KUALA LUMPUR, April 28 -- Lim Guan Eng has questioned whether Malaysia's rising tax collection is putting pressure on businesses, warning that overburdening companies could undermine long-term revenue growth.

In a Facebook post today, the former finance minister pointed to Prime Minister Datuk Seri Anwar Ibrahim's announcement that the Inland Revenue Board of Malaysia (LHDN) collected a record RM204 billion in direct taxes in 2025 - a 10.4 per cent increase year-on-year - and asked if such gains risk "killing the golden goose".

He argued that the jump in tax collection appears disproportionate to Malaysia's economic growth, noting that gross domestic product (GDP) expanded by just 5.2 per cent in the same year.

"If LHDN can increase it...