Chinese National’s Car Collides with Motorcycle, Killing Woman
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British Man Arrested for Sexual Assault of 6-Year-Old Thai Stepdaughter
Someone didn't achieve an O level at English and sweats like a Geordie at a Maths test.... -
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British Army could face depletion in 6 months to a year in the event of a large-scale war
I think I can speak for most that if the lords and masters asked me to join up as they expected massive numbers of soldiers to be dead in short order, I'd tell them to stick it where the sun don't shine. As it was I did join up during my generation's war, but there was no expectation of large numbers of dead, and in fact the total number was very small, as we did not have the same combat doctrine as the US. They didn't even need to conscript, unlike Australia. Plenty of volunteers. -
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THAILAND LIVE Thailand Live Friday 6 December 2024
Thai PM Paetongtarn Raises Concerns Over 15% VAT Proposal Picture courtesy: Money and Banking Thailand's Finance Ministry is contemplating a significant hike in value-added tax (VAT), stirring considerable debate among government officials and the public alike. Full story: https://aseannow.com/topic/1345478-thai-pm-paetongtarn-raises-concerns-over-15-vat-proposal/ -
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Thai PM Paetongtarn Raises Concerns Over 15% VAT Proposal
Picture courtesy: Money and Banking Thailand's Finance Ministry is contemplating a significant hike in value-added tax (VAT), stirring considerable debate among government officials and the public alike. Prime Minister Paetongtarn Shinawatra recently voiced her apprehensions regarding a potential increase from the current 7% to a hefty 15%. She acknowledged the stress such a change could impose on citizens, urging careful consideration. Finance Minister Pichai Chunhavajira clarified on Wednesday that deliberations are in the early stages with the Finance Ministry "studying" the global tax landscape. "We are analysing both the advantages and disadvantages to secure maximum public benefit," he remarked, promising that public consultations will precede any official decision. Introduced in 1992, Thailand's VAT rate has been a stable fixture at 7%, despite occasional discussions about raising it to 10%. Currently, countries around the world impose VAT rates between 15% and 25%. Mr Pichai's comments were expanded at the recent Sustainability Forum 2025 in Bangkok, where he highlighted an OECD (Organisation for Economic Co-operation and Development) directive recommending a global corporate tax rate of 15%. He mentioned a possible reduction from Thailand's current 20% corporate tax, in line with international trends. The personal income tax was another focal point. Thailand currently imposes a 35% tax on earnings, which Mr Pichai identified as high relative to global competitors who are slashing personal tax rates to attract talent. However, the base for personal income tax remains limited compared to a substantial base for consumption tax, signalling a need for restructuring. Mr Pichai argued that adjusting consumption taxes sensibly could bridge socioeconomic gaps. "An increased VAT rate could ensure wealthier individuals contribute more, with the generated revenue allocated to assist low-income citizens and bolster infrastructure," he suggested, adding that the adjustment must be timely, considering Thailand's ageing population. Lavaron Sangsnit, the finance ministry's permanent secretary, acknowledged these changes necessitate robust political resolve and should align with the nation's economic recovery trajectory. Critics, including opposition voices, are concerned about the repercussions on the public. People's Party deputy leader Sirikanya Tansakun took to social media platform X to oppose the proposed VAT hike, fearing impacts on salaried workers and the middle class. Similarly, Thanakorn Wangboonkongchana from the United Thai Nation Party warned of potential price surges in goods and services. In an attempt to manage the cost of living, the Thai cabinet recently decided to maintain the 7% VAT rate until September 30, 2025. Government spokesman Jirayu Houngsub confirmed the extension aims to temper inflationary pressures and promote spending, all while nurturing confidence in the nation's economic resilience. Converted to local currency, this analysis invites further public scrutiny and discussions around the proposed tax adjustments. The coming weeks will likely see more debate as stakeholders mull over the broader implications of such fiscal policy changes, reported Bangkok Post. -- 2024-12-06 -
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Australian Man Runs Amok, Sets House on Fire, and Smashes Vehicles in Pattaya
Poor family.. I feel pity for the Children and Wife. 🙏 -
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Dipped below 800k for money in bank method
Back in Jan 24 having got my extension granted in Nov 23, I put down a deposit for a new house and by mistake used the wrong account. Had done it on the app and forgot to select the normal account instead of the immigration account. I landed up dipping into the 800k by 50k! I realised the mistake an hour or so later as I had not had an SMS on the normal account to say there had been a transaction. Promptly transferred the 50k straight over to correct the error. Roll forward to my extension visit this year in Nov at Hua Hin, nothing was mentioned. All okay but the IO had stapled a slip of paper into my passport regarding the ruling for 800k. Made me chuckle!
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