By Naewa and Reuters – published by CNA
DE FACTO Pheu Thai boss Thaksin Shinawatra blasted some coalition partners for not attending a cabinet meeting on Wednesday (Dec. 11) where a draft legislation to collect the global minimum corporate tax was approved telling them they don’t have to stay in the coalition but if they do all might fight together, Naewna newspaper said last night.
Speaking at a Pheu Thai Party seminar in Hua Hin, Thaksin said: “If we are together then we must stay together. In future if you don’t want to stay you must clearly say so. We speak clearly, don’t run away, in future if anyone runs away we will say he ran away and if you are running away send in your resignation.”
Of the seven ministers who skipped this cabinet meeting three are from Bhumjaithai Party, two from Ruam Thai Sang Chart Party which is de facto led by former coup leader-turned-prime minister/now privy councillor Prayut Chan-o-cha, one from a group of 20 renegade MPs led by former Palang Pracharath secretary-general Thammanat Prompao who have been ousted from this camp, and one from Pheu Thai itself.
The seven ministers are as follows:
– Anutin Charnvirakul, Deputy Prime Minister/Defence Minister, Bhumjaithai;
– Pirapan Salilatthavipark,, Deputy Prime Minister/Energy Minister, Ruam Thai Sang Chart;
– Maris Sangiampong, Foreign Minister, Pheu Thai;
– Songsak Thongsri, Deputy Interior Minister, Bhumjaithai;
– Akara Prompao, Deputy Agriculture and Cooperatives Minister, Thammanat faction;
– Surasak Phancharoenworakul, Deputy Education Minister, Bhumjaithai;
– Suchart Chomklin, deputy commerce minister, Ruam Thai Sang Chart Party.
Of the three Bhumjaithai ministers who did not show up for approval of this draft legislation, Anutin came in late, Songsak was busy at the Interior Ministry and had given notice of this in advance while Surasak took sick leave.
Global minimum corporate tax
THAILAND expects to implement a global minimum corporate tax of 15 percent on multinational companies from January 2025, its finance minister said yesterday (Dec. 13), according to a Reuters report published by CNA
The government will urgently issue a law on the tax collection, Pichai Chunhavajira said on a local television programme.
Pichai’s comments came after a Reuters report that the cabinet on Wednesday approved draft legislation to collect the global minimum corporate tax.
Under new rules being shepherded by the Organisation for Economic Cooperation and Development (OECD), a minimum 15 percent tax will be charged on multinationals with an annual global turnover of more than 750 million euros (US$784.58 million), regardless of their location.
Thailand’s corporate tax is currently set at 20 percent, but companies receiving incentives from the Thailand Board of Investment can get an exemption of up to 13 years.
Vietnam’s parliament approved the minimum global tax rate last year.
Indonesia, Southeast Asia’s largest economy, Malaysia and Singapore have also said they will implement the minimum tax rate in 2025.
CAPTIONS:
Top: De facto Pheu Thai boss Thaksin Shinawatra addressing the Pheu Thai seminar in Hua Hin.
Front Page: Prime Minister Paetongtarn Shinawatra speaking at this party seminar. Photos: Naewna
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