In what might well be a world's first, the Thai taxman has been able to introduce two consumer taxes, both based on retail prices, albeit retail prices assessed using different criteria: one actual (7% VAT), and one calculated on a phantomlike "recommended" retail price (excise tax).
Couldn't the Thai taxman simply increase the VAT on goods subject to the excise tax? This approach would have probably been too transparent and didn't leave enough room for the revenue department officers to exercise their good judgment and sole discretion, and be graciously rewarded for them.
Proposed VAT hike from 7 to 15%?
Without proper welfare to the general public will certainly cause backlash.
Whatever revenue increases, it is highly unlikely to be used to better the public social safety net(other than occasional money handout for vote buying) here.
Higher tax simply means more easy billions into the pocket of the 0.1% of the kingdom.
These guys aren't the swamp, more like the doers.
The swamp is reflected by the 92% of DC voters abiding by Biden 😜 The bloated bureaucrats, lawyers, lobbyists, NGOs, regulatory bodies, DOJ & Environment zealots, etc etc. 92% is unreal, unhealthy no matter what side of the political divide you're on.
Trump will take a hacksaw to this malignant rump and give the Americans more freedom in many ways.
Already seeing the progress in Italy and Argentina, next Germany, then Canada. Finally the Western world is waking up.
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