Calm approach on tax reforms urged

Ministry says steps must not be extreme

The Finance Ministry’s permanent secretary Krisada Chinavicharana is warning the new government that tax reforms to increase revenue must not cause a shock to the economy.

“Tax revenue is only 14% of GDP, though it should be 15% or 16%. In all past government administrations, the ministry proposed tax reform plans for consideration, consisting of 20 items,” he said.

Mr Krisada said that although the ministry wants to implement tax reforms to increase revenue in order to cover expenses and deal with future economic uncertainties, the measures must not cause a shock to the economy.

“Anything that is too extreme can…