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ResourcesCorporate and Tax AdvisoryThailand Tax Law"Six New Tax Measures" in Thailand?

"Six New Tax Measures" in Thailand?

Transcript of the above video: 

As the title of this video suggests, we are discussing 'six new tax measures in Thailand'. Frankly, I don't know what to say, but it's like this Parliament has just been one, it's not that it's doing the opposite of what anybody wanted, it's like nobody wanted things that they just come up with things, like six new tax measures. I'm pretty sure in the election in '23 nobody was voting in six new tax measures; and by the way, I don't remember that being on anyone's platform at the time. And meanwhile, as we will get to, a lot of this looks like it's a lot of for lack of a better term, foreign globalist undue influence in Thailand or driven by that. That said, let's jump in.

I thought of making this video after reading a recent article from the Bangkok Post, bangkokpost.com, the article is titled: Tax policy to address environment, health issues. Now what really does tax policy have to do with environment or health issues? We really need to step back, just across the world, not just Thailand or America, but across the world and step back and say, 'since when did we say that our tax collectors were also some sort of environmental philanthropists?' or that they are running around trying to help with public health. If anything, from COVID we learned that they are doing the exact opposite. The other thing that we learned, all these new tax measures we have seen come out is because the bureaucracies of the world, not just Thailand and the US, but elsewhere, have been running around like their hair is on fire because they don't have any revenues, or their revenues are dramatically diminished from five years ago. Why? Oh, what could possibly have done that? I don't know; shutting us all down for 3 years due to "health policy" which was based on a bunch of nonsense from what I can ascertain at this point in retrospect. So it's really just, what does tax and environmental policy have to do with one another? Tax should be for "hey we need a road, hey we need to put on this initiative, we need an army," whatever. We levy some taxes to pay for that. This notion that somehow by paying taxes the sky will be bluer or something is really, really nonsensical. That said, quoting directly: "The Excise Department is preparing six new tax measures focusing on Environmental Protection and Public Health." - did anybody ask for that? Was anybody looking for that, or was anybody voting for that? Quoting further: "The measures are designed to align with future international trade rules." -  whose rules? are they rules imposed on Thailand from the outside? Because it sounds an awful lot like, I don't know, colonialism or communist internationalism or this supranationalist nonsense coming from the World Economic Forum and THE OECD. Thailand can make her own rules regarding taxes. Why are taxes being imposed from outside of Thailand? Quoting further: "In which environmental issues and public health will play a bigger role according to Pornchai Thiraveja, the Department's Director General." Who says environmental issues and public health, and in what way in a tax context other than it's simply a pretext to hit us up for more money? Quoting further: "The first expands the tax base on goods that negatively affect the environment and prepares measures to cope with the Carbon Border Adjustment Mechanism, the landmark carbon import tariff in the European Union." Is Thailand in the European Union? When did we join that? Who cares what they're doing with their landmark whatever? And meanwhile, "negatively impact and negatively affect the environment". What? What does that even mean, literally? What does that even mean? Anything could be deemed to negatively impact the environment. Quoting further: "It would also align with a plan for carbon taxes and an emissions trading system under Thailand's first formal climate change legislation, a draft of which was approved by the Cabinet this week." But not passed.

We've had a lot of this nonsense talk about Casinos and Digital Wallets and every other thing and, well Digital Wallet, to some extent that came through although it didn't end up being what they said it was going to be, and it's my understanding there's still an ongoing court case where there's a "nuclear option" associated with it that may ultimately result in a bunch of politicians basically being banned from politics, although not sure quite but the final posture on that case was. But that being said, again this so-called climate change legislation hasn't been passed. I recently did a video on this. Even Bill Gates himself has recanted on this climate change nonsense narrative.

Thailand, I cannot stress this enough. We are going down a terrible road here. This is a place that ends in a cul-de-sac of nothing but economic depression, death and despair, okay? if you want a primer for what this looks like, the end of the road is basically what the Soviets looked like in 1990. Just a moribund system where nothing worked, everybody was paying taxes or all kinds of other whatever fees, in favour of some sort of pie in the sky notions of a better world, or whatever. This isn't based on any reality. It's a scam. It's just as much a scam as basically the Digital Wallet was and it's coming in from undue foreign influence. Thailand doesn't deserve this; it's not good for the country; I don't see what it gets, what is Thailand getting out of all these taxes? Quoting further: "The second measure broadens the tax base for luxury goods and services" - that's another big con. “Luxury taxes”. Talk to the Australians about "luxury taxes".  They brought in a luxury tax years ago and it was supposed to be, they had like a slogan down there for it, I can't remember what it was, but it was like “furs,” something like this, it was like, "furs, fine wine and something else," and it was like "oh those rich people!" And then it turned out it was like just a tax on everything, or on any product that had any kind of value add in creating it or something. "Luxury goods and services!" - "while the third provides tax incentives for environmentally friendly products" - again, they can deem what product hurts the environment and then they can deem it's environmentally friendly." How do you make that determination? And why do the tax collectors get to decide on environmental issues? What do they have to do with anything? They are bean counters. They know how to count the money that comes in. - Quoting further: "such as sustainable aviation fuel and bio-based fuels."  Again, why is this being tied to tax policy? If we were just talking about business development and they said hey, we're working on sustainable Aviation fuel and bio-based products."  Great, but why do more taxes need to be levied on me or the country because of the environment? Again, it's the same nonsense logic we dealt with in COVID. You have to do XYZ, because disease exists; you have to be taxed because the environment. And then when you sort of drill down, you say "well what do you mean?" It's really a bunch of nothing; it's just hot air. I urge those who are watching this video, read this article: Tax policy to address environment, health issuesbangkokpost.com. When you read it, it's like okay, we see you use the word "health issues" but what are you even talking about? We see you use the word "environment", what does this mean? It sounds like it just means more taxes, and this is just the smoke screen for them to try to implement it. That's what it sounds like to me. 

Quoting further: "The fourth introduces a salt tax to reduce health problems caused by excessive sodium consumption." What? What? Okay, first of all let's look at our history a little bit. Wasn't one of Gandhi's big like moments in the history of India when they tried to impose salt tax and he like walked to the sea to get their own salt. Taxing salt is, I think Gandhi himself said it's like it's taxing the lowest echelons of the socioeconomic strata. The one thing that gives people's food a little flavour is salt. And by the way the science is not settled on "is sodium bad, good, or indifferent?"  Depending on the year, in the 43 years I've been around, mainstream news will say, salt is horrible or you really need it, or blah, blah, blah. It looks to me like at the end of the day, humans need some salt. And I'm not really interested in the Government coming along and saying, "hey we're going to tax it because we think it might be, it's probably bad for you, and therefore we get to tax it." Again, let's not forget the Gandhi situation. The people get pretty upset when you start trying to tax something as basic as salt. And by the way, salt is so basic that we have terms in our vernacular like, "he isn't worth his salt", or even the word "salary" - s-a-l – sal, it comes from Roman, comes from old Latin. And literally Roman, I believe conscripts and legionnaires were actually paid in salt, okay? This is like a critical component of any ecosystem if you will. Forget economy, just ecosystem and here they are coming along, "oh we want to tax that" What? Why? To get what out of? To get more money? To do what?  Shut us down again for three years, apropos of nothing at the behest of a Communist at the head of the World Health Organization? Why do you need money for salt taxes? Quoting further: "While the fifth restructures the battery tax to reduce environmental impacts and support technological changes, based on charging cycles and energy density." I don't know. Maybe there is some merit to that one because people have more like rechargeable cars or something, but I'm sure when you drill down into it, again it's just another tax increase and then sort of all shrouded, "oh we're helping you." No you are not, you are extracting wealth from us. Quoting further: "The sixth measure restructures cigarette excise tax into a uniform tax system."  That might actually be an overall good thing if you have sort of a streamlined tax system. That being said, I’m not as knowledgeable in the intricacies of Thai cigarette tax to be able to comment too directly on that. 

But I have got to be honest with you, just after reading this article it's like, who wanted this? I don't. I don't know that anybody voting in the 2023 election was sitting there saying, "do you know what I'd really like to see? I would like to see them tax the salt on my table!" Yeah, that's great.

I don't know what is going on at this point. The government only seems to ever get together to come up with more reasons to tell us what to do or to take money from us. And then meanwhile they tell us, these different parties come along and things to tell us they're better than the other one. Really? I mean I do have to say compared to whatever, 6, 8, 10 weeks ago now where they were meeting openly with the World Economic Forum of in the Purple Room here, I guess we're a little better than that. But I mean come on, this is just again this carbon emissions tax, Thailand doesn't need any of this. This is all going to turn into an albatross; it's going to hang around Thailand's economy like an albatross around the neck, and the rhyme in the Ancient Mariner, it is going to drag us all down with it. None of this is good policy. We need to get on with innovating, creating new economic opportunities, adding value. Yeah, taxes are a thing and we're going to need to pay some taxes in order to maintain a society; that's sort of a given. But this is just ridiculous. They're trying to tax us on carbon and salt? Two of the basic building blocks of just life and just being alive? I mean it's ridiculous. That being said, we will certainly be keeping you updated on this channel as the situation evolves.