The fact that billionaires exist and got rich in the first place is the "transfer".
It is possible that there should be a cap on how much one person should own ... but that's an entirely different subject. And since they own everything, it may never happen. In fact, we may see the first trillionaire soon.
unlike your mentally incompetent fraud Biden. How about that! How about the fraud he perpetrated on America, the world. Compare him and his legacy to that of Trump. bring it on, let's see you make a bigger jacka$$ of yourself.
True, there's also no rules (laws) around Controlled Foreign Companies by Thai tax residents and while that's the case incorporating abroad can very easily hide anything and everything under some corporate entity.
They do address this in the more 'advanced' tax systems in western nations but Thailand is so far behind in this respect it may take decades to catch up - they don't even have a proper capital gains tax - it's all personal income tax with just one list of bands.
It's almost like they made it simple because most of their accountants are idiots.
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