Don’t be afraid : it’s not April Fool Day.
It sounds funny… I know… but actually it’s very rational, very serious.
The government is broke (read here).
Back to square one. 😉 But of course, because they are dirty bureaucrats and politicians, they need to find an explanation. Even if it’s totally absurd, it doesn’t matter. They have to find something.
The last “something” gives me the opportunity to enrich my “Weird / Bigotery” Category… “excises taxes”… on instant coffee and tea. 😉
The Finance Ministry will pass the excise tax-restructuring to the Cabinet for endorsement in the next two weeks. The plan includes the imposition of excise duty on instant tea and coffee, and the tax increase on items that contribute to poor health, which will help generate more income for the government.
Deputy Finance Minister Pruektichai Damrongrat revealed that the ministry will propose a restructuring plan on excise duties to the Cabinet for further consideration within two weeks.
He said the plan will focus on the tax increase on products deemed unnecessary for basic consumption which contribute to poor health, and create more fairness in the tax collection system.
He said the government has to rewrite the law and listen to the opinions of both consumers and manufacturers before imposing the hike on sin tax rates, while the tax levied on entertainment venues is under revision, and added that the excise tax rate on instant tea and coffee will be made appropriately.
The deputy finance minister predicts that the government is likely to generate more than 10 billion baht per year in revenue from sin tax collection, 1.5 to 3 billion baht per year from excise tax for instant tea and coffee, and earn an additional one billion baht from nightspots. (TOC)
Hey guys… What about a tax on idiocy ? That would be a real sin… 😉