Saturday, December 17, 2005

Tax Breaks for the Shinawatra family

Senator Chirmsak Pinthong has called for the punishment of officials who exempted members of the ruling family from paying over 5 billion baht in taxes on capital gains in Shin Corp shares. This followed complaints by a small investor who had been required by the tax department to pay tax on capital gains under very similar (but involving much smaller transactions) circumstances as those from which the Shin family had been granted exemptions.

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