PUBLISHED: 29 Mar 2025 at 05: 57
The People’s Party ( PP ) has filed petitions for formal inquiries into Khao Yai, the home of Prime Minister Paetongtarn Shinawatra, and her family’s controversial stock purchase.
PP MPs led by deputy leader Wiroj Lakkhanaadisorn on Friday sent a letter to the Revenue Department to formally examine the premier’s use of promissory notes ( PNs ) to buy shares and determine whether it was an act of tax evasion two days after the end of the debate.
He claimed yesterday that the prime minister, who is also the head of the government and the council on fiscal and monetary policy, needs a proper decision on this matter.
Mr. Wiroj claimed that the use of PNs may be interpreted as an attempt to avoid the 5 % gift tax because there were no payments or interest rates specified at the start of the no-confidence conversation.
The Revenue Department’s captain, Pinsai Suraswadi, recently stated that when shares are sold using PNs, tax is due when the PN is paid in cash.
In this situation, it is well known that the PM may create a cash settlement in 2026, which means that the sender must document the tax form in 2027 and include this money in their 2026 tax calculations.
Mr. Wiroj claimed that the division head had not taken into account whether the transaction had been made up as a purchase in order to avoid paying taxes on the product when it was afterwards made as a gift.
There is nothing wrong with using the PN, which some people consider to be a financial instrument. However, we must examine the situation to determine whether it is real money or just fabricated to evade paying the price.
He claimed that the Revenue Department’s taxes arbitration committee is seeking a proper decision in this case so that the ruling may also serve as a common public’s recommendation.
The office head, he added, may be asked to provide additional knowledge to the House Economic Development Committee.
The PP MPs also filed a second petition with the Department of Land ( DoL ) to look into the status of the Shinawatra family’s luxurious hotel” Thamp Valley Khao Yai” in Nakhon Ratchasima.
The opposition claimed that the property parcel cover the opulent hotel, which was a part of the Lam Takhong self-help settlement, is in a “watershed area” where land registration is not permitted.
The self-help arrangement for people who had been displaced by the Lam Takhong Dam’s building was established in 1970. Prior to this, the DoL had advised that rules were being followed when releasing documents.
Ms. Paetongtarn, in contrast, defended the PP’s actions against her, saying that every deal was in the best interests of the client.