The Thai cabinet decided Tuesday to revoke a law, which has been in force for more than three decades, exempting stock market share trades from Financial Transaction Tax. Finance Minister Arkhom Termpittayapaisith said that the abrogation of the law means that all trading of stocks on the stock market, whether at a profit or loss, will be subject to a financial transaction tax of 0.1%. He said that the government is expected to gain at least 15 billion baht a year from the tax, adding that the Council of State will have to draft a law to impose the tax. […]

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