Showing 1 - 10 of 13
A lever to capture corporate tax scofflaws
Business, Wichit Chantanusornsiri, Published on 23/05/2024
» Global tax reform efforts, led by the Organisation for Economic Co-operation and Development (OECD), have been building momentum since 2021, reaching agreement on one of the two pillars of tax reform: the establishment of a global minimum tax.
Draft law aims to curtail profit shifting
Business, Wichit Chantanusornsiri, Published on 20/05/2024
» The Revenue Department expects draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax base to be implemented in 2025, which estimates suggest will boost tax revenue by 12 billion baht per year.
Bid to close profit shifting loophole
Business, Wichit Chantanusornsiri, Published on 23/04/2024
» The Revenue Department is drafting legislation to collect taxes from multinational enterprises (MNEs) to prevent profit shifting to subsidiaries in countries with lower tax bases.
Govt mulls options for 10k handout
News, Wichit Chantanusornsiri, Published on 28/03/2024
» The government is considering funding options for its digital wallet handout scheme as details of the funding source are expected to be finalised next month.
Anti-graft body eyes digital handout plan
Wichit Chantanusornsiri, Published on 12/10/2023
» The government has reiterated its assurances that its 10,000-baht digital wallet handout will follow all relevant laws, adding that scrutiny of the programme is always welcome.
Bureau expects budget in 8 months
Business, Wichit Chantanusornsiri, Published on 30/08/2023
» The Budget Bureau expects the 2024 Budget Expenditure Act to be delayed by up to eight months, according to a bureau source who requested anonymity.
Disgraced officer 'seized 400 cars'
News, Wichit Chantanusornsiri, Published on 27/08/2021
» The Customs Department yesterday said Pol Col Thitisan Utthanaphon, the police officer accused of torturing and killing a drug suspect in custody, was eligible to be rewarded for seizing almost 400 illegal cars over the course of six years.
Ministries to extend, rejig travel campaign
Business, Wichit Chantanusornsiri, Published on 28/09/2020
» The Finance and Tourism and Sports ministries are preparing to extend and adjust conditions of the We Travel Together tourism campaign until year-end to encourage domestic travel in the final quarter.
Political instability adds to viral woes
News, Wichit Chantanusornsiri, Published on 05/03/2020
» The economy weakened last year thanks to the Sino-US trade war. This year, its health could worsen further due to two emerging factors. One is the Covid-19 outbreak which has hit the country's tourism industry hard. Another is potential political turmoil signalled by a series of "flash mobs" of students which gathered after the Constitutional Court's ruling to dissolve the Future Forward Party (FFP). If the rallies continue unabated, this year's growth could be worse than analysts predict.
Good governance sorely lacking at state-run banks
News, Wichit Chantanusornsiri, Published on 25/07/2019
» During parliamentary debates on the Prayut Chan-o-cha government's policy statement, scheduled for tomorrow and Friday, the state-run Krung Thai Bank's (KTB) 9.9-billion-baht loan scandal will likely be taken up by the opposition targeting one cabinet member, Finance Minister and Palang Pracharath Party (PPRP) leader Uttama Savanayana. When the loan was approved in 2003, Mr Uttama was an executive board member of the bank.