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Top Real Estate Broker Admits Dodging Taxes

Mar 20, 2010 10:40:04 PM - thesundayleader.lk
By Michael Hardy The Sunday Leader has uncovered shocking new evidence of how expatriate-owned real estate brokers help foreigners buy valuable property on the island without paying the mandatory 100 percent transfer tax that was enacted in 2005. Over the past decade, foreigners have bought up massive swaths of Sri Lankan beachfront property, displacing local inhabitants [...]