530 politicians hold B24.48bn in property, says NGO

530 politicians hold B24.48bn in property, says NGO

An aerial view of empty land near a housing estate on the outskirts of Bangkok. (Bangkok Post file photo)
An aerial view of empty land near a housing estate on the outskirts of Bangkok. (Bangkok Post file photo)

More than 500 politicians own property worth a total of nearly 25 billion baht, indicating why they are opposed to a proposed land and buildings tax, an advocacy group said.

A study carried out by Local Action Links (LocalAct), a non-profit organisation protecting farmers' land rights, showed 530 politicians held land or buildings worth a combined 24.48 billion baht. The figures were derived from public documents filed with the Office of the National Anti-Corruption Commission between 2011 and 2014.

Pongthip Samranchit, LocalAct's director, said the 530 members of parliament owned a total of 8,388 land parcels covering 68,765.5 rai and valued at 18.1 billion baht. On average, an MP owned 129.7 rai of land, the group said.

The politicians also owned 1,835 buildings worth 6.4 billion baht. Each MP owned, on average, 3.5 building units, LocalAct said.

She said the combined value of land and building held by the 530 MPs averaged 46.2 million baht each.

The study shown that 14 MPs held land covering more than 1,000 rai; 25 had more than 500 rai of land and 126 more than 100 rai each.

Ms Pongthip said the government's main justification for a property tax was so the government would have enough funds to spend on assisting the poor with no assets or farmers with no cultivation fields.

LocalAct said the data reflected the wide gap in land holdings in Thailand. The government should intervene to bring about fairer distribution of land and the land tax was a suitable tool to do that.

She said, however, if the government's aim is mainly to more fairly distribute land and not to generate revenue, those with only small and low-value plots should be exempted. That would ensure no negative impacts from the tax and bring justice to people who have few assets.

Politicians, however, are not the largest group of landlords, according to Lands Department data.

LocalAct last week issued a similar report on nationwide landholdings. It showed the Sirivadhanabhakdi family was the largest landlord in Thailand, with more than 630,000 rai, followed by the Chearavanont family (200,000 rai) and United Palm Oil Industry Plc (44,400 rai).

Do you like the content of this article?
COMMENT (22)

Govt’s struggle to deploy fiscal spending weighs on outlook

Fiscal policy is back in focus in Thailand as the central bank runs out of conventional monetary policy space to spur the economy.

10:47

6 details about Trump's tax troubles, according to NY Times

WASHINGTON: The New York Times on Sunday published a major report into US President Donald Trump's federal income tax affairs, weeks ahead of the Nov 3 election when he hopes to win a second term.

08:45

Vardy treble inspires Leicester to 5-2 win over Man City

MANCHESTER: A Jamie Vardy hat-trick coupled with goals from James Maddison and Youri Tielemans steered Leicester City to a stunning 5-2 win at Manchester City on Sunday and kept them top of the Premier League with a maximum nine points from three games.

08:13