Thailand fines Philip Morris $40m

A Thai court has found tobacco producer Philip Morris Thailand guilty of tax evasion through under-declaring the value of its tobacco imports from the Philippines. The same ruling acquitted seven employees on the same charges. The company has been fined 1.2 billion baht and says it will appeal the decision.

Source: https://www.mailonsunday.co.uk/wires/ap/article-7738223/Thai-court-fines-Philip-Morris-39-7-million-tax-evasion.html