Thailand seeks to reverse brain drain with five-year tax breaks

BANGKOK (Bloomberg): Thailand will slash by about 50% the personal income tax rate of professionals who are willing to return home to work for companies as the nation seeks to attract manpower for industries ranging from electronics, automobiles, robotics and aviation.

Prime Minister Srettha Thavisin’s cabinet approved the tax breaks on Tuesday to lure "the cream” of overseas Thai workers, Deputy Finance Minister Paopoom Rojanasakul told reporters.