Wall Street

Close land tax loophole

Published by
The Bangkok Post

An attempt by a major property developer to promote a “green” campaign has backfired, after the project was accused of being a means to avoid paying land taxes. Recently, a post on the Facebook page of Impact Arena, Exhibition and Convention Centre — one of the country’s largest exhibition spaces — went viral for all the wrong reasons. Originally meant to promote a 50-rai banana plantation which it established near Impact Arena, the post instead attracted a barrage of criticism from netizens accusing the company of exploiting a tax regulation loophole. The post said that the plot opposite Doub…

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