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Thread: Rumbling Begins

  1. #51
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by jabir View Post
    If Thai rumblings reach that stage, and successfully, does anyone expect better than a new set of dictators?
    ...less rapacious would be an enormous step forward...

  2. #52
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    Quote Originally Posted by Agent_Smith View Post
    Interesting to use the descriptor "super rich". It sounds a bit pejorative.

    I don't recall such use a few years ago. Perhaps the "love" is different for the new Elvis?
    Under the old regime, the Crown Property Bureau controlled vast assets. These assets belonged to the Crown as an institution, "held in trust for the nation" according to the Thai embassy in Washington.

    The present incumbent transferred much (or all?) of the CPB assets into his own name. The assets now belong to him as an individual.

    So things are different.

    As an individual, the present owner is liable for tax, I understand. If so then he should become a substantial contributor to government revenues, unlike his predecessors.

    Thai King now controls Crown's fortunes, must pay taxes on them - CNN

  3. #53
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by Shutree View Post
    If so then he should become a substantial contributor to government revenues, unlike his predecessors.
    ......

  4. #54
    Days Work Done! Norton's Avatar
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    ^^^^^^

  5. #55
    Thailand Expat jabir's Avatar
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  6. #56
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    ^
    ^^
    ^^^

    A tad cynical. The Tooth Fairy will appear shortly.

  7. #57
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by Shutree View Post
    Under the old regime, the Crown Property Bureau controlled vast assets. These assets belonged to the Crown as an institution, "held in trust for the nation" according to the Thai embassy in Washington.

    The present incumbent transferred much (or all?) of the CPB assets into his own name. The assets now belong to him as an individual.

    So things are different.

    As an individual, the present owner is liable for tax, I understand. If so then he should become a substantial contributor to government revenues, unlike his predecessors.

    Thai King now controls Crown's fortunes, must pay taxes on them - CNN
    The real underlying issues and crux that should be addressed.

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