MTS Gold opposes gold tax, to meet Ekniti

Khaosod•Economy•18h ago

Reader Briefing

MTS Gold intends to meet with Ekniti this week to oppose the imposition of a gold tax.

•MTS Gold opposes the collection of gold taxes to avoid Thailand losing its competitiveness as a global gold hub.
•Dr. Kritcharat notes that financial centers like Singapore and Hong Kong do not collect gold taxes to attract investment.
•Thailand previously abolished gold taxes in 1998, which led to market growth of approximately 1,000%.

Overview

•MTS Gold prepares to meet Ekniti this week to express its position against gold tax collection.
•Dr. Kritcharat states that gold is internationally recognized as a highly liquid asset similar to currency.
•Singapore and Hong Kong use tax exemption policies to attract investment and promote their status as gold trading hubs.
•The Thai gold market grew by approximately 1,000% after the gold tax was abolished in 1998.
•Dr. Kritcharat warns that returning to strict tax measures would cause Thailand to regress and be disadvantaged compared to countries reducing taxes.
•Dr. Kritcharat asserts that Thailand should not create obstacles that block itself from being a hub.

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Key Quotes

Kritcharat

"Returning to old strict measures will make us regress, while other countries try to reduce taxes to attract being a hub. Tax collection will make Thailand disadvantaged compared to other countries, and we should not create obstacles to block ourselves."

การกลับไปใช้มาตรการคุมเข้มแบบเดิมๆ จะทำให้เราถอยหลัง ในขณะที่ประเทศอื่นพยายามลดภาษีเพื่อดึงดูดการเป็นฮับ การจัดเก็บภาษีจะทำให้ไทยเสียเปรียบต่างประเทศ และไม่ควรสร้างอุปสรรคขึ้นมาปิดกั้นตัวเอง

Key Entities

Organization

MTS Gold(MTS Gold แม่ทองสุก)

An organization opposing gold tax collection and planning to meet Ekniti.

Person

Ekniti(เอกนิติ)

The person MTS Gold plans to meet this week.

Dr. Kritcharat(นพ.กฤชรัตน์)

A person who provided statements regarding gold tax and the competitiveness of the Thai gold market.

Place

Singapore(สิงคโปร์)ℹ️

A financial center that does not collect gold taxes to attract investment.

Hong Kong(ฮ่องกง)ℹ️

A financial center that does not collect gold taxes to attract investment.

Thailand(ไทย)ℹ️

A country that abolished gold taxes in 1998 and is currently facing discussions on reintroducing them.

Policy

Gold Tax(ภาษีทองคำ)

A tax measure that MTS Gold opposes and which was previously abolished in Thailand in 1998.