Popular Post webfact Posted August 3, 2023 Popular Post Share Posted August 3, 2023 BANGKOK (TNA) – Real estate developer Sansiri Plc issued a statement, clarifying that Pheu Thai prime minister candidate, Mr. Srettha Thavisin was not involved in alleged tax avoidance regarding land transactions and the company always complies with the law in doing businesses. The company’s statement came after the allegations that Mr. Srettha’s involvement resulted in the government loss in revenue amounting to several hundred million baht. The company explained the land sale-purchase agreements between Sansiri and the sellers were legally structured to assign the tax liabilities, fees, and expenses related to the transfer of land ownership solely to the seller. It is the responsibility of the sellers to pay the aforementioned taxes. Sansiri’s role was limited to making full payment according to the agreed-upon price and receiving the land transfer. The company denies any involvement in any tax-related practices of the sellers as alleged and did not benefit from any tax savings or reduced expenses in the sellers’ land transfer process. Full story: https://tna.mcot.net/english-news-1217218 -- © Copyright Thai News Agency 2023-08-04 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. 6 Link to comment Share on other sites More sharing options...
ukrules Posted August 3, 2023 Share Posted August 3, 2023 If the tax was paid then usually nobody cares who actually paid it. I also heard that if the tax isn't paid then the land doesn't change ownership so this smells like a load of bull<deleted> to me. Someone in charge of something doesn't like this PM candidate either. 1 1 Link to comment Share on other sites More sharing options...
ikke1959 Posted August 3, 2023 Share Posted August 3, 2023 Untrustworthy already 1 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted August 4, 2023 Share Posted August 4, 2023 1 hour ago, ikke1959 said: Untrustworthy already Newsflash: They all are. 1 Link to comment Share on other sites More sharing options...
bamnutsak Posted August 4, 2023 Share Posted August 4, 2023 2 hours ago, ukrules said: Someone in charge of something doesn't like this PM candidate either. I think the message all along has been that you can have any PM you want, as long as it's Prawit, Prayut or Anutin. Link to comment Share on other sites More sharing options...
khunPer Posted August 4, 2023 Share Posted August 4, 2023 8 hours ago, ukrules said: If the tax was paid then usually nobody cares who actually paid it. I also heard that if the tax isn't paid then the land doesn't change ownership so this smells like a load of bull<deleted> to me. Someone in charge of something doesn't like this PM candidate either. Seller pays tax depending of land status, which can be business – i.e. 3.3% tax of the sales sum + 1% withholding tax of the highest amount, either appraised value or sales price – or private owned land, which will be income taxed after a reduction, depending of owner-ship time. As the income tax is a progressive scale in 5% steps, there will be less tax if the ownership is divided by numerous people instead of just one person. And yes, the sales tax is the seller's responsibility. Link to comment Share on other sites More sharing options...
hotchilli Posted August 4, 2023 Share Posted August 4, 2023 9 hours ago, webfact said: Real estate developer Sansiri Plc issued a statement, clarifying that Pheu Thai prime minister candidate, Mr. Srettha Thavisin was not involved in alleged tax avoidance regarding land transactions and the company always complies with the law in doing businesses. And they have the lawyers to prove it. Link to comment Share on other sites More sharing options...
PETERTHEEATER Posted August 4, 2023 Share Posted August 4, 2023 Yesterday it was ;evasion' today it is 'avoidance' Link to comment Share on other sites More sharing options...
Dogmatix Posted August 5, 2023 Share Posted August 5, 2023 This is a very feeble rebuttal by Sansiri. The company was not accused of tax avoidance or evasion itself by Chuvit. He accused them of aiding and abetting tax avoidance and possibly evasion. The sellers couldn't have done this without Sansiri's cooperation in a highly convoluted process that also involved the better part of a billion baht in cash flying about which is clear sign of understatement of the sales price for tax purposes. This is all highly unethical and weak corporate governance. Even if everyone else does it, Srettha is the CEO who has been caught doing it and Sansiri has not attempted to deny the aiding and abetting because it can't. 1 Link to comment Share on other sites More sharing options...
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