Business Times publish interviews of local corporate CEO about the expectation on Budget 2008.
Datuk Tony Fernandes, chief executive officer of AirAsia
- reduce personal tax & corporate tax to spur economic growth
- lost taxes will be replaced by greater consumption
- reduction in fuel subsidies. The savings should be all ploughed into education
- hope that government-linked companies are sold to the public
- break up the monopolies such as Malaysian Airports
Alex Foong, director and chief executive officer of Great Eastern Life Assurance (Malaysia) Bhd:
- reduce personal income tax rates to 26%
- remove the imposition of 8% tax on the life insurance funds so that policyholders will be able to enjoy a better return
- separate the tax relief for EPF contributions and life insurance premium
Paul Choy, Allied Telesyn International (Asia) Pte Ltd country sales manager:
- lower income tax to improve consumer sentiment
- continue tax deduction for PC purchase
- provide tax relief for broadband subscriptions
All three executives expect the government to lower the personal income tax. Everyone hates tax, including me.
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