Thailand Unveils Measures to Shield Firms From Trade War Fallout

Thailand will offer bigger tax incentives to small and medium businesses at risk of being squeezed by US tariff threats, as the Southeast Asian nation unveiled a raft of measures to minimize the blow to its economy from the trade war.

Small and medium enterprises backed by Thailand’s Board of Investment will now be eligible for a corporate income tax waiver equal to as much as 100% of their investment in capability enhancement for a five-year period. That’s up from a three-year exemption capped at 50% of investment previously, the board said in a statement Monday.