Thailand's government has launched a broad-based programme to attract foreign investment. A key element in the package is a proposal to cut corporate taxes by five percentage points to 25% over the next three years.
At last week's Cabinet meeting, finance minister Surapong Suebwonglee presented the plan for corporate tax cuts and for a series of new tax incentives to encourage the growth of the economy. He anticipates the package will lead to a 6% growth in GDP in 2008 as opposed to an original forecast of 4.5% to 5.5%
