The son and daughter of Thaksin Shinawatra, the ousted Thai prime minister, have been ordered to pay $616m in outstanding taxes and fines from the sale of the family's telecommunications business.
An anti-graft panel on Monday ordered Pinthongta and Panthongtae Shinawatra to pay the sum in connection with the sale of Shin Corp to Temasek Holdings, the Singapore government's investment arm, for $2.3bn.
An anti-graft panel on Monday ordered Pinthongta and Panthongtae Shinawatra to pay the sum in connection with the sale of Shin Corp to Temasek Holdings, the Singapore government's investment arm, for $2.3bn.
"The AEC ruled that [the children] intended to avoid taxes by selling the shares in an indirect manner," Kaewsan Athipho, an AEC member, said.
"They registered the company abroad but conducted business in the country. They have to pay taxes like other corporations in Thailand."
Pinthongta and Panthongtae have the right to appeal the ruling to a civil court.
Blog master said... This is daily dirty joke from the feudal tyrant's Job , I 'm not excited about information of this committee and don't feel anything about fate of this family , but I want them to stop to destroy our country now. Its Job are breaking the confidence of investment in Thailand , foreign investment and local investment its gone down further. Thailand have been wanted foreign to invest in the country because the scale of local economics is too small yet , Thailand can't stand alone , and local investment was balked , but the feudal tyrant's committee still don't care anything , they have just want to destroy the opposite only.
Thais are waiting for the white knight for stop it again.
Family affair
The decision by the AEC, a panel that was established after Thaksin was deposed in a coup last September, is the latest setback for the family of the media tycoon.
This month, the AEC ordered Thaksin's children to pay another $172m in taxes and penalties over allegations that they had profited by buying Shin Corp shares at below-market prices before reselling them.
Pojaman Shinawatra, Thaksin's wife, her brother and secretary were charged in March with evading millions of dollars in taxes over a 1997 share transfer.
The sale of Shin Corp sparked widespread anti-government protests that eventually contributed to Thaksin's downfall.
Opponents were angered that Thaksin avoided taxes and sold off what many considered a strategic national asset to a foreign country.
Aljazeera
Aljazeera
Thais are waiting for the white knight for stop it again.
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