Published by
The Bangkok Post
The Bangkok Post
SET opposes share sales tax proposal Move would damage the bourse’s competitiveness globally The Finance Ministry’s plan to impose a tax on share sales will decrease the Thai bourse’s competitiveness because it subjects investors to higher costs, says Pakorn Peetathawatchai, president of the Stock Exchange of Thailand (SET). The Finance Ministry announced on Wednesday it plans to impose a 0.1% tax on securities trades by entities whose monthly trading volume exceeds 1 million baht next year. The market reacted negatively on Friday to the news, declining 3.59 points or -0.22% to close at 1,641….