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Stock Exchange of Thailand Says Tax Breaks Not Key for Listings.

Bangkok Post (Bangkok, Thailand)

| May 08, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

May 8--The Stock Exchange of Thailand says it will not ask the Finance Ministry to extend a reduction of corporate income taxes for companies undertaking new listings on the stock market.

"We don't think the tax incentives are the most important factor to encourage companies to seek listings on the bourse. The market atmosphere and sentiment are more vital," SET president Kittiratt Na Ranong said yesterday.

Under incentives offered since 2001, companies listing on the SET pay a corporate tax rate of 25 percent, down from the regular rate of 30 percent, for five years. New firms on the Market for Alternative Investment (MAI) pay 20 percent for five years ...

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