Philip Morris pleads not guilty to huge import tax dodge

Tobacco giant Philip Morris on Monday pleaded innocent to dodging hundreds of millions of dollars in import taxes, a crime carrying a fine of up to 80 billion baht.

Prosecutors accuse the local unit of the company, which owns the Marlboro and L&M brands, of evading some 20 billion baht in taxes by under-declaring import prices for cigarettes from the Philippines between 2003 and 2006.

In fact, the duty-free end price of the cigarettes was much higher....

Philip Morris pleads not guilty to huge import tax dodge | Bangkok Post: business