BANGKOK Thai tax authorities have despatched ousted former prime minister Thaksin Shinawatra a whopping seventeen billion baht ($494 million) tax monthly bill more than the sale of shares in a telecoms organization far more than a decade back, his attorney reported on Tuesday.
The declare is more than the sale of shares in Shin Corp. to Singapore’s Temasek Holdings [TEM.UL].
Thaksin’s legal group would appeal to the revenue department inside of thirty days, his attorney, Noppadon Pattama, instructed reporters.
“We need to have to exercise our correct to appeal to demonstrate that no legal wonder can come about to gather tax from Dr Thaksin,” he reported.
Allies of Thaksin say the new tax declare is politically inspired. He has lived in exile given that remaining overthrown in 2006 to prevent corruption expenses, but his populist motion stays at the heart of political division in Thailand.
Defence Minister Prawit Wongsuwan instructed reporters the tax declare was not aimed at bullying the Shinawatras.
A court docket dominated against an endeavor by tax authorities to declare twelve billion baht ($350 million) from the share sale from Thaksin’s little ones in 2010, Noppadon reported. The court docket reported they could not be taxed since the shares were owned by Thaksin and his spouse, he reported.
Noppadon reported that the sale of the shares was tax exempt since it was accomplished via the stock trade.
The military overthrew the authorities led by Thaksin’s sister, Yingluck Shinawatra, in 2014 in the name of ending political turmoil.
Very last month, the junta commenced reconciliation hearings with political events forward of elections that could come about as early as next 12 months, but all those talks do not contact on Thaksin’s destiny.
(Reporting by Aukkarapon Niyomyat and Pracha Hariraksapitak Producing by Patpicha Tanakasempipat Modifying by Nick Macfie)