Thailand seeks to reverse brain drain with tax breaks

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The story "Thailand seeks to reverse brain drain with tax breaks" was covered 12 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 12h ago

Thailand seeks to reverse brain drain with tax breaks - Bangkok Post

Quick Summary:

The government will slash by about 50% the personal income tax rate of professionals who are willing to return home to work for companies as the kingdom seeks to attract manpower for industries ranging from electronics, automobiles, robotics and aviation.

Thai nationals seeking to qualify for the inventives must have worked overseas for at least two years and must have at least bachelor’s degree.

Neighbouring Indonesia, which is similarly courting foreign investments, has also stepped up plans to halt the exodus of local talent and lure its migrants back home and bolster the pool of skilled workers.