Thai court cuts tax evasion fine for Philip Morris


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BANGKOK, Jan 31, 2023 (AFP): A Thai appeal court on Tuesday ordered a reduction to a US$4 million fine imposed on tobacco giant Philip Morris for evading tax on cigarettes imported from Indonesia.

A lower court handed down the original penalty in March 2020 to the local unit of the company, which owns the Marlboro and L&M brands.

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Thailand , Philip Morris , Tax evasion , Fine , Reduced

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