Thai government won’t use tax measures to curb strong baht | Bangkok Post: business

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Govt won’t use tax to curb strong baht

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The government has no plan to use measures to control foreign direct investment (FDI) inflow and outflow to curb the persistent baht appreciation, Finance Minister Kittiratt Na-Ranong said on Wednesday. 

Mr Kittiratt spoke to reporters after meeting with a committee formed to help small and medium enterprises (SMEs) affected by the 300-baht daily miniumum wage.

He said Prime Minister Yingluck Shinawatra and all panel members were concerned about the strengthening baht, which is hurting the export sector, and wanted to see a stable currency.

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