COMMENT | Why capital gains tax is good for the country

COMMENT | Nothing gets the heckles of those making quick money up than the mention of a capital gains tax (CGT). The decibel level of those opposed to this is greater than even for the Goods and Services Tax (GST).

However, it is rather difficult to understand the screeching high opposition to this tax, which affects only those who have substantial assets to trade and therefore are mostly wealthy, often very much so.

In fact, in Malaysia, there is a CGT - the real property gains tax (RPGT). That makes it even more difficult to understand why...