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Thursday, May 16, 2024

Tax Hike on Rich May Be Needed to Pay Thailand’s Pandemic Debt, World Bank Says  | Voice of America

BANGKOK – Thailand’s super rich may ultimately have to pay more in taxes to address the $45 billion in government borrowing during the coronavirus pandemic, World Bank economists said Thursday, as the country struggles to roll out vaccines to flatten the curve of its worst COVID-19 outbreak. 

FILE – Dhanin Chearavanont, chairman of Thailand’s largest agribusiness group, Charoen Pokphand Food, arrives at a Thailand-China Business Council Seminar in Bangkok, March 15, 2013.

The kingdom, one of Asia’s least equal societies, is home to 52 billionaires, according to the Shanghai-based Hurun Rich List, the most in Southeast Asia, and outstripping Italy, Japan and Singapore.  

Many have multiplied their fortunes during the pandemic — including Dhanin Chearavanont, Thailand’s richest man, with net worth of $18.1 billion on the 2021…

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