Thailand’s king has put the monarchy’s diverse investment portfolio into his own name in a move that’s causing mixed feelings. Now that the royal house’s corporate and real estate assets are in King Maha Vajiralongkorn’s name, an estimated $30 billion holdings are now subject to tax, according to the Financial Times. The Crown Property Bureau, which had previously been the entity behind all royal investments, had been exempt from taxes and asserted in the past […]
source https://therealdeal.com/2018/06/17/richest-monarchy-in-the-world-assumes-personal-control-of-re-assets/
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