Article: Paiboon: Asset and inheritance taxes could help close wealth gap.

Byline: Wichit Chantanusornsiri

May 26--New taxes on assets and inheritances should be incorporated in the Finance Ministry's long-term development plans to help reduce the wealth gap, said Paiboon Wattanasiritham, a deputy prime minister and the social development and human security minister.

Dr Paiboon said that while it was uncertain whether an asset tax would reduce the gap between rich and poor, it would help to ease social tensions.

An inheritance tax would have the same effect.

"A tax might not result in a significant increase in state revenue, but there would be a psychological impact. We could see greater distribution of ...

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