Transcript of the above video: 

As the title of this video suggests, we are discussing Thailand seems to be decreasing or reducing if you will, the personal income tax? Well, it's got some caveats. 

So I thought of making this video after reading a recent article from Thai PBS World, that is thaipbsworld.com, the article is titled: Tax incentives for talented Thais working abroad to work in Thailand. Quoting directly: "The Cabinet has approved the Finance Ministry's proposed tax incentives, reducing personal income tax to a maximum of 17%," - but, and here is the kick, or I should say maybe the catch, - "17%, for Thais working abroad in key industries, to attract them to return to work in Thailand, said Pornchai Theeravat, spokesman for the Finance Ministry, yesterday. The Government wants these talented Thai nationals to return and work in their home country, to help industries essential to the development of the country and the Thai Economy, he said."

Yeah, okay. I mean that makes a certain degree of sense; I kind of see the public policy thinking behind that. But I have to say, there's something I find a bit rankling about this notion that people that haven't been here in Thailand for lack of a better term, 'paying their dues', are going to get treated better if they return from a tax standpoint than with locals who have been here earning their money and doing their thing all along if you will. 

So sort of the point I am trying to make with this video is it does seem a little bit for lack of a better term, inequitable, to you know say "oh this group of people get to be at this tax rate, but these people don't necessarily get to be at this tax rate." That seems unequal, I mean by definition it's unequal, because people are paying a different tax rate based on their circumstances I guess. Again I'll be curious to see if this really does lure anyone back because frankly 17% while significantly less than certain jurisdictions, it's not like just a tax amnesty or something. So I don't see a lot of folks are going to look at that and say "oh this is a big thing". There may be certain people that yes this will have a significant impact on; I have to wonder if they specifically lobbied to have these rules changed if only for themselves. 

But that said, I find it again unfair, unequal, that again somebody who is not here and coming back gets sort of a preferential tax treatment to somebody who was out here the whole time; that doesn't make any sense to me.