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Thaksin hit with Bt17.6bn tax bill for 2006 sale of Shin Corp equity

Thaksin hit with Bt17.6bn tax bill for 2006 sale of Shin Corp equity

13 Sept 07:02 Key points summarised by AI
  • The Supreme Court overturned lower court rulings, ordering former PM Thaksin Shinawatra to pay a 17.6 billion baht capital gains tax.
  • The tax bill stems from the 2006 transfer of his Shin Corporation shares to his two children.
  • The court ruled that Thaksin intended to conceal his controlling stake before entering politics, deeming his actions unethical and in contravention of tax law.
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