Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Windfall profit tax on palm trees?

by Tony Sagami on July 14, 2008

in General

Palm oil is big business, both as an edible oil and as a alternative fuel.

And oil palm plantations are now getting hit for a windfall profit tax by the Malaysian government.Palm farmers will have to return 3% of the profit they make.

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