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Thailand Responds to US Trade Tariffs: Seeking Negotiation
Dear PM Poetic justice for a country that has imposed tariffs on imports - for ever. Please remind us what the tariff is on bringing a car into Thailand. -
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THAILAND LIVE Thailand Live Friday 4 April 2025
Thai Steel Firm Under Investigation for Massive Tax Fraud Picture courtesy of KhaoSod A major Thai steel company, Xin Ke Yuan Company Limited, is at the centre of a significant criminal investigation after allegedly forging over 7,000 fake tax invoices, resulting in a tax scam exceeding 200 million baht. This week, the Department of Special Investigation (DSI) launched a full-scale probe into what could be one of Thailand's most substantial tax fraud cases in recent years. Full Story: https://aseannow.com/topic/1356830-thai-steel-firm-under-investigation-for-massive-tax-fraud/ -
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Songkran 2025 Spending Predicted to Hit Record ฿134 Billion
Thailand - land of random number generators. -
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Trump’s Tariff Strategy: US can no longer act as the world's economic shock absorber
there were more diplomatic approaches he could have taken, such as organizing meetings with trade ministers or communicating through U.S. trade missions and embassies. Apparently you know nothing about Trump. That is the BS used for generations to control trade benefiting other than the US. Trump doesn't care about doing business as usual and is blowing their cosy little game to smithereens. Good for him not doing BS any more. -
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Thai Steel Firm Under Investigation for Massive Tax Fraud
Picture courtesy of KhaoSod A major Thai steel company, Xin Ke Yuan Company Limited, is at the centre of a significant criminal investigation after allegedly forging over 7,000 fake tax invoices, resulting in a tax scam exceeding 200 million baht. This week, the Department of Special Investigation (DSI) launched a full-scale probe into what could be one of Thailand's most substantial tax fraud cases in recent years. On April 3, officials from Regional Revenue Office 3 filed a formal complaint at the DSI headquarters against the company. It is accused of manipulating financial records from July 2015 to March 2017 to illegitimately claim tax credits, a serious violation of Thailand’s Revenue Code. DSI chief Police Colonel Yuthana Phaedam has appointed Lieutenant Colonel Surawut Rangsai to lead the investigation. Under Thailand’s Special Investigation Act of 2004 and supported by a Ministry of Finance announcement, this case qualifies for special handling, allowing the DSI to prosecute under Section 90/4. The investigation also intersects with ongoing regulatory crackdowns following a nearby building collapse, suggesting a broader effort to address financial misconduct in the district. An insider revealed that the scale of financial damage is enormous, prompting expedited action to grant this case special status. This allows the DSI to allocate more resources to ensure thorough investigation and prosecution. As investigators delve into Xin Ke Yuan’s financial practices, the company faces mounting legal challenges. The steel giant might soon be contending with severe legal repercussions as authorities aim to deter similar offences and uphold fiscal responsibility in the business sector, reported The Thaiger. -- 2025-04-04 -
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