Fiscal plan attracts investments in right areas, says tax expert

On the sustainable development efforts announced in Budget 2023, Soh Lian Seng, KPMG in Malaysia’s Head of Tax said although no specific date on the implementation of carbon tax was announced in the budget, the government is evaluating the carbon pricing mechanism.

"Already introduced in various developed countries, the carbon tax will serve as a new source of government revenue and is certainly a step in the right direction to assist our nation in achieving carbon-neutrality by 2050," he expounded in a statement.

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