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Thailand's Revenue Far Outstrips Rise in GDP.
Byline: Wichit Chantanusornsiri
Jun. 3--Tax collections have outpaced by more than double the growth rate of the economy, a first for Thailand, according to Suparut Kawatkul, director-general of the Revenue Department.
Revenues for the first seven months of fiscal 2003 from October to April came in at 295.6 billion baht, or 12.8 percent higher year-on-year and more than double the estimated 5 percent growth of the economy.
Mr Suparut said that historically, tax receipts generally mirrored or slightly exceeded economic growth.
He said the strong tax performance reflected robust economic growth, with higher domestic consumption leading to ...
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- Bangkok Post, Thailand, Insider Column.
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Bangkok Post, Thailand Knight Ridder/Tribune Business...s consternation when she opened her Bangkok Post three days later and read what one of...bangkokpost.net To see more of the Bangkok Post, or to subscribe to the newspaper...
- Bangkok Post, Thailand, Kriengsak Niratpattanasai column.
- Newspaper article from: Knight Ridder/Tribune Business News November 29, 2004 700+ words
By Kriengsak Niratpattanasai, Bangkok Post, Thailand Knight Ridder/Tribune Business...I read English newspapers like the Bangkok Post and The Nation online, and every Monday...coachkriengsak@yahoo.com. To see more of the Bangkok Post, or to subscribe to the newspaper...
Source: HighBeam Research, Thailand's Revenue Far Outstrips Rise in GDP.