Story thread · 3 reports / 2 sources

Malaysian prince ‘more than happy’ to pay US$1.6 billion levy linked to Singapore land deal

scmp.com · 11dShare

The son of Malaysia’s king has dismissed a report that a potential tax bill of more than S$2 billion (US$1.6 billion) is complicating his plans to sell 16.6 hectares (41 acres) of land in Singapore, saying he was “more than happy” to absorb levies on both sides of the causeway. “As a regular taxpayer, this is normal. No complication and more than happy to contribute to both countries. Should make it double,” Tunku Ismail Sultan Ibrahim posted on social media on Thursday, hours after the...

First report: Malaysia Johor Regent TMJ’s Plan to Sell Singapore Land Clouded by Huge Tax Bill — bloomberg.com, 12d