Bangkok Post : Korn wants new land tax implemented

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Korn wants new land tax implemented

  • Published: 10/05/2009 at 10:43 AM
  • Online news:

Finance Minister Korn Chatikavanij vows to push for a new land and property tax bill to create a more equitable society in the country.

Mr Korn said he had promised the public since he took office that he would pay more attention on reducing the gap of social inequality than increasing the government's revenue.

The new land and property tax bill would benefit farmers whose agricultural land values were small, he said

The minister said many senators and MPs together with some opposition members also supported the idea of imposing progressive tax rates on unused plots.

This would stimulate development of unused land, he said.

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