Thailand to study G7 move on reforming global tax

The new tax measures could be both a boost and bane on Thailand’s move to attract foreign investments, including in the Eastern Economic Corridor. - Reuters

BANGKOK (The Nation/ANN): Prime Minister Prayut Chan-O-Cha has instructed his economic team to study the effects as well as opportunities from the G7’s move to reform global corporate tax, government spokesperson Anucha Burapachaisri said on Tuesday (June 8).

The G7 group of advanced economies announced a historic accord on Saturday to set a minimum global corporate tax rate, taking the first step in reversing a four-decade decline in taxes paid by multinational corporations.