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Showing 1-7 of 7 results
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How does the Panama leak affect you?
Business, Lawalliance Limited Company, Published on 19/04/2016
» If not for the Songkran festival, the news that 16 Thai names were on the infamous Panama Papers list might have got more attention. However, more worrisome is the Offshore Leaks Database, first released by the International Consortium of Investigative Journalists in 2013. It exposes the names of more than 750 Thailand-based people and entities, Thai and foreign, that are or have been connected with offshore tax-planning structures, mostly in the British Virgin Islands and Panama.
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What really drives government tax policy?
Business, Lawalliance Limited Company, Published on 24/03/2015
» Soon after the National Council for Peace and Order appointed an interim government, Thais started hearing about ambitious tax reforms intended to improve income distribution and reduce the gap between rich and poor. It sounded good, and the government believed even without a rice-pledging scheme, it could gain trust from the grass roots since only the rich would see their expenses rise.
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Inheritance tax bill needs a major rethink
Business, Lawalliance Limited Company, Published on 18/11/2014
» The public has had no chance even to glance at the draft inheritance tax (IHT) bill so far despite its farreaching implications. Most of the talk that has taken place has relied on hearsay information, creating more and more confusion as well as concern nationwide.
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Change of guard at Revenue Department encouraging
Business, Lawalliance Limited Company, Published on 15/07/2014
» The last two weeks have been a honeymoon period for taxpayers wishing to see an improvement in the tax environment of the country. Whether such improvements will be permanent or temporary, only time will tell.
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Property Tax: more questions than answers under proposed law changes
Business, Lawalliance Limited Company, Published on 26/08/2014
» One major reform the National Council for Peace and Order (NCPO) is keen on carrying out involves the house and land tax regime. By taxing holdings of real property, the government can raise more revenue while reducing the gap between rich and poor. In short, the rich, who have more property, will have to pay more taxes. In addition, reforms could reduce the financial burden on local administrative bodies.
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Dealing with losses from liquidating a subsidiary under the new regulation
Business, Lawalliance Limited Company, Published on 22/04/2014
» While most people were busy keeping up with the movements of the National Anti-Corruption Commission last month, there was one important development from the Revenue Department that could affect a number of group companies. Specifically, Regulation No. Por. 146/2014, issued by the director-general on March 18, disallows the write-off of investment losses by a parent company in a subsidiary in the course of the liquidation process.
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What's wrong with not appealing the ample rich case ?
Business, Lawalliance Limited Company, Published on 28/02/2012
» In 2001, ex-PM Thaksin Shinawatra sold Shin Corp shares to Ample Rich Investment Limited, a company incorporated in British Virgin Islands. Five years later, Ample Rich sold the shares to the family's children at one baht a share one day before they sold them to Temasek in a big-lot sale on the Stock Exchange of Thailand at 49.25 baht a share, reaping a huge capital gain.
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