US$1.6 billion levy complicates sale of Singapore land by Malaysian king’s son
A Malaysian royal’s plan to sell a tract of land in the heart of Singapore faces a complication: a tax bill that may exc
eed US$1 billion. A levy known as a land betterment charge has emerged as a sticking point in negotiations between some prospective buyers and the current owner, the eldest son of Malaysia’s billionai...
via South China Morning Post
A Malaysian royal’s plan to sell a tract of land in the heart of Singapore faces a complication: a tax bill that may exc
eed US$1 billion. A levy known as a land betterment charge has emerged as a sticking point in negotiations between some prospective buyers and the current owner, the eldest son of Malaysia’s billionai...
via South China Morning Post
