Thai finance minister defends share transaction tax as fair and appropriate

BANGKOK, Dec 3 (Reuters): Thailand's re-imposition of a financial transaction tax on share sales on the Thai bourse will create fairness in tax collection and reduce inequality, and should not have a big impact on the market, the finance minister has announced.

The tax, which had been waived for more than three decades, was approved by the cabinet on Tuesday, and Arkhom Termpittayapaisith (pic) told a news conference that once in effect, there would be a 90-day grace period for adjustments.