Bloomberg.com
18 Jun 2008
June 18 (Bloomberg) -- The Government of Singapore Investment Corp., which manages $100 billion of reserves, won an appeal against a Seoul district office's decision to charge 16.7 billion won ($16.35 million) in taxes.
The Seoul High Court ruled on June 17 the Gangnam-gu Office should scrap taxes imposed on the Singapore investment agency's purchase of an office tower, Judge Park Hyeong Jun said in a phone interview today.
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