Transcript of the above video: 

As the title of this video suggests, we are discussing tax collection in the context of Thai Law Enforcement and in the background, keep in mind this current anti-nominee push here in Thailand with regard to Thai Law Enforcement really assiduously and heavily scrutinizing corporate structures here in Thailand that involve foreigners; and I've discussed that at length in other videos. 

Before we dive into the article, real quick, I've had people ask me and say, "We really want to support you. We understand that your channel isn't monetized but we don't necessarily need to avail ourselves of a lawyer or a law firm. Is there anything we can do?" Well my better half and I set up a restaurant here in downtown Bangkok; the name is Pancake Palace. As the name implies, breakfast anytime, as well as American Diner style food. We also have an English breakfast on the menu; it's not just American breakfast, but we also have hamburgers, cheeseburgers, buffalo wings, hot dogs, chilli dogs, grilled cheese sandwiches, Coke in glass bottles; all kinds of good stuff. If you are interested, please feel free, check out the links in the description below, come on by and see us. 

That said, let's jump in here. I thought of making this video after reading a recent article from the Pattaya Mail, that is pattayamail.com, the article is titled: Tourism statistics and enhanced corporate oversight reflect Thailand's tourism landscape and benefits in May 2026. Under the subheading: More efficient government tax collection. Quoting directly: "The use of front companies often goes hand in hand with crooked books, underreported income or failure to register for taxes. Stringent law enforcement and financial audits bring these underground businesses to light, enabling the state to collect corporate income tax, value added tax and signboard tax accurately and fairly." 

Yeah, important to point out, at the end of the day, look Governments, they are looking for Revenue. They are Revenue generators just like any other thing, and one thing that I think is one of the main thrusts of this anti-nominee initiative in Thailand is not only going after corporate structures that own property in Thailand - which I think is one of the major concerns of law enforcement - but also usage of these otherwise illicit companies to essentially dodge taxes. And there are a lot of different ways of doing that, but one of the most straightforward, albeit blunt ways, is basically to set oneself up with sort of a nominee company, move capital through it - pull the capital out - and before tax a filing needs to be done, the money is already gone. And who's left holding the bag? Well the nominees, probably, at best, and in many cases, those folks don't have money; that's been one of the concerning things from Thai Law enforcement is registered capitalization etc. 

But again, the thing to take away from this is the concern is revenue collection, tax collection, which is a concern of any government. And it's clear to me that there is a component of this anti-nominee initiative that is concerned with taxes. 

So how this plays out remains to be seen. If you are someone that owns a business in Thailand, and you are concerned about issues associated with your structure, issues associated with your shareholders, issues associated with possible tax or tax implications which may come from either changing those things or changes in the way law enforcement is dealing with these issues, it may not be a terrible idea to contact a legal professional, gain some insight and guidance into how best to proceed.