Finance Minister Wants New Land And Property Tax

[george]

Korn wants new land tax implemented

BANGKOK: -- Finance Minister Korn Chatikavanij vows to push for a new land and property tax bill to create a more equitable society in the country.

Mr Korn said he had promised the public since he took office that he would pay more attention on reducing the gap of social inequality than increasing the government's revenue.

The new land and property tax bill would benefit farmers whose agricultural land values were small, he said

The minister said many senators and MPs together with some opposition members also supported the idea of imposing progressive tax rates on unused plots.

This would stimulate development of unused land, he said.

-- Bangkok Post 2009-05-10

[trogers]

Probably some sort of Georgism Land Tax system: http://en.wikipedia.org/wiki/Georgist

Singapore has adopt the same principles and applied them into general property tax, not just undeveloped land.

Edited May 10, 2009 by trogers

[thaiwanderer]

well all land in Thailand is theoretically owned by the Thai people collectively and way back when each (male) citizen had a notional amount of land - but not georgism not least because not equal 'ownership' (bigger / smaller depending on status)

as to the story its the usual spouting of an empty vessel

[qbkh]

Does it mean that the owner of a condominimum unit has to pay property tax every year after the introduction of property tax?

[thaiwanderer]

Does it mean that the owner of a condominimum unit has to pay property tax every year after the introduction of property tax?

the extent (and vagueness) of the proposals are contained in the quoted article

[Tilt]

Does it mean that the owner of a condominimum unit has to pay property tax every year after the introduction of property tax?

the extent (and vagueness) of the proposals are contained in the quoted article

This law will never be enacted.

[thaiwanderer]

http://www.nationmultimedia.com/2007/06/18...on_30037131.php

from 2007 as an example only - are MPs going to support taxing themselves?

[thaiwanderer]

http://www.bangkokpost.com/business/economics/16543/