Hong Kong’s chief executive has refused to respond to claims that he should have paid tax on millions of pounds he received in undisclosed payments related to the purchase of a property company.
Media reports last week revealed that CY Leung was paid ￡4m by an Australian engineering firm called UGL in relation to its acquisition of DTZ, a property company, during his time as leader of the Chinese territory.
Mr Leung has rejected the claims that he should have revealed the payments and said he was under no obligation to pay “salaries tax”, since the money was part of a non-compete deal that was not taxable.
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