Dr. Muda Yusuf, the Chief Executive Officer of the Center for the Promotion of Private Enterprise (CPPE), welcomed the government’s proposal as a form of progressive tax, with high-net-worth individuals expected to pay more taxes. He noted that this approach is common in economically developed countries and contributes to income redistribution.
Yusuf criticized the prevailing situation where wealthy citizens do not pay a fair percentage of taxes, stating that their tax remittance is often inadequate considering their net worth and affluent lifestyles.
