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Property Tax in Thailand: An Assessment and Policy Implications |
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| รหัสดีโอไอ | |
| Creator | Duangmanee Laovakul |
| Title | Property Tax in Thailand: An Assessment and Policy Implications |
| Publisher | Thammasat University |
| Publication Year | 2559 |
| Journal Title | Thammasat Review of Economic and Social Policy |
| Journal Vol. | 2 |
| Journal No. | 1 |
| Page no. | 24 - 53 |
| Keyword | Land and Building Tax, inequality, fiscal decentralization, local government |
| ISSN | 2465-4167 |
| Abstract | This paper explores the ways in which the proposed new Land and Building Tax bill could be used to increase local government revenue and reduce wealth inequality in Thailand while rationalizing the current system of land taxes. After comparing the current system to the new proposed system, it finds that the new bill would be fairer, as it would be a more reasonable tax rate, and more broadly (and fairly) collected, and would do so based on current land values, not the values calculated in 1981. Additionally, by having the tax collected and used at a local level, it would promote fiscal decentralization and local governmental accountability. |
