The Stock Exchange of Thailand is again pushing the military regime for tax waivers for mergers and acquisitions. The tax is seen as a major obstacle for Thai corporates to expand via M&A.
Sathit: Lower taxes needed to compete
The SET asked the Finance Ministry to revise the M&A tax structure as Thailand levies double taxation on many items and has a complicated process of levying tax. The SET and the Federation of Thai Capital Market Organizations (Fetco), which is a SET member, will jointly propose the matter to the National Council Peace and Order (NCPO) for consideration.
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