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Thailand May Impose Stock-Trading Tax to Lift Government Revenue

Thailand’s Ministry of Finance is considering imposing a tax on stock trading to boost government revenue after the novel coronavirus pandemic and economic slowdown slashed its receipts.

The levy may be 0.1% of each stock trade, Pakorn Peetathawatchai, president of the Stock Exchange of Thailand, told a press briefing on Friday. He spoke after Krungthep Turakij newspaper reported that the ministry planned the tax after waiving such a levy for more than 30 years.