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AP National Business

Malaysia plans windfall tax for rich companies in new budget

KUALA LUMPUR, Malaysia (AP) — Malaysia’s government has proposed record spending for 2022 to bolster post-pandemic economic recovery, with various industrial incentives and cash handouts for the poor and windfall taxes for high-income companies. Finance Minister Zarful Aziz put forward in Parliament the budget proposal of 332.1 billion ringgit, or $80.2 billion, up from $77.4

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