Investors seen forgiving missing Malaysian tax cut

Newswire

By Simon Cameron-Moore KUALA LUMPUR, Sept 22 (Reuters) - The omission of a widely anticipated cut in corporate tax in Malaysia's 2003 budget is unlikely to produce a bearish backlash when Kuala Lumpur's stock market reopens on Monday, analysts said. While a cut of up to two percent in corporate tax, currently 28 percent, had been expected, Prime Minister Mahathir Mohamad's budget proposals on Friday contained only modest corporate tax breaks for small and medium-sized firms. The market ...

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