NCPO treads carefully on taxes | Bangkok Post: business

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NCPO treads carefully on taxes

Analysis: Regime recognises the need for reform but wants to maintain its acceptance

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The direction of the country’s tax reform plan remains inconclusive, as any changes to it are likely to affect the popularity of the National Council for Peace and Order (NCPO), either positively or negatively. 

The entrance to a building in the Finance Ministry compound on Rama VI Road. Tax reform is being carefully studied by the military regime. PATTARAPONG CHATPATTARASILL

Tax reform has been at the top of the NCPO’s agenda ever since the May 22 takeover. Early last month the junta ordered the Finance Ministry to formulate a tax reform plan within a month. But the regime has not yet decided which direction it was likely to take — Thais have long been influenced by populist policies, so any adjustments will almost certainly affect their acceptance of the junta.

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