Malaysian timber tycoon sues Australian government in tax dispute

KUALA LUMPUR: Malaysian timber tycoon Hii Yii Ann is suing the Australian government and its tax office (ATO) for imposing an AUD49mil (RM160mil) tax assessment on him over his income earned outside Australia.

Speaking to the media on Tuesday, Hii's lead counsel Datuk Alvin John said the decision of the ATO dated Dec 20, 2013 was invalid as Hii is a Malaysian and has been declaring his tax deductions in Malaysia over his earnings from five countries.