Country reviewing tax structure to improve investment.

By bne IntelliNews November 19, 2010
Thailand is reviewing its complete tax structure in a bid to increase competitiveness and improve investments. As reported by Dow Jones International News, Ministry of Finance Permanent Secretary Areepong Bhoocha-oom stated that the review was still in a stage of study, and was part of a long term plan of achieving a balanced budget within five years. He issued this statement after the Nation newspaper reported that the ministry was looking to cut the corporate tax rate from 30% to 18%, while increasing value added tax.

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