Thailand Takes Major Step Towards Introducing Wealth Tax with Advanced Asset Tracking System
2025-01-18
Malay Mail
Thailand is moving closer to implementing a wealth tax, according to Finance Permanent Secretary Lavaron Sangsnit. Recent developments have enabled the government to track assets more efficiently, paving the way for a more equitable tax system. With the new asset tracking capabilities, authorities can now monitor wealth distribution and closing tax loopholes, which is a significant step towards reducing economic inequality. The introduction of a wealth tax is expected to boost Thailand's economy and promote financial transparency, making it an attractive destination for foreign investors and promoting sustainable economic growth.