Malaysia has agreed in principle to implement a global minimum tax of 15% on multinational companies. Currently, Malaysia's standard corporate income tax rate is 24%, with some MNCs granted tax exemptions and enjoy preferential rates of zero to 10% according to various concession. Dr Geoffrey Williams, Economist at Malaysia University of Science and Technology, talks about how this may impact foreign direct investment into the country.

Produced by: Sim Wie Boon

Presented by: Keith Kam, Wong Shou Ning

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Categories:  Corporates,  government

Tags:  multinational companies,  corporate income tax,  global minimum tax,  mncs,