Tax break on goods needed to fuel economy, says BOT chief

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Tax break on goods needed to fuel economy, says BOT chief 
By SUCHEERA PINIJPARAKARN 
THE NATION

 

BANGKOK: -- THE GOVERNMENT hopes a proposed move to spark a shopping spree by offering tax breaks on goods at the end of the year will continue the momentum achieved by economic stimulus activities in the fourth quarter, said Bank of Thailand Governor Veerathai Santiprabhob.

 

Veerathai said the tax breaks would be a smart short-term stimulus measure before major government projects were launched next year.

The Finance Ministry’s tax break proposal is expected to be considered by the Cabinet today.

 

Full story: http://www.nationmultimedia.com/news/business/macroeconomics/30301013

 

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