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by fathilullail
on 21/10/16
:: #Malaysia #business :: Malaysian timber tycoon in RM160mil Australian tax quandary. Sir Yii Ann Hii, who was knighted by Queen Elizabeth II in 2007, has business interests in Malaysia, Papua New Guinea, the Philippines, Hong Kong, Singapore and Australia.

Australia has ordered him to pay about A$50mil (RM160mil) in taxes, failing which, he would be sent to jail.

He had asked for a guarantee from the Australian Taxation Office (ATO) that he would not be detained pending his appeal against the order but the reply was, "Pay up or go to jail".