Monday, January 25, 2016

Saudi Royal Family: a Gift Giving

      The attorney general said that no criminal action was involved in the "donation" from the Royal Family of Saudi Arabia to the personal bank account of Malaysian Prime Minister Razak.  It was announced Tuesday(26th) in Kuala Lumpur that the Saudi gesture was a good will move between countries.  The amount:  $681,000,000.00.  Yes, it is equal to the cash amount of a recent lottery prize.  The question:  Will there be a tax consequence when the PM files his income tax return?
      The other question:  how can the House of Saud, in the face of a huge deficit at home, send this amount as a gift to another individual?  Hmmmm.  Tooooooooooooooo much money.  Ya think?????
Gotta love those dictators: they know how to spend.

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