Offers Tax Raises, Pay Cuts, Borrowers, Balances – Post Today Financial News – Stock



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Proposal to raise taxes, pay cuts, reduce salary. Solve the cube.

Date 07 September 2020 Time 13:16

The former finance minister hacked into the government that did not survive. If you don’t raise taxes, don’t cut the bankrupt country’s salary, just recover until this flood can’t be used

Sommai, a former finance minister, revealed that the government has to increase the value added tax (VAT) from 7% to 9% or up to 2%, which will increase revenue by 1.2 billion baht to solve the livestock problem. . Wid-19 And revitalize the economy It is expected that in 2021 the share of public debt over GDP will exceed 60% of GDP, exceeding the established fiscal sustainability framework.

“January 2021, the government must increase the VAT tax Because otherwise the country’s money will not die. Just to borrow money, the country collapsed due to a debt so high that there was no money to pay the debt. People misunderstands that the economy should not raise taxes. Because tax collection did not come out of the pile But the tax came, the government used it to restore the economy. And the government need not fear that the tax increase will lose the popular vote Because now there is no one popular with the government, “Sommai said.

Mr. Sommai said that in addition to collecting taxes, the government should reduce regular expenses, which is a reduction in the salaries of civil servants. And employees of state companies That now there are more people than jobs The more COVID-19 Work less but earn the same salary Therefore, it is convenient to reduce the salaries of public officials and state companies. But there is still no cutting people. As a private company There is now a reduction in expenses, most of which have already reduced staff salaries by at least 25%.

“The government must solve the economic crisis in another way. Stay like this, do the same, nothing better. I think the prime minister does not dare to do so. But I have to tell you if you don’t. The country couldn’t live, ”Sommai said.

Sommai said the government should focus on collecting property taxes. Land and construction taxes should not reduce the burden from 100% to 10%, resulting in local revenue collected more than 100 billion baht, this year is expected to raise less than 20 billion baht and need to be improved. Inheritance tax, currently, the taxation of one hundred million baht only. Which is considered too low Because the law was amended to avoid taxes

“The government has more than a year to prepare to collect taxes on land and buildings. But I’m not interested in the operation Make it unavailable Tax invoices are sent to some taxpayers and not others. Everything is messy because you are not paying attention because there is no benefit. And also to reduce taxes, causing more problems for local income, “said Sommai.

Mr. Sommai said that the resignation of Pridi Daochai from the position of Minister of Finance after working less than a month. Due to mixed political and health issues, Mr. Pridi may not know that the amount of work in the Finance Minister position is high and he has to decide the time market. Do not cause time to rest until you cause health problems. It is also being accepted by politics. If it is an appointment of government officials AND someone sent a letter to the committee of the Bank of Agriculture and Agricultural Cooperatives (BAAC) to sign his resignation even though Nan Pridi, who is the president of the BAAC, did not know, provoking than Mr. Pridi. I think it is better to quit.



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