Cross-shareholding Rules and Dividend Tax Exemptions Clarified
19 Apr 2017 at 04:00 NEWSPAPER SECTION: BUSINESS Cross-shareholding Rules and Dividend Tax Exemptions Clarified Most people are aware that there are two major types of double taxation for income tax purposes. The first is juridical double taxation, in which one taxpayer is taxed twice on the same amount of income by two different jurisdictions. …
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Tax Deductibility of Penalties and Surcharges
4 Apr 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Tax Deductibility of Penalties and Surcharges What would you do if one day a government body issued a ruling that set aside a guideline you were required to comply with, and another day it issued another ruling requiring you to do a different thing, potentially exposing you …
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The Miracle of Taxation
Published: 21 Mar 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS The Miracle of Taxation Two hundred and forty years ago, the renowned economist Adam Smith set out four canons of taxation in The Wealth of Nations. A decent tax system, he wrote, should follow the standards of justice, certainty, convenience and economy.
Turning Entrepreneurs into Corporate Entities
7 Mar 2017 at 04:00 / Newspaper section:Business Turning Entrepreneurs into Corporate Entities
Tougher measures against tax dodgers
Published: 21 Feb 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Tougher measures against tax dodgers The world is entering a new era in which national tax authorities are joining hands to set up a system to hound those who dodge paying their fair share of tax by applying unacceptable tax-planning schemes.
New measures to improve well-being and business opportunities
7 Feb 2017 at 04:00 / Newspaper section:Business New measures to improve well-being and business opportunities This year has started with some legislation aimed at improving tax treatment and allowances to enhance the well-being of people in general, and to add to Thailand's charm as a target for business investors.
Using the tax system to reduce inequality is a work in progress
24 Jan 2017 at 04:00 Newspaper section: Business Using the tax system to reduce inequality is a work in progress The seriousness of economic inequality was portrayed dramatically by Oxfam International last week, when it reported that the eight richest people in the world own as much wealth as the 3.6 billion who make up …
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Missed a tax refund deadline? Don’t lose hope
Published:10 Jan 2017 at 04:00 /Newspaper section:Business Missed a tax refund deadline? Dont lose hope Every provision in every piece of legislation has its own reason for being, and any act that contradicts the spirit of the law, even if carried out by a government body, is generally disallowed if it deprives a person …
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Realisation of Expenses under the ‘Canon of Certainty’
27 Dec 2016 at 04:00 NEWSPAPER SECTION: BUSINESS| WRITER: LAWALLIANCE LIMITED COMPANY Realisation of Expenses under the 'Canon of Certainty' More than two centuries ago, Adam Smith set out the rule that equity, certainty, convenience and economy are the top four canons for a good tax system. But since government authorities tend to care …
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The Tax Cost Base Rules for Share Trades
13 Dec 2016 at 04:00 / NEWSPAPER SECTION: BUSINESS The Tax Cost Base Rules for Share Trades Trading shares is a common activity today because various authorities — including the Revenue Department, the Stock Exchange of Thailand and the Securities and Exchange Commission — have established clear guidelines for almost every aspect of the process. This …