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Thailand Expects Tax Cuts to Be Offset by Economic Growth.

Bangkok Post (Bangkok, Thailand)

| December 06, 2002 | COPYRIGHT 2002 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

Byline: Nuntawun Polkuamdee

Dec. 6--The fiscal cost of new personal income tax cuts and real estate stimulus measures announced earlier this week are expected to be more than compensated by added economic growth, according to Supavud Saicheua, an executive vice-president of Merrill Lynch Phatra Securities.

On Tuesday, the cabinet approved increasing tax exemptions to the first 80,000 baht in net income, up from 50,000 baht previously, a one-year extension on real estate taxes and a new policy to waive capital gains taxes on home sales if the funds are used to purchase a new home.

Dr Supavud said the measures were expected to cost the government ...

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