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INVESTOR ALERT Property Tax Initiative Postponed

Category: Real estate, Posted:17 Jan 2011 | 06:00 am

Thailand's Finance Ministry has announced that the controversial land and building tax has been shelved until after this year's planned elections.
Prime Minister Abhisit Vejjajiva's administration had meant this intended legislation to pass either late last year or early 2011 but clearly political machinations at present make it a secondary concern.
While the tax would have brought substantial revenue into the government coffers, the issue of decreasing the widening gap between the nations's rich and poor continue to stimy political factions.
For landowners who continue to bank large blocks of undeveloped land the news comes with a sigh of relief.

Other News

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Vietnam Tourism Voices  – The Tiger Roars Back

Category: Tourism, Posted:24 Sep 2021 | 13:40 pm Next Tuesday join C9 Hotelworks and Delivering Asia Communications for an in-depth look at Vietnam’s return of the international marketplace. Vietnam’s tourism and hotel market is focused an upcoming ‘Sandbox-style’ reopening for international travel. With the Vietnamese resort island of Phu Quoc taking center stage in a proof of concept, the hospitality industry in this […]
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Manic Monday. No Rain, No Rainbows

Category: Tourism, Posted:20 Sep 2021 | 14:24 pm Rainy days and Mondays are no reason to get down. We have three new Thai Road Trip episodes from C9 Hotelworks and our friends at Delivering Asia Communications for you. Have a seat, throw the umbrella out the window and take a look now. INSIDE STORY Bill Heinecke’s Phuket Resort Home Phuket Hotel Insight – […]
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After The Sandbox – Phuket Hotels Ask What’s Next?

Category: Hotels, Posted:16 Sep 2021 | 09:37 am The resort island of Phuket’s proof of concept Sandbox advantage looks to dramatically change come October. Since the first of July island hotels have experienced considerably higher occupancy levels and much-needed revenue from international arrivals. This has been Sandbox generated, and travelers, not necessarily tourists. Bangkokians fleeing the red zone situation have also aided in […]