Slowly but surely, the Thai net is closing in on the taxpayer
Attention foreigners in Thailand: The Thai tax authorities now have new tools to track financial flows thanks to the Common Reporting Standard (CRS). This system, intended to combat tax evasion, can provide insight into foreign money transfers. The question is whether the Thai authorities are ready for practical implementation. Expect a stricter approach and possibly intensive controls soon.
Booking.com in a bad light
We go back to the year 1996 when Geert-Jan Bruinsma graduated from the University of Twente as a technical business administrator and founded Bookings.nl. Travelers know the company, which has since grown into a multinational with a turnover of 15 billion euros and a stock exchange listing in New York, and is now owned by the American Priceline, all too well.
There is a criminal organization active that ships valuable sports cars such as Lamborghinis, Porsches and BMWs that are registered as stolen in Great Britain to Thailand. The British are working with Thai police to round up the gang.
Panama Papers: 'Many' Thais involved in global scandal
There seem to be quite a few Thai nationals in the Panama Papers documents. The Anti-Money Laundering Office (AMLO) is in any case interested in 21 Thai people who are mentioned by name. It is not clear how AMLO arrived at this number because the Panama Papers list at least 780 names of individuals and another 50 names of companies based in Thailand. This also applies to foreigners or foreign companies. The leaked documents list 634 individual Thai addresses.
Cigarette maker Philip Morris accused of tax evasion
Thailand accuses US tobacco giant Philip Morris of tax evasion and is taking the matter to court.
