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Article: Thailand Finance Minister Sees Inheritance Taxes Yielding Little Revenue.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 6, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Wichit Chantanusornsiri, Bangkok Post, Thailand Knight Ridder/Tribune Business News
Nov. 6--An inheritance tax would generate relatively little revenue for the state, given loopholes in the system, according to Finance Minister Suchart Jaovisidha.
He said a more straightforward method of lifting revenues would be to raise tax rates in high income brackets.
Thailand currently has a top rate of 37 percent, taxed on personal income of more than four million baht per year.
Prime Minister Thaksin Shinawatra earlier directed the Finance Ministry to consider details of an inheritance tax.
But Mr Suchart said a relatively ...
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