Income taxes may dip on trend, as VAT hikes

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Global trends are shifting towards reducing income taxes and increasing consumption and wealth taxes, according to finance permanent secretary Lavaron Sangsnit.

The proposal included a review of various tax exemptions and deductions, as well as measures to reduce energy-related living costs, ensuring they are necessary and beneficial.

The answer is no because a key objective of taxation is to reduce income inequality between high-income and low-income earners.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Taxes Income Measures Thai Consumption Lavaron Wealth Thailand Assets Revenue Structure

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-18 @ 09:50:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 25229125

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