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). Full story
