PM wants Shin Corp tax issue to be settled in court

Prime Minister Prayut Chan-ocha reaffirmed on Friday that the capital gains tax issue regarding the sale of the Shinawatra family’s stakes in Shin Corp to Singapore’s Temasek Holdings in 2006 should be settled in the court of law.

He said he didn’t want to respond to complaints from any members of the Shinawatra family regarding the government’s bid to demand capital gains tax from the family for the share sale deal, maintaining that he did not bully the family.

Asked why authorities concerned in the past did not demand tax payment from the Shinawatra family for the past decade, the prime minister pointed out that the authorities then might have interpreted the law in a way which was beneficial to the family whereas the officials now are interpreting the law in a different way.

He said it was pointless to settle the issue through the media, but through the court of law which should settle the case once and for all.

The Revenue Department is expected to reassess the tax to be demanded from the Shinawatra family within March 31.