DE FACTO Pheu Thai boss Thaksin Shinawatra instructed his lawyer to file a lawsuit against the Revenue Department over its move to seize additional assets with this seen as double taxation because the state had already confiscated the 46 billion baht in proceeds from the sale of Shin Corp shares in 2006, Naewna newspaper said today (Sep. 16).
Thaksin’s lawyer, Mr. Winyat Chatmontri, suggested that the Revenue Department should instead seek the funds from the Finance Ministry. The Central Tax Court has scheduled a hearing on a request for an injunction (temporary protection) for Oct. 7.
The Revenue Department is currently proceeding to seize and freeze Thaksin’s assets to settle a tax debt arising from the 2006 sale of Shin Corp shares to Temasek Group. This action follows the Supreme Court’s Tax Division ruling on Aug. 14, 2025 that the Revenue Department’s tax assessment was lawful.
Winyat said that Thaksin has no intention of disputing or disrespecting this final judgment, but while the Supreme Court ruled that the assessment on 329,200,000 Shin Corp shares sold to Temasek Group in 2006 —valued at 15,883,900,000 baht—was lawful and that Thaksin was liable for tax on said income, it is important for all parties to understand that this 15,883,900,000 baht constituted a portion of the total proceeds Thaksin received from selling his Shin Corp shares (totaling 1,419,490,150 shares).
The Supreme Court’s Criminal Division for Persons Holding Political Positions had already ruled on Feb. 26, 2010 that the entire proceeds (totaling 46,373,687,454.70 baht) must be forfeited to the state.
Consequently, there remained no income or other benefit derived from the Shin Corp share sale upon which Thaksin was liable to pay tax for the year 2006.
Therefore, the subsequent seizure and attachment of Thaksin’s assets constituted a redundant action, duplicating the enforcement of the judgment rendered by the Supreme Court’s Criminal Division for Persons Holding Political Positions, he said.
CAPTION:
Top and Front Page: De facto Pheu Thai boss Thaksin Shinawatra. Above photo – Naewna, Front Page – Amarin TV
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