UTCC Estimates 36% Tax Rate Will Drag Down Thai Economy to Less Than 1% Growth
Bangkok: The University of the Thai Chamber of Commerce (UTCC) assesses that a 36% tax rate will drag down Thailand’s economy to less than 1%, and many Thais may be unemployed. It recommends that the government introduce additional economic stimulus measures and provide assistance to entrepreneurs. It views the US extending the deadline for submitting new proposals as beneficial to