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Bangkok Post – Finance minister floats tax changes

A man gathers a stack of banknotes at Bangkok Bank headquarters on Silom Road. Investment in Thailand his year is expected to reach 1 trillion baht, the highest in decades. (Photo: Somchai Poomlard)

Finance Minister Pichai Chunhavajira has floated the idea of increasing value-added tax (VAT), while reducing corporate and personal income tax rates to strengthen state revenue, drive national development, enhance competitiveness and address domestic disparities.

The Organisation for Economic Co-operation and Development has introduced guidelines stating that everyone engaged in business should contribute by paying a…

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