Yesterday the cabinet came out with a new tax structure for individuals stating that personal income taxes will be lowered across all brackets.
1. Government tax revenues continue to decrease – worrying although Thailand albeit still has low debt-GDP levels
2. Great for us individuals! But I still don’t understand why a flat rate for corporations and individuals doesn’t exist, it would make life far simpler for all involved
3. Strategists may be out in full force saying how this additional income will be a boon for retail stocks as Thais will have more spending power.