All the street vendors will be knocking the tax departments doors down tomorrow.

Only when Thailand becomes a "cashless society, " will the taxman be able to get his pound of flesh

which will be 50 years from now at least

On 5/30/2024 at 4:21 PM, stoner said:

I know if I was a low income earner trying to scrape by in life I would rush to tell the government so they can take more of my hard earned money.

That's why cash is King..   the more

scan/digital payments they take the odds are stacked against them

On 5/30/2024 at 10:28 AM, Sandboxer said:

Next they'll ask people to register how much gold their own 555....

Only the us would try that trick!

 

On 5/31/2024 at 4:09 PM, natway09 said:

All the street vendors will be knocking the tax departments doors down tomorrow.

Only when Thailand becomes a "cashless society, " will the taxman be able to get his pound of flesh

which will be 50 years from now at least

50 years? have you looked outside recently? almost every street vendor or service accepts QR payment. it's the preferred payment for many and most still don't report taxes. 

On 5/31/2024 at 10:23 AM, connda said:

Thailand is going first world:  Tax every satang from the poorest segment of society right down to street beggars. 

In the meanwhile the billionaire class avoids taxes with a paddock of lawyers, tax havens, and offshore account.

So - tax the commoners and peasants to death! 

Any government need revenue but IMHO the step taken should be as follows:

 

a) Ruthlessly stamp out corruption (bring in consultants from Singapore),

b) Reduce the underground economy  from 50% GDP to 20% (this is what this thread is about),

c) Introduce a flat Income Tax, adjust the VAT rate, Tax wealth and assets,

d) Redistribute some of the revenue to the poorest (not a 10K handout).

 

Meanwhile, someone would have to find means to revitalise the economy.

 

Anyhow if I could see this happen (a Sigaporean/Korean future for my girls) I'd be glad to pay IT, otherwise I'll avoid the punishment within legal limits and let the kids chose between the 30 countries where the can have a life.