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Tax restructure puts emphasis on four goals
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published : 27 May 2021 at 06:11
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The draft plan of the tax restructure for 2022-2026 will focus on four goals, according to a senior official at the Fiscal Policy Office (FPO).
Pisit Puapan, executive director of the FPO s Macroeconomic Policy Bureau, said the first goal is to enhance the country s competitiveness and ensure sustainable economic growth.
He said the Thai tax system must also promote the digital economy by deploying technologies to upgrade the country s tax management system.
The third goal is to promote a green economy by encouraging people to reduce the use of products that could harm the environment.
Growth seen at 2% if vaccine target reached
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published : 25 May 2021 at 04:33
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The economy is expected to achieve 2% growth this year, if the government meets the target of 100 million doses within this year, said Don Nakornthab, Bank of Thailand s senior director for the Financial Stability Department.
The economy is likely to expand by only 1% if the government fails to meet the target, he said yesterday at an online seminar hosted by the Eastern Economic Corridor Office.
He added that the successful vaccination and herd immunity will also have an impact on economic growth next year.
He said the amount of money the government has injected to revive the economy via its fiscal and monetary measures following the Covid-19 pandemic account for as much as 20% of GDP.