Capital gain tax from stock market by Najib for the next two years will force foreign investors heading for the exit for the coming days. Nobody wants to be the last to sell.

Will opposition oppose this lucrative pie to save the nation? Very hard to find a good reason to reject unless most politicians are holding a lots of stocks now.

Yes. The capital gain tax from stock market proposed by Najib is good. Please set the tax at around 50%.

Good. Everyone gets something now.

Stop quarrelling and pretending you work hard for Rakyat.

Now you all can really start working hard for rakyat, go go go... Covid won't wait.

Stop pretending you power hungry freaks!

Usually the opposite of what KYY said will happen.

YOLOorLOL bcos people just look at one quarter's result. They don't look at revenue also. Typical Malaysian investor.

KUALA LUMPUR – Former prime minister Datuk Seri Najib Razak (Pekan-BN) is proposing a temporary recovery tax targeted at the wealthy for the next two years in an effort to bolster government coffers.


In his debate of the royal address today, he said Malaysia’s fiscal position is the weakest in Asia Pacific, and second worst in the world after Venezuela.

“I propose a temporary Covid-19 recovery tax package for two years. This, for example, will include a windfall tax, luxury condominiums development tax, stamp duty on transactions, inheritance tax, stock market trading tax, and higher personal income tax on high-income individuals.

“After two years, we can end this temporary tax.”

He also suggested that the government tax tech giants that have a presence in Malaysia, such as Amazon, Netflix, YouTube, Google, and Facebook, which have raked in a lot of profit, but have never been taxed here.

He said this should not impact consumers, and instead be levied on the companies’ profit margin.

“This is not new. Other countries like Australia and Indonesia have demanded payment and they received it from these companies. Malaysia must do the same.”

Meanwhile, he advised Putrajaya to keep up with global trends, particularly the highly lucrative cryptocurrency market.

Najib said that Bitcoin alone is worth nearly US$1 trillion (RM4.16 trillion) and that a few countries such as Switzerland, Australia, Singapore, and South Korea have started to accept the cryptocurrency.

Even though he acknowledged that the Securities Commission has approved four platforms for cryptocurrency trading, he said this initiative must be improved.

“We must give Malaysian investors the opportunity to cooperate with international cryptocurrency trading platforms. This will encourage and make it easier to allow foreign cryptocurrency holders to bring their assets into the country as soon as possible.

“This in turn will allow us to invest in local fiscal assets. Our target should be to bring in cryptocurrency assets instead of allowing an outflow of Malaysian currency into the international market. We must be able to attract international investors.

“If we can do this, we can announce to the world that Malaysia’s back,” said Najib. – The Vibes, September 15, 2021

Yes. Punish the rich. Help the poor. Tax more for people like KYY. Check KYY's every post. Learn from CCP.

Sometimes Noor said cases are backlogged. Some even from last year. Recent high death rate was also dismissed by Noor that many are backlogged cases, not real total for the day. That means death rate was much higher but they were not yet recorded.

Malaysia is slightly different from neighbouring countries. Politicians want easy win over 62% votes. Policies are skewed towards protection of land to get bumi's votes. Bumi usually doesn't know much about economy and economics, protection of bumi land is actually bad for the economy but politicians can get easy votes from bumi without working real hard.

EPF needs to pay stock market gain tax if any?

Najib also proposed stock market gain tax. Sell all your portfolios and buy foreign stocks now!!!

Terrorists coming... run ... to Australia....
They will come today, tomorrow, 10 days later, 1 month later, 10 months later, or any time... Malaysia is not safe from terrorists..... migrate now!

Windfall tax coming ... run ...

Maybe most people in UK are still wearing a mask. haha

Bcos got terrorists mah, also got windfall tax mah...

justaikanbili,
I did not say I will do things quietly, but you...

The extra tax will be passed to consumers/advertisers and/or apps developers. Amazon, Facebook, Google all have fixed income margin. The margin stays constant. Any other factors will be passed to users.

Good Bye!

Now the defence minister wants to show that he is working hard releasing fear of potential terrorist attack to the nation.

The politicians want to save our reserve by releasing news that windfall tax will be imposed on glove stock companies.

Politicians are now causing the downfall of local stock market.

The rich even use keyboard to control stock prices without the intervention from the government or SC.

The price of all stocks do not go up gradually, it spiked up suddenly benefiting the rich who pushed up the price. It's actually a con job of the rich to make more money from the poor.

China good. Everyone has the chance to get rich. The rich will be beaten down to become average person. Then the average person will be given the second chance to become rich.

Over here, the rich controlled everything.

Taliban bombing Malaysia rumour and windfall tax for glove companies rumour will cause damage to KLSE.

Posting anything here will become very loud. Everyone can see it.

There goes my Hardly Earned money.

For Hokkiens, KNM is a bad word. In Singapore, maybe KNN is worse.

Yes. It is man made. No way the patient is from USA as the transmissibility of this virus is so great. The outbreak is always very closed to the source. So sad many local Chinese here still believe that patient zero is from the US.

If it is from a US veteran, those who travelled with the patient zero will get infected too and so are the passengers and the flight crews.

A person needs to understand how a virus can transmit to human. Virus from animal won't transmit to human overnight. Usually it is done with an extra work called "gain of function". For a bat virus to mutate until it can transmit to human, it may take hundreds of years, probably thousands too.

Gain of function research can make any animal virus being able to transmit to human with just years of research.

As expected, the hoo haa wanes...

Between Anwar and Najib, Anwar won't issue that many bonds (future Malaysian generations money). Because most bumi don't know economics or common sense about money, there is a loophole for politicians to get future money without the knowledge of most rakyat.

MM2H? Very obvious the current MM2H is not investment-friendly. It's more like bumi-friendly.

"Genetech" addiction.

Everyday yelling for game of throne, rakyat will be bored. From rakyat, they want hear more about solving covid problems rather than just about the throne. It's not that smart everyday talking about the PMship. Rakyat cannot eat PMship.

Agong can pardon anyone. He is not a convict yet. So nothing to pardon.

Not just Biotech, Pharma also.

There is also something wrong about how the efficacy rate is calculated.

Volunteers are splitter into vaccine and placebo group without the knowledge of the participants.
They then are monitored whether they get covid.

Those who got covid will be calculated comparing the placebo and vaccine group. The difference will be used to calculate the efficacy.


Problem: If the local reported new case is high when the trial is implemented, it tends to show a low efficacy rate. The efficacy rate is influenced by the local severity of covid condition. This is not reliable. The rate should not be affected by the local new reported case and should show consistent rate irregardless.

The early good numbers from Pfizer and Moderna was due to low number of new cases when the trials were done.

If the trials were done this January, the efficacy rate will be much lower. It's safe to assume the efficacy rate of all vaccines is around 40-50% now.

If the world leaders knew the low efficacy rate earlier, they would have put much focus on something else instead of just vaccines.

Very controversial. Governments around the world blamed those anti-vaxxers for the herd immunity failure.

The actual fact: Governments around the world just focus on vaccines as the only solution. They did not push for the research on drugs.

In order to keep on winning in the coming elections, they blame those anti-vaxxers. But from Israel latest data, the culprit came from the low efficacy of vaccine(Pfizer) and the lost time leaders of the world to focus on vaccines instead of drugs or treatment. The only leader who put slight focus on drugs is Trump. He should have pushed further. He should have granted more funds on the research for drugs. Biotech companies usually are not really willing to put too much money on research as it may affect the stock price.

Nothing to share. It's just a share goreng norm.

shareinvestor88, "Genetec craving syndrome" or "get-rich-quick craving syndrome".

Malaysia now putting all the blames on Ivermectin. So just take the vaccine and wait for covid.

Penang down, DAP down. Many happy.

Now MOH is using a "information blackout" tactic to force the nation into endemic.

Many may die.

It's not scientific in many of the new policies. They only sound brilliant. But not scientific.

For example, the check-out in MySejahtera sounds like a good idea but the virus will still stay around for a few hours even though the infected one already checked out.

A lots of hoo haa hoo haa like paving a road for something else in the background...

He was almost going to be Anwar's son-in-law. After Anwar was convicted, he became Badawi's son-in-law.

Khairy good at create exposure. KKM covid info is not that great after Khairy took over. Everything seems hazy and not transparent.

Wuhan P4 lab was carrying out a "gain of function" of coronavirus research project funded by a US org. Both US and China dare not really say where the virus is from. The money is from a US org and the leak is from China. One is the boss and the other is employee who made a mistake.

If China conquered Taiwan because of chips, the senile president will smile.

Old tech vaccine should be the safest. The mRNA tech is not mature yet as the messenger part has some technical problem. If the messenger gets too far and hit the wall of blood vessel, the person taken the vaccine will suffer. If it reaches the kidney, ... Just hope the messenger stays in your muscle and use the cell in your muscle to produce spike proteins.

Tobby, but most vaccines were designed based on the virus sequence from Wuhan with 0 mutation.

If Xi exercises his iron fist, Taiwan will be in Xit.

Satay mode. Period.

Agee, let's wait for pandemic to be in better shape. Now everyone needs to boost his/her immune system as everyone will get covid soon. The protection of the vaccine cannot last forever. In the end we need to get used to getting covid like getting a flu.

The problem now is the Delta variant with 7 mutations in the protein.

Vaccines are very hard to keep up with this swift mutation.

Indication of looming election...

Jia Ba Kun