Amended land tax bill attacked
The new land and buildings tax will fail to narrow the wealth gap between the haves and have-nots, according to a prominent economist. Nipon Poapongsakorn, distinguished scholar at the Thailand Development Research Institute, said on March 22 that the new tax bill approved by the Cabinet failed to address either income disparity or low revenue of local administrations. The bill exempts too many land and property owners, as the tax will be imposed only on land and homes worth more than Bt50 million, he said. He suggested that tax exemption should be limited to only Bt10 million.
