Showing 1 - 10 of 11
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.
Foreign firms in Hong Kong review operations after national security legislation
Published on 26/03/2024
» HONG KONG: Foreign companies in Hong Kong have been reviewing their operations since last year ahead of the now-passed domestic national security legislation, but they had already made major changes after the Beijing-imposed version came into force in 2020, corporate lawyers and consultants have said.
OR budget hotels in the pipeline
Business, Yuthana Praiwan, Published on 12/12/2023
» PTT Oil and Retail Business Plc (OR) has dusted off its plan to build budget hotels inside its petrol stations, adding community malls for tourists as the company focuses on non-oil businesses, says president and chief executive Disathat Panyarachun.
Populist policies face scrutiny
Business, Post Reporters, Published on 20/11/2023
» Among the economic policies proposed by the Srettha Thavisin government, the most hotly disputed item is the 10,000-baht digital wallet handout, which has drawn much criticism regarding its possible impact on public debt.
Two stimulus schemes could face hurdles
Business, Nareerat Wiriyapong, Published on 15/11/2023
» Legal and funding challenges could derail or significantly scale down implementation of the costly digital wallet and e-refund schemes the government plans to roll out next year, blunting GDP growth estimates for 2024, according to analysts.
NBTC preps rights for satellite slots
Business, Komsan Tortermvasana, Published on 23/10/2023
» The National Broadcasting and Telecommunications Commission (NBTC) targets allocating the rights to use unsold satellite orbit slots by March 2024, three months later than originally planned.
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.
Business calls for action stations
Business, Post Reporters, Published on 28/08/2023
» Led by newly appointed Prime Minister Srettha Thavisin from the Pheu Thai Party, the government has set a record for the longest time taken to form a cabinet following an election, breaking the previous record of 108 days set by the Prayut Chan-o-cha administration in 2019, as the new government awaits official endorsement.