Malaysia meets tech companies on fake news and taxation
The Malaysian government has met with Internet companies to discuss draft laws on fake news and taxation. The draft laws on fake news would remove ‘fake news that threatens public order and national security’, which is likely to be presented in two weeks. The Malay government is also considering a tax reform that would tax large Internet companies on their advertising revenue, similar to proposals discussed in the EU and the UK, and to new laws that have recently been adopted by Vietnam. Yet, in implementing the revenu tax, the Vietnamese government has encountered difficulties in collecting revenue tax, as it has proven to be difficult for authorities to determine the appropriate tax collection form.