Thailand needs better tax regulations, enforcement to fight shadow economy

Published: Feb. 20, 2019, 9:41 a.m.

b'Thailand has been using tax policies to promote growth and encourage foreign investment. Some of those measures have succeeded but more attention needs to be paid to the revenue-raising side of the tax regime.\\n\\nGlobalization has disrupted the way countries think about their tax regimes. In the past, the issue of double taxation was at the forefront, whether companies would have to pay tax in both their home country and in other countries where they had a presence. Today, the issue is whether they will be taxed at all. \\n\\nRead the transcript\\nhttps://bit.ly/2BDVvoz\\n\\nRead the report\\nhttps://www.adb.org/publications/tax-and-development-challenges-in-asia-pacific\\n\\nRead the chapter\\nhttps://bit.ly/2J0RJb7\\n\\nAbout the author\\nPatricia Mongkhonvanit is deputy director-general of the Revenue Department of Thailand.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2DswkGU\\nhttps://bit.ly/2FKtYVW'