Talkback Tuesday: Should we forget about trying to bring Malaysian experts back from abroad?
According to a recent study, presented at the forum Brain Drain: Who Gains? Who Sacrifices? in KL on Saturday, economist Dr Lim Kim Hwa stated that the current scheme to stem brain drain could backfire.
In reference to the 15% optional tax rate on income for 5 years, this would inadvertently nudge more local professionals to work abroad for higher salaries and gains that outstripped the benefits that they would enjoy if they returned.
Citing a 2011 World bank Report, among the top three reasons Malaysians left to work overseas: better salary/benefits, career prospects and social injustice…
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