Australian tax authorities bully Malaysian Timber Tycoon. He Sues Aussie Government
Well, I'll be, mate!
Here's an interesting story. Scary too. Thick twice, nay, many times, before buying property in Australia. There are some nasty Aussies there.
A Sarawakian timber tycoon is suing the Australian government over their decision to force him to pay taxes amounting to AUD50m.
Daylight robbery and bullying a Malaysian, I say.
Read Rocky's Bru take:
Seeking justice in Malaysia. Wikipedia insists that kangaroo courts did not have its origins in Australia, where kangaroos come from. If that's baffling to me I can't imagine what Sarawak-born Malaysian businessman Hii Yii Ann might be thinking. Hii, 56, is fighting a decision by the Australian courts about his tax residency status that could rob him of AUD50 million!
Hii, a Malaysian passport holder who has never applied to be an Australian resident, says he's submitted to the Australian authorities documented proof that he is a Malaysian taxpayer and has never lived anywhere near long enough in Australia to be deemed the country's "tax resident". Yet, the Australian court deemed that he had denounced his Malaysian tax residency status and, therefore, owed whatever he had earned to the Australian Tax Office.