Thai economy: Investment stimulus planned

[Jonathan Fairfield]

Investment stimulus planned

BANGKOK:-- The Finance Ministry expects to propose to the Cabinet a short-term stimulus for investment soon, saying it would motivate investment without touching corporate income-tax rates.

Somchai Sujjapongse, permanent secretary of the ministry, said the short-term stimulus measures were expected to be forwarded to the Cabinet soon.

The stimulus, which is expected to encourage investors to make faster decisions for only a certain period, will be similar to the Board of Investment's privileges.

"The planned measures will involve tax and relaxation of rules to promote investment," Somchai said. However, the corporate income-tax rates will not be taken as incentives adjusted, as they are at appropriate levels at present.

Source: http://www.nationmultimedia.com/breakingnews/Investment-stimulus-planned-30271243.html

-- The Nation 2015-10-20

[Srikcir]

“corporate income-tax rates will not be taken as incentives adjusted, as they are at appropriate levels at present.”

Does Somchai ever talk to Somkid? They both make economic decisions for the nation yet Somchai seemes oblivious with policies set by Somkid and his predecessor Devakula.

Just last week Somkid announced making permanent the temporary decrease of the corporate income tax from 23 per cent to 20 per cent. So yes, corporate income-tax rates are and will remain at an appropriate level because an adjustment has been made to do so - by Somkid.