10 June 2008
Windfall tax holds back PPA re-negotiations
"The windfall tax (imposed on IPPs) is an indication that the renegotiation on the PPAs is a no-go. The IPPs were not going to budge but they may do so now because of the windfall tax," said an analyst from Kenanga Investment Research. "Going forward, the windfall tax will be imposed until the IPPs budge," said the local analyst, adding that the first generation of IPPs were being pushed to a corner. Previous attempts to re-negotiate the PPAs had failed. [The Edge Daily]
http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_6b6a6131-cb73c03a-18992130-65231c5e
11 June 2008
PAS Suggests "Windfall Taxes" On Oil Companies
PAS Tuesday suggested that the government impose "windfall taxes" on companies involved in oil explorations, especially foreign companies. PAS Information Chief Mahfuz Omar said the government had already imposed similar tax on palm oil companies. [Bernama]
http://www.bernama.com/bernama/v3/news_lite.php?id=338631
16 June 2008
Automatic road tax reduction from June 24
The reduction of road tax, which was to take effect on June 1, can only be done automatically on June 24 after the Road Transport Department computerised system is updated. JPJ director-general Datuk Ahmad Mustapha Abdul Rashid said until then, vehicle owners would have to pay the tax at the original rates and then apply for reimbursement from JPJ offices starting June 23. [The Star]
http://thestar.com.my/news/story.asp?file=/2008/6/14/nation/21552232&sec=nation
Income tax relief plan
The Government is considering proposals to give income tax relief to help the people cope with the spiralling cost of living following the fuel price increase. Prime Minister Datuk Seri Abdullah Ahmad Badawi said details of the matter would be announced during the tabling of the 2009 Budget on Aug 29. [The Star]
http://thestar.com.my/news/story.asp?file=/2008/6/14/nation/21553028&sec=nation