Yes! Less Taxes!

So its finally approved for 2013 and 2014, less personal income taxes, so the numbers look like so

personalincometax

Source: Bangkok Post 

This is wonderful for us tax payers, I don’t think it will have a big impact on the overall government’s revenue collection b/c there are only some 3 mn (?) actual personal income tax payers in Thailand.

And the cynic in me wants to comment quickly on the governments quote saying that this makes Thailand more attractive, not really, Singapore and Hong Kong charges what 16-17% flat across all salary ranges? And again if I’m a business owner I’d just charge everything through my business instead b/c corp income tax is 20%, why should I waste money paying it to this government?

Investment wise, does this benefit anyone? Well the usual’s, retailers and property.

Stocks in the news (advanc, bmcl, bts, demco, mcot, mega, ticon, wha) 20.11.13

ADVANC

Cuts revenue target — ADVANC has lowered its revenue target for the year to 5-6% from 6-8% as it expects the slowdown in the economy to continue affecting earnings from 3Q13 through to 4Q13. (Khao Hoon, 20/11/13)

Comment: And it looks like it will be the same story next year, management isn’t really open about their thoughts on price wars even though DTAC states publicly that there is

BMCL

MoF to decide on capital increase — Chutchart Sutthiphan, permanent secretary of the Transport Ministry said the decision to raise capital for BMCL will be up to the Ministry of Finance, as it is the shareholder of the company. He went on to say that the issue will become clearer as the new year approaches. (Matichon, 20/11/13)

BTS

Sells portion of VGI stake — BTS made profit of more than Bt2.1bn from the sales of VGI shares. It sold nine big lots with a total of 220mn shares at Bt12.30/share. Profits will be booked in 3Q13 (Oct-Dec 13). Mr. Keeree KAnjanapas said that the sale of VGI shares will help with free float. (Khao Hoon, 20/11/13)

Comment: Help free float my a$$, its called taking profit Continue reading Stocks in the news (advanc, bmcl, bts, demco, mcot, mega, ticon, wha) 20.11.13