Other institutions with significant tax bills include IC Markets ($144 million), UBS Australia ($51 million), Challenger ($46.5 million), J.P. Morgan Australia ($46 million), Perpetual at ($40 million) and WAM Capital ($24 million).
The alliance will allow AIOFP members to join TSA's tax agent association, TAI Practitioners, which complies with the Tax Practitioners' Board requirements.
Each procurement had a value of $25,000, bringing the total tax bill for Shipton to $75,000.
Thailand, like most of the emerging market economies, is betting on an expansive fiscal policy to cushion the blow from the virus outbreak that's devastated its tourism and exports.
Tax take from net incomes and profits, which accounts for the bulk of the BIR’s yearly collection, is seen dropping to P786.8 billion this year from P1.15 trillion in 2019.