Yayasan Albukhary Tax Breaks: Muhyiddin Loses Case

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Post on Nov 08, 2024

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Muhyiddin Loses Case: Yayasan Albukhary Tax Breaks Deemed Unlawful

Remember that time when everyone was talking about the Yayasan Albukhary and those sweet, sweet tax breaks? Well, the courts have spoken, and it's not good news for former Prime Minister Muhyiddin Yassin.

The High Court just ruled that the tax exemption enjoyed by the foundation was unlawful. Yeah, that's right - unlawful. The judge basically said the government went a bit overboard in giving Yayasan Albukhary all those tax breaks, and it wasn't in line with the law.

The Malaysian Bar Council had taken the government to court over this whole tax exemption thing. They were pretty fired up about it, arguing that the tax breaks were unfair, discriminatory, and basically gave Yayasan Albukhary an unfair advantage.

The court agreed. They said the government's decision to give these tax breaks was illegal and unconstitutional. They also said it went against the principles of equality and fairness.

This is a big deal, folks. This ruling could have massive implications for how the government handles tax exemptions in the future. It's basically a wake-up call for them to play fair and make sure tax exemptions are given out equitably.

So, what does this mean for Muhyiddin? Well, it's a big blow to his reputation. It's not a good look for a former PM to be involved in something like this. It's also a reminder that no one is above the law, not even those in power.

What's Next?

The government is now in a bit of a pickle. They've got to figure out how to fix this mess and ensure that all foundations are treated equally. They're also facing a lot of scrutiny over how they handle tax exemptions in the future.

It'll be interesting to see how this whole thing plays out. Stay tuned, because this is one story that's far from over.