19 Mar '13, 7am

Singapore is new ‘Switzerland’ for investors to dodge taxes, says Malaysian lawyer -

Singapore is new ‘Switzerland’ for investors to dodge taxes, says Malaysian lawyer -

Singapore is new ‘Switzerland’ for investors to dodge taxes, says Malaysian lawyer UPDATED @ 08:33:18 PM 19-03-2013 BY DEBRA CHONG ASSISTANT NEWS EDITOR March 19, 2013 A screengrab from the Global Witness video showing a man identified as Alvin Chong. KUALA LUMPUR, March 19 — Singapore is the preferred destination for foreign investors looking to bypass Malaysia’s compulsory property partnership laws and dodge paying hefty taxes on land purchased in Sarawak as the republic’s government has a “China Wall”, a Malaysian lawyer purportedly disclosed today. Alvin Chong, a lawyer said to have represented the Sarawak government, has allegedly been exposed on video teaching undercover investigators from an international activist organisation how to skirt the required 51 per cent local partnership as well as avoid paying the mandatory real property gains tax (RPGT). Norlia Abdul Ra...

Full article: http://www.themalaysianinsider.com/malaysia/article/singa...

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