A stamp duty loop hole which allows individuals to pay a much-reduced rate of tax by using an offshore company to buy property rather than doing it in their own name has been closed. This tax avoidance scheme has been used by the rich and famous to sell Britain’s most expensive properties for years. Sir Mick Jagger and Sir Bob Geldof have been known to use this loophole.
Europe has long been a major source market for the Thai tourism industry. Of the 15.84 million international visitor arrivals to Thailand in 2010, a total of 4,341,447 arrivals were from Europe, a market share of 27.41% and an increase of 6.93% over 2009. Although, there was a decline in the second and third quarters of 2010 due to the internal political unrest, the air-traffic disruption in Europe caused by the Iceland volcanic eruption and the economic crisis in Southern Europe, the number of visitors rebounded in the fourth quarter of 2010.
BP readers will not be surprised given the previous posts on this issue – see here and here – that it was clear that Abhisit was born a British citizen, but there was just a question whether he has renounced it. Today, in parliament he admits he has not renounced it. AP has the story: Thailand’s prime minister has an confession to make: He is also British