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Thailand: Deputy Finance Minister studying excise tax cuts to help automobile industry.
Section: General News - The Deputy Minister of Finance has called for the Excise Department to study possible excise cuts on several products, including automobiles, aimed at assisting Thai businesses.
Deputy Finance Minister Dr Pruttichai Damrongrat stated today that if excise taxes for automobiles and a variety of other products continued at their current rate, their prices would exceed imported goods once the ASEAN Free Trade Agreement came into effect. Automobile import taxes are …
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