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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