"Paisal further argued that the Revenue Department later issued a new tax assessment in Thaksin’s name based on the same underlying facts. In his view, this raises legal issues because the original assessment had already been cancelled by the court and the statutory time limits for issuing tax assessments and pursuing legal action may have expired, creating potential statute of limitations issues." Apparently Civil Tax Assessments have a statutory limit of 10 years in Thailand while in the United States if a taxpayer files a false or fraudulent return with the intent to evade tax, there is no statute of limitations. The IRS can audit you, assess back taxes, and apply civil fraud penalties at any point in the future—even decades later. Nothing suprises me anymore. The Thai laws are tailor made for the likes of Teflon Tony.
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