New stock-trading tax a big gamble for COVID-depleted Thailand

13 Sept 17:23 Key points summarised by AI

Thailand's government proposes a new 0.11% tax on individual stock traders with monthly transactions exceeding Bt1 million to address rising public debt and fiscal deficits, exacerbated by COVID-19.
The financial sector and experts strongly oppose the tax, warning it could harm the stock market, make it less attractive, and be easily avoided by investors.
Critics suggest implementing a capital gains tax as a more effective alternative and highlight existing unfair disparities in tax rates between equity and debt markets.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.