The Central Tax Court has ruled in favour of former prime minister Thaksin Shinawatra by revoking the Revenue Department’s order for him to pay about 17 billion baht in tax over the 2006 sale of a stake in Shin Corp. The ruling was issued by the court on Monday.
On July 18, the court ruled that the department's summoning of Thaksin’s children, Panthongtae and Pintongta, for a tax assessment under Section 19 of the Revenue Code was unlawful as both siblings were only proxies holding shares for him, it said.
