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Plan to attract a million foreign investors stalls yet again: TAX breaks are the sticking point

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On 7/23/2021 at 6:19 AM, webfact said:

will provide a one TRILLION baht windfall for Thai coffers.

Wonder where most of that money will go to. Nudge nudge, wink wink ???? ????. Maybe some of it will be left to finance pet projects that have been shelved for a long time. Like submarines for the Thai navy.

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  • After that it will be another one, then another one, then another one... Just not to confess it was destined to fail from the beginning. 

  • BKKTRAVELER
    BKKTRAVELER

    To be fair, many Thais I know have difficulties understanding what a billion is, so imagine a trillion...

  • If you want to attract them give them tax free for x years and then a slowly rising amount.   The majority (digital Nomads and retirees) will not be paying any tax anyway as they will use th

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On 7/22/2021 at 10:58 PM, billd766 said:

Will the business be subject to the 49/51 % law, and will the farang owners HAVE to abide by the 4 Thais per 1 farang rule?

 

If the answer to either or both questions is yes, Thailand can forget it.

 

 

 

This.

 

It's not like Thailand is the only country in the world that offers a program like this.

On 7/23/2021 at 8:35 PM, Scott Tracy said:

Apparently, a trillion is a million million, 12 zeros. Must mean a billion has 9 zeros...except of course, it doesn't....

Because God says so?

On 7/23/2021 at 8:01 PM, kynikoi said:

How about they just stay in Florida or Greece?

 

Boats, women, nice weather, decent beaches, good food.

 

Problem solved

Greece, Spain  Portugal, The Balkans ...all interesting fun places..France and Italy too But Thailand has more colour, food both local and international, theater, music, nightlife, festivals, depth of weirdness, adventure, cheap food and accommodation and hi so spending places....and the girls...Only Thailand provides all round entertainment female company on a number of different levels which make life more fun, more dimensional....Europe can not offer this

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