Transcript of the above video: 

As the title of this video suggests, we are discussing why Thailand and Thais in general, shouldn't give a fig for what the OECD, so-called Organization of Economic Cooperation and Development which is basically just a supranational organization which extracts wealth from its so-called members, surreptitiously through "aligning" their legal systems in an extraterritorial way to quote President Trump's Executive Order on this matter. And quite frankly, I find them appalling; I think they are terrible. I think this organization should have nothing to do with Thailand, but Thailand is still kind of looking this thing over apparently. 

I thought of making this video after reading a recent article from the Bangkok Post, bangkokpost.com, the article is titled: Call for more tariffs alongside higher VAT. Yeah because there's a real call, there's a hue and cry out there for higher taxes. Will you please stop, Bangkok Post, this is nonsense. Quoting directly: "Most entrepreneurs want the Government to raise tariffs on products imported to Thailand..." – Well yeah, every producer wants tariffs raised on products imported into a country - "..if it continues with its tax reform plan, according to the latest poll conducted by the Federation of Thai Industries (FTI). The poll follows tax reform ideas unveiled by Finance Minister Pichai Chunhavajira.." - Does that include some of those ideas like creating a Digital Currency under which we'd all be trapped in a totalitarian financial grid under which we'd all have our transactions tracked and traced and we wouldn't be able to use our money wherever we wanted to go, only within certain parameters and only be able to use said "money" to buy certain things? Was that one of his ideas? Because it was a great one! And if you can't pick up the sarcasm here, I don't know what to tell you. That said, quoting further: "..late last year as he proposed ways to increase state revenue." Well why would you want to do that? Could it be because the Government shut down our economy for 3 years because a bunch of heavy-handed policy, much like I'm sure what you would love to come up with in terms of increasing our VAT which is the worst kind of tax, Value Added Tax, because it's taxing the creation of value which is the thing you want in an economy. You don't want to discourage that. That said, quoting further: "..support national development, enhance competitiveness and reduce domestic disparities." How does increasing taxes across the board decrease disparities? It doesn't. It's just an increase on everybody. Rich people can afford it better and poor people can afford it least. Poor people will be hit the worst by an increase in the VAT and that's a fact. Quoting further: "The proposed reforms include increasing the Value Added Tax rate.." - yeah what a brilliant idea! - "..which has remained at 7% since 1992.." - and I love like the implications "oh it's only been this since 1992". It's a tax. They have been extracting wealth from the general population since 1992. And by the way, why did they roll that out? To get rid of the Tax Clearance Certificates which they are trying now to effectively roll out de facto through the Destination Thailand Visa protocol or the Destination Thailand protocol system is probably a better way to put it, because it's sort of has a Tax and Immigration component to it. Yeah, and then on top of that, they were trying to do that to everyone, basically utilizing a bunch of interpretive dance nonsense of the Revenue Code that pertained to physical generated Tax Clearance Certificates and now they're saying, oh no we can just do all this new stuff. Yeah, as immigration has sort of thwarted it through the roll out of the new TM6 system this isn't going to happen, but DTV is coming down the pike and it's looking a lot like that with regard to tax in terms of dealing with this Tax Clearance Certificate stuff, and again VAT was rolled out to get rid of that. So now they are talking about doing Tax Clearance Certificates and VAT and they're talking about raising the VAT. It's just a bunch of scams, by a bunch of politicians to suck money out of everybody, that's all it is. Quoting further: "..to 15%." So they want to more than double the VAT okay? 

I can't say with enough vehemence or adamance here that Thailand should not do this, period, end of discussion. Thailand should not get anywhere near this. This will destroy our economy. We're going to impose a bunch of Tax Certificates on the very tourists who act as a life blood for half the people in the economy and then on top of that, we're going to tack on a VAT increase to tax the lifeblood of the other half of our economy, all at the behest of a bunch of aristocratic European banking families from the World Economic Forum who all want to tell us what to do and effectively colonize this country. And I have got to be honest with you, I mean the politicians, especially those in the so-called core coalition who are going along with these outsiders trying to basically suck this country dry, I find that just absolutely, completely deplorable. Quoting further: "..while reducing the corporate income tax rate to remain globally competitive and aligning with the guidelines of the Organization for Economic Cooperation and Development (OECD)." So let's go back to that. So on top of that, they're going to reduce the Corporate Income Tax. So for all of the rank and file plebs and peasants of Thailand, all of us people that just live our lives, we are going to see our tax rate effectively increase by double, but the Corporate Tax rates are going to down, in order to "align" with the OECD who has no business telling Thailand how to set its tax policy in the first place. 

Quoting further: "The OECD recommends a 15% Corporate Income Tax rate for all businesses." Yeah, this was this mushroom-induced pipe dream, not to mix metaphors, come up with apparently under the influence when Ms. Yellen was visiting Xi Jinping or somewhere else along the line, where she came up with this notion that by dint of being born or by existing, all of these countries have to adhere to this Global Minimum Tax. If anything, in the American context there has been a complete repudiation of this as evidenced most recently by Mr. Trump entirely throwing out the OECD. This is nonsense. Thailand shouldn't go anywhere near it; I can't believe they're still trying to push this nonsense on this country. It's horrible. That said, quoting further: "Thailand's current Corporate Income Tax rate is 20%." So again, they are going to lower the income tax for corporations, and they are looking to double the VAT. On top of that, they are trying to roll out effectively Tax Clearance Certificates as well. My question is especially to the core coalition party, are you trying to kill the Golden Goose? Because it looks to me like with one hand you are trying to cut its head off and with the other hand you're trying to strangle it, because that's what's going on here. You're going to drive away all the investors because they don't want to come to some place where they have got to disclose their grandmother's maiden name to do any banking, and then they have got to be tracked and traced all around for every millisecond that they spend in Thailand so that they don't end up sucked under a tax scheme they don't really want to be under, so they have got to tiptoe around that. Then on top of it, we're going to raise the taxes on the locals here in Thailand, especially on the people who can afford it least, while lowering the taxes on International, multinational corporations so as to be in line with a World Economic Forum policy that was also espoused by a Treasury Secretary who has now gone and we now have a new Administration in the United States which has said affirmatively they don't want to pursue this. So why are we doing it here in Thailand? Where is the benefit to Thailand for this, in any way, shape or form?