Windfall tax will send wrong signal to investors, says Zafrul

The implementation of a windfall tax on companies that are making money is a non-consistent policy which will a send a wrong signal to investors and shoo them away from investing in the country, said Finance Minister Tengku Zafrul Abdul Aziz.

He said should the windfall tax be imposed, it would make investors think twice before investing in the country, or even opt to invest in the neighbouring countries like Vietnam and Singapore which do not impose such taxes.