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Thai Tax Strategy Revamp: VAT Hike, Income Tax Cuts Proposed

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8 minutes ago, AhFarangJa said:

My take on it, maybe right, maybe wrong, is that they wanted to go after the Thais offshore but included Foreigners so they could not be accused of being racist to Thais. It would be easy to exempt foreigners.

Exactly

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    Yes, interesting.   The folks earning higher incomes, who actually hold the power to write the regulations, are going to lower the top income tax bracket.   They've already made ca

  • VAT is a regressive tax -- it favors the wealthy. So you lower the tax on the rich to 15 percent and to pay for it you raise the VAT, which hurts the poor and middle class the most since they have to

  • So, tax the poor and middle-class more, and tax the Elite less.....I wonder who thought this up.

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9 minutes ago, lordgrinz said:

So now they dropped the plan, it was just a misunderstanding 😉

What's been dropped?

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2 minutes ago, chiang mai said:

What's been dropped?

 

The PM has pulled the plug on any VAT changes.

1 minute ago, lordgrinz said:

 

The PM has pulled the plug on any VAT changes.

Sensible, it would just alienate all the rural poor.

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1 hour ago, lordgrinz said:

 

The PM has pulled the plug on any VAT changes.

 

Great now she can drop the tax changes too....She would not want to alienate any expats...

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