Excise Department helps stimulate grassroots economy

[rooster59]

Excise Department helps stimulate grassroots economy

Praphorn Praphornkul

 

 

BANGKOK(NNT) - In response to the government’s policy to support income distribution in local communities, the Excise Department is to arrange activities to boost the income of participating communities across the country, and strengthen the domestic economy amid the global economic slowdown.

 

The Director-General of Excise Department, Patchara Anuntasilpa, announced today that the government’s "Chim, Shop, Chai (Taste, Shop, Spend)" stimulus campaign has helped promote the tourism sector as well as the economies of local communities. Mr. Patchara said his agency had instructed its provincial units to hold meetings or seminars with community members regularly, so that they can help promote local food, products and tourist destinations. He said this will create an additional channel for communities to generate more income.

 

Next week, senior officials of the Excise Department are to meet with local entrepreneurs in Phutthamonthon district, Nakhon Pathom province, to offer guidance and information about tax regulations. The meeting will help the entrepreneurs to operate their businesses and better manage their tax obligations properly.

 

The government’s moves to raise cash flow in local communities is one of the ways to support economic expansion from within, as the global economy faces a slowdown.

 

One of the government’s economic expansion measures is to support income distribution more broadly. For fiscal year 2019, the government’s revenue from tax collection exceeded the target by 1%, or about 585 billion baht. Excise tax collected on alcoholic beverages and motor vehicles increased slightly from last year. For fiscal year 2020, the government’s tax collection target is 10% higher, or about 642 billion baht.

 

-- © Copyright NNT 2019-10-06

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[Srikcir]

7 hours ago, rooster59 said:

the Excise Department is to arrange activities to boost the income of participating communities across the country, and strengthen the domestic economy amid the global economic slowdown.

This approach seems almost childish with some vague piecemeal solution to "strengthen the domestic economy" with short term directed government subsidies. Pretty much the same government approach for the last five years. Just packaged in a different gift box.

It's not designed as a sustaining long-term program nor addresses the fundamental factors that affect income inequality (not to mention the broader issue of society inequality).

There's no mention of any performance parameters one can use to judge the program's effectiveness to achieve whatever quantitative results reflect "strengthening the domestic economy." The government points to using up its budget and to lots of program qualified people standing in line for a day. What about the next 364 days in the year? And the year after that?

[Srikcir]

8 hours ago, rooster59 said:

Excise Department helps stimulate grassroots economy

Be professional!

Immediately lower VAT for two years minimum - 3.5%?

The VAT is NOT a progressive tax. Those with lower incomes inevitably consume all their income - and hence pay taxes on everything, whereas those with higher incomes typically do not consume their entire income.

Follow with a comprehensive earned income plan.

Effective Policy for Reducing Inequality? The Earned Income Tax Credit and the Distribution of Income

https://www.nber.org/papers/w21340

A Simple Fix to Address Income Inequality

https://www.bloomberg.com/opinion/articles/2019-01-28/a-simple-fix-to-address-income-inequality