PTT firm 'wants fishermen to lower compensation demand'

[Lite Beer]

PTT firm 'wants fishermen to lower compensation demand'
The Sunday Nation

BANGKOK: -- Arbitration by officials from Rayong Provincial Court over a lawsuit lodged last July by 429 local fishermen against PTT Global Chemical (PTTGC) for Bt400 million in compensation and the setting up of a rehabilitation fund after an oil leak off Rayong on June 27, 2013, is slated to continue on March 13.

In an arbitration session on Friday with PTTGC representatives, a group of 32 representatives for the fishermen was accompanied by human rights lawyer Sor Rattanamanee Polkla.

After the session, Rattanamanee told reporters that PTTGC had asked for a lower compensation amount, but the fishermen said the amount represented true damages.

The lawyer said the fishermen asked PTTGC to submit its rehabilitation plan, which it reportedly formulated with state agencies, for the fishermen to consider.

She said the fishermen also submitted a rehabilitation plan for the firm to consider, so both parties would discuss these plans at the next session in March.

A leader of the Rayong fishermen, Udomsak Lodthong, said that under the fishermen's rehabilitation plan, PTTGC would first have to clean up the oil that had sunk to the seabed by spraying chemicals and then conducting other rehabilitation work.

http://www.nationmultimedia.com/national/PTT-firm-wants-fishermen-to-lower-compensation-dem-30252110.html

-- The Nation 2015-01-18

[borisloosebrain]

PTT. Perennially Tightarsed Tycoons.

[monkeycountry]

PTT. Perennially Tightarsed Tycoons.

At least PTT pays taxes. I bet none of the 429 fishermen have ever paid any income tax, despite their claim that they make alot of money.

If they have made alot of money and filed tax returns to prove it, then simply show those papers in court and get compensation from PTTGC.

Edited January 18, 2015 by monkeycountry

[Bluespunk]

Pay them the money you scum sucking, polluting, cheap skate, miserly corporate slime.

Edited January 18, 2015 by Bluespunk

[rickirs]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

PTT. Perennially Tightarsed Tycoons.

At least PTT pays taxes. I bet none of the 429 fishermen have ever paid any income tax, despite their claim that they make alot of money.
If they have made alot of money and filed tax returns to prove it, then simply show those papers in court and get compensation from PTTGC.

You have seen PTT's tax returns? Would you like to share? Or if you have access to certified financial statements, that would suffice. Just because a company files a tax return doesn't mean it paid any taxes. It's amazing how phantom or inflated expenses can throw a business into a loss for tax purposes, not that PTT would do such a thing.

[monkeycountry]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

PTT. Perennially Tightarsed Tycoons.

At least PTT pays taxes. I bet none of the 429 fishermen have ever paid any income tax, despite their claim that they make alot of money.

If they have made alot of money and filed tax returns to prove it, then simply show those papers in court and get compensation from PTTGC.

You have seen PTT's tax returns? Would you like to share? Or if you have access to certified financial statements, that would suffice. Just because a company files a tax return doesn't mean it paid any taxes. It's amazing how phantom or inflated expenses can throw a business into a loss for tax purposes, not that PTT would do such a thing.

Everyone has access to their financial statements, as it is a public company. I thought that was common knowledge? How else do you expect investors to decide if it is a good investment or not?

If interested you can see their financial statements, as well as tax payments, both on PTT's own websites and on the SET's website (www.set.or.th).

[monkeycountry]

<script type='text/javascript'>window.mod_pagespeed_start = Number(new Date());</script>

PTT. Perennially Tightarsed Tycoons.

At least PTT pays taxes. I bet none of the 429 fishermen have ever paid any income tax, despite their claim that they make alot of money.

If they have made alot of money and filed tax returns to prove it, then simply show those papers in court and get compensation from PTTGC.

You have seen PTT's tax returns? Would you like to share? Or if you have access to certified financial statements, that would suffice. Just because a company files a tax return doesn't mean it paid any taxes. It's amazing how phantom or inflated expenses can throw a business into a loss for tax purposes, not that PTT would do such a thing.

Oh, and keep in mind, the majority shareholder in PTT is the ministry of finance (51%), so even if PTT did not pay taxes (which it does), then most of it's profit would end in the public coffers anyway, as dividend paid to the finance ministry.

This info is also on the SET website mentioned above :-)

Edited January 18, 2015 by monkeycountry