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
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A tad cynical. The Tooth Fairy will appear shortly.
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