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OPINION

Somkid's economic package avoids reckless populism

News, Wichit Chantanusornsiri, Published on 24/09/2015

» If Prime Minister Prayut Chan-o-cha worries that people may mistake his 136-billion-baht economic stimulus package for populist measures such as those implemented by the previous administration, he need not do so.

OPINION

Government must tread carefully with cash-injection scheme

News, Wichit Chantanusornsiri, Published on 03/09/2015

» By launching the emergency economic stimulus package which targets low-income people both in the city and upcountry, the government has sent out a clear message: "There is no need to worry about economic stagnation".

OPINION

Savings fund offers safety net for retirees, the state alike

News, Wichit Chantanusornsiri, Published on 13/08/2015

» As we strive to defuse a political timebomb through the roadmap, the country is about to face a potential social timebomb: the emergence of an ageing society as a result of demographic change.

OPINION

Transparency key in reshaping state enterprises

News, Wichit Chantanusornsiri, Published on 23/07/2015

» Few, if any, would question a government plan to reform state enterprises, or improve their performance.

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OPINION

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.

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OPINION

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.

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OPINION

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.

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OPINION

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.

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OPINION

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.

OPINION

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.