Showing 71 - 80 of 116
VAT refund scam reveals loopholes in tax law
News, Wichit Chantanusornsiri, Published on 02/07/2015
» Despite making progress in its probe into a value-added tax refund scam which caused the loss of 4.3 billion baht in state income in 2012-2013, the Revenue Department has still not been able to get back a single baht from the perpetrators.
Citizens shoulder burden of vast state debt
News, Wichit Chantanusornsiri, Published on 11/06/2015
» Bad policies formulated by previous governments including the previous government's rice scheme have left the country in financial trouble, owing some 720 billion baht.
Sommai says Finance Ministry is plugging loopholes
News, Wichit Chantanusornsiri, Published on 21/05/2015
» The harsh punishment imposed on a senior tax officer involved in a value-added tax refund scam indicates how determined Finance Minister Sommai Phasee is in his push for the country’s tax reform to close a loophole that has caused tremendous loss of income to the country.
Indirect corruption robs quality of life
Oped, Wichit Chantanusornsiri, Published on 30/04/2015
» If the Thai economy can be likened to an aeroplane, it is flying with some engines in trouble.
Land, buildings tax delay jeopardises fiscal health
News, Wichit Chantanusornsiri, Published on 09/04/2015
» Public uproar forced the Prayut Chan-o-cha government to put its controversial land and buildings tax on hold. But without new sources of tax revenue, the country's fiscal health is facing serious risks.
A pressing area for reform is a taxing one
News, Wichit Chantanusornsiri, Published on 26/06/2014
» Will we finally see a reckoning over what is right and wrong? The National Council for Peace and Order wants us to believe so. Among the flurry of recent orders and policy reviews was a directive to the Finance Ministry to submit a comprehensive plan for tax reform by next month.
The ‘patient’ isn’t terminal but needs strong medicine
News, Wichit Chantanusornsiri, Published on 05/06/2014
» Before the coup on May 22, Thailand could be compared to a person suffering from painful indigestion, bloated with gas from months of internal conflict between parties intellectually and emotionally divided. It seemed only a matter of time before something gave way.
While our economists learn, our politicians fail us
News, Wichit Chantanusornsiri, Published on 15/05/2014
» There are fears the political chaos will sink the Thai economy. As political tensions have dragged on for over six months, people are starting to feel the country is trapped in a deadlock.
Evading taxes shortchanges the nation's potential
News, Wichit Chantanusornsiri, Published on 24/04/2014
» Boosting the tax base has been on the horizon of policymakers for years. After all, only 10 million people file tax returns out of a population of 67 million. Simple maths suggests that whether out of ignorance or intention, there are plenty who simply are not meeting their civic duties.
Politicians lack long-term vision, so we all suffer
News, Wichit Chantanusornsiri, Published on 03/04/2014
» Like most issues in Thailand today, the truth probably lies somewhere in the middle.