win with a huge majority, no, I’m not going to predict that, but I’m going to say that we are reasonably sanguine about the result.”

* Najib says 1MDB issue was due to governance and unsustainable business model

** Najib says he’s willing to cooperate with U.S. Department of Justice on 1MDB investigation as long as it’s fair and in line with international protocol

** Najib reiterates denial of wrongdoing

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