Wissanu defends his Bt87m gain amid Pheu Thai questions about taxes

[snoop1130]

Wissanu defends his Bt87m gain amid Pheu Thai questions about taxes

By The Nation

 

 

Deputy Prime Minister Wissanu Krea-ngam said on Monday that the Bt87 million-plus in assets he earned after leaving the Thaksin Shinawatra government mainly resulted from the increased value of his properties and investments.

 

Wissanu said he had paid proper taxes on his income. He also said he was prepared to have his tax affairs scrutinised by the Revenue Department and the National Anti-Corruption Commission.

 

“If the agencies have queries, I am pleased to explain. I have all the necessary documents,” he said, adding that he had already submitted some documents to authorities.

 

Wissanu, who is in charge of the government’s legal affairs, was responding to a request by Pheu Thai Party legal expert Ruangkrai Leekitwattana asking him to disclose his tax records between 2005 and 2014, when his assets increased by Bt87.5 million. 

 

Ruangkrai submitted the request through the public-complaint centre at the Prime Minister’s Office Monday morning. He said he wondered whether Wissanu had paid his income taxes properly and called for the disclosure of his tax records for scrutiny. 

 

Source: http://www.nationmultimedia.com/news/breakingnews/30311173

 

-- © Copyright The Nation 2017-4-3

[clockman]

A good day on the horses.

[bangrak]

PTP asking to disclose tax records between 2005 and 2014 for scrutiny, from a Mr Wissanu, who was, as a legal expert, a close aid of a certain Mr Thaksin and his political parties before... Are you really sure this is a very good idea, Mr PTP legal expert Ruangkrai? Sure you're not opening a Pandora's box? Sure everything's been thoroughly cleaned up when Mr Wissanu would remember about some stuff from his time with the Shins?

[webfact]

Wissanu defends his Bt87m gain amid Pheu Thai questions
By THE NATION

 

Wissanu

 

BANGKOK: -- DEPUTY PRIME MINISTER Wissanu Krea-ngam said yesterday that the Bt87 million-plus in assets he earned after leaving the Thaksin Shinawatra government mainly resulted from the increased value of his properties and investments.

 

Wissanu said he had paid proper taxes on his income. He also said he was prepared to have his tax affairs scrutinised by the Revenue Department and the National Anti-Corruption Commission.

 

“If the agencies have queries, I am pleased to explain. I have all the necessary documents,” he said, adding that he had already submitted some documents to authorities.

 

Wissanu, who is in charge of the government’s legal affairs, was responding to a request by Pheu Thai Party legal expert Ruangkrai Leekitwattana asking him to disclose his tax records between 2005 and 2014, when his assets increased by Bt87.5 million. 

 

Ruangkrai submitted the request through the public-complaint centre at the Prime Minister’s Office yesterday morning. He said he wondered whether Wissanu had paid his income taxes properly and called for the disclosure of his tax records for scrutiny. 

 

He said Wissanu saw his assets increase by the equivalent of Bt9.7 million a year between 2005 and 2014, noting that after assuming office in the present post-coup government, Wissanu reported an increase of “only Bt3 million” in assets. Wissanu served as a deputy prime minister under Thaksin from 2002 to 2006.

 

Ruangkrai called on relevant authorities to deal with Wissanu’s case in the same way they treated similar cases involving opposition politicians. He admitted that yesterday’s move was related to authorities’ actions against Thaksin, who has been living in exile overseas, seeking to claim allegedly unpaid taxes.

 

The Revenue Department recently posted a notice at Thaksin’s Bangkok house demanding Bt17 billion in back-taxes stemming from the sale of his family’s shares in the telecoms company Shin Corp in 2006. 

 

Wissanu said yesterday that the Bt87-million increase in his assets took place after he left the Thaksin government, and that he had served as a director in various companies.

 

When asked if the move against him was politically motivated, Wissanu said: “People with common sense should know. That’s why I am not excited at all.”

 

Source: http://www.nationmultimedia.com/news/national/30311211

 

-- © Copyright The Nation 2017-04-04

[grumbleweed]

87 million, that's some property and investment portfolio,

What did he invest in, reusable brown envelopes?

 

 

 

[AGareth2]

over 9 years

what is his total asset value

[USPatriot]

Just picks winners.  Lucky man must be the amulet or giving money for good carma to the temple.

[klauskunkel]

A true insider, knowing when to change allegiance... and not one gray hair in sight, truly remarkable

[TheFishman1]

Everything here is Corrupt TIT

[Retiredandhappyhere]

Wissanu said he had paid proper taxes on his income. He also said he was prepared to have his tax affairs scrutinised by the Revenue Department and the National Anti-Corruption Commission.

 

Sounds like he at least has a choice.....to have his tax affairs scrutinised , or not, just like any other Thai tax-payer.  

[Chris Lawrence]

2 hours ago, AGareth2 said:

over 9 years

what is his total asset value

What is the % of increase. Were trades made? Could be a freaken financial wizard?

[Eric Loh]

7 minutes ago, Chris Lawrence said:

What is the % of increase. Were trades made? Could be a freaken financial wizard?

Haven't you realize that Thai Generals are all financial wizards and have enormous wealth thru their good investment decisions. Join the army and you will naturally acquire financial wisdom. Wissanu increase his assets by 9.7 M Baht each year. That's the stuff for financial wizardry. 

[Emster23]

He was a government employee. That should be explanation enough. If someone is a government employee and doesn't make bags of money, I would guess 1. got position due to nepotism & is dumber than a bag of hair 2. died on the job but no one noticed.

[billd766]

IIRC when a politician takes post he has to submit a list of his assets and within 1 year of the end of his tenure. I am not sure however if these are made public.

 

Pheu Thai Party legal expert Ruangkrai Leekitwattana may be opening Pandora's Box by making that request however as it can easily backfire on himself, plus current and ex members of the PTP, PPP and the TRT and possibly on ANY current or ex members of ANY political party.

[robblok]

2 hours ago, Eric Loh said:

Haven't you realize that Thai Generals are all financial wizards and have enormous wealth thru their good investment decisions. Join the army and you will naturally acquire financial wisdom. Wissanu increase his assets by 9.7 M Baht each year. That's the stuff for financial wizardry. 

Have you noticed that this was during the time he served the PTP and now his income does not increase... strange.. isnt it.. looks like the junta checks their guys better than the PTP

[Sphere]

He listed to sage advice.....

 

Quote

BANGKOK, 4 April 2017 (NNT) – The Prime Minister has expressed his satisfaction with a reported decrease in household debt while reminding citizens to be careful with their spending. 

 

[elgordo38]

19 hours ago, snoop1130 said:

He also said he was prepared to have his tax affairs scrutinised by the Revenue Department and the National Anti-Corruption Commission.

 

Should take all of 5 minutes to give you a clean bill of health

[elgordo38]

9 hours ago, webfact said:

DEPUTY PRIME MINISTER Wissanu Krea-ngam said yesterday that the Bt87 million-plus in assets he earned after leaving the Thaksin Shinawatra government mainly resulted from the increased value of his properties and investments.

 

This guy is an expert on changing horses in mid stream and riding a winner. 

[Baerboxer]

10 hours ago, Eric Loh said:

Haven't you realize that Thai Generals are all financial wizards and have enormous wealth thru their good investment decisions. Join the army and you will naturally acquire financial wisdom. Wissanu increase his assets by 9.7 M Baht each year. That's the stuff for financial wizardry. 

 

Talking of financial wizards Eric. How much was it in % terms that the Shin clan wealth increased during the PTP regime years? A certain well known crook and clan patriarch did brag about the clan rise in Forbes rich list and the % was mentioned. Quite extraordinary. 

 

Perhaps that family and cronies would like to open their tax returns for scrutiny?

[candide]

7 hours ago, robblok said:

Have you noticed that this was during the time he served the PTP and now his income does not increase... strange.. isnt it.. looks like the junta checks their guys better than the PTP

If I remember well, the rule is that they must declare assets when they start and when they leave a government position. So he left  in 2005 and started again in 2014, that's why the wealth increase is known during this period. It is not written anywhere in the article that it did not increase after 2014. We'll need to wait one or two years more, in order to know.....

[anon4546543]

But surely the Shinawatra govt was not corrupt and only helped the poor rice farmers?

[robblok]

10 hours ago, candide said:

If I remember well, the rule is that they must declare assets when they start and when they leave a government position. So he left  in 2005 and started again in 2014, that's why the wealth increase is known during this period. It is not written anywhere in the article that it did not increase after 2014. We'll need to wait one or two years more, in order to know.....

 

If the facts in the article aren't to your liking there is no need to say you did not read them in the article. Because they clearly mention his increase under the junta and its far lower then under the PTP.. seems the PTP are better at skimming.  No wonder they want to be back in power (actually can understand it.. everyone wants money)

 

He said Wissanu saw his assets increase by the equivalent of Bt9.7 million a year between 2005 and 2014, noting that after assuming office in the present post-coup government, Wissanu reported an increase of “only Bt3 million” in assets. Wissanu served as a deputy prime minister under Thaksin from 2002 to 2006.

Edited April 5, 2017 by robblok

[billd766]

21 hours ago, elgordo38 said:

This guy is an expert on changing horses in mid stream and riding a winner. 

 

He is a Thai "politician". What else would you expect?

 

Having said that about Thai politicians, some of their counterparts in the west are not much different.

 

Slightly but still political. 

 

 Douglas Carswell, the MP for Clacton, and Mark Reckless, the MP for Rochester and Strood, resigned from the Conservative Party to join UKIP on 28 August and 27 September 2014, respectively, and resigned their seats shortly thereafter. ... At the 2015 general election, Carswell was re-elected, but Reckless was not.

 

Carswell has quit UKIP and now stands as an Independent but denies wanting to rejoin the Conservative party (who most probably don't want him back) and doesn't want a bye election called either. He was quite happy to switch parties and still keep his snout in the parliamentary trough but too much of a coward to have a bye elction in which he would most probably lose.

[elgordo38]

1 minute ago, billd766 said:

 

He is a Thai "politician". What else would you expect?

 

Having said that about Thai politicians, some of their counterparts in the west are not much different.

 

Slightly but still political. 

 

 Douglas Carswell, the MP for Clacton, and Mark Reckless, the MP for Rochester and Strood, resigned from the Conservative Party to join UKIP on 28 August and 27 September 2014, respectively, and resigned their seats shortly thereafter. ... At the 2015 general election, Carswell was re-elected, but Reckless was not.

 

Carswell has quit UKIP and now stands as an Independent but denies wanting to rejoin the Conservative party (who most probably don't want him back) and doesn't want a bye election called either. He was quite happy to switch parties and still keep his snout in the parliamentary trough but too much of a coward to have a bye elction in which he would most probably lose.

Yes the trough is the big attraction. The proper people to be politicians just do not have the money to run or the "juice"

[candide]

4 hours ago, robblok said:

 

If the facts in the article aren't to your liking there is no need to say you did not read them in the article. Because they clearly mention his increase under the junta and its far lower then under the PTP.. seems the PTP are better at skimming.  No wonder they want to be back in power (actually can understand it.. everyone wants money)

 

He said Wissanu saw his assets increase by the equivalent of Bt9.7 million a year between 2005 and 2014, noting that after assuming office in the present post-coup government, Wissanu reported an increase of “only Bt3 million” in assets. Wissanu served as a deputy prime minister under Thaksin from 2002 to 2006.

Oooops! Sorry! I read it too quickly!

[robblok]

1 hour ago, candide said:

Oooops! Sorry! I read it too quickly!

No problem it happens.

 

But quite a big difference in increase.. seems his take under the junta is a lot less than under the PTP its more then a factor 3

[candide]

1 hour ago, robblok said:

No problem it happens.

 

But quite a big difference in increase.. seems his take under the junta is a lot less than under the PTP its more then a factor 3

Well, I think I guess what you implicitly mean

Now about this implicit explanation, it can be objected that the economic situation was better before. For example the SEC index is still below its 2013 level, to compare with a raise from around 700 in 2013 to around 1000 in 2013.

 

[robblok]

14 minutes ago, candide said:

Well, I think I guess what you implicitly mean

Now about this implicit explanation, it can be objected that the economic situation was better before. For example the SEC index is still below its 2013 level, to compare with a raise from around 700 in 2013 to around 1000 in 2013.

 

Please.. your funny

 

The set rose from 1260 (around that 1-1-2016) to now 1582 .. that is a similar rise.. try something else.

 

It just showed that the guy when he was friends with the PTP got 3 times as much money then he does during the junta time... guess the truth hurts.. seems he robbed more then then he does now.

 

of course its not 100% proof but gives a good indication.

Edited April 5, 2017 by robblok

[chickenslegs]

8 hours ago, robblok said:

 

If the facts in the article aren't to your liking there is no need to say you did not read them in the article. Because they clearly mention his increase under the junta and its far lower then under the PTP.. seems the PTP are better at skimming.  No wonder they want to be back in power (actually can understand it.. everyone wants money)

 

 

Aren't you forgetting that the military, the Dems and a couple of "appointed" PM's were running the country at various times between 2005 and 2014 - not just PTP?

 

 

[robblok]

37 minutes ago, chickenslegs said:

Aren't you forgetting that the military, the Dems and a couple of "appointed" PM's were running the country at various times between 2005 and 2014 - not just PTP?

 

 

I am not.. that even makes my point stronger.. because he would hardly make money when others were in power.. so the increase during the times he was with PTP in power would even be higher.. 

Unless of course you think the guy is above board and all money was made legally. I don't think so personally.. I think most politicians here make money on the side.