The Finance Ministry has published data for february.
VAT collection was up by 23 %, compared to february 2009, at 39,05 billions THB.
Impressive ? It’s the base effect… What is interesting is that VAT was… down compared to the previous month (42,51). And to december (41,38). And to november (40,51). And to october (39,41). And to september (39,15). 😉
Seen under this angle… the message is therefore slightly different.
And what about corporate taxes ? Bingo. Down. Again. Ouch. And down on a year on year basis. -5,17 % at 14,17 billions THB.
If you believe that businesses should pay more taxes during a vivid and strong recovery, then you’re a dangerous terrorist. Or a very bad cook : you can’t obviously distinguish a Green Shoot Salad from a Green Shoot Goulash.
And, what about personal income taxes ? Recovery = more jobs = higher taxable income = higher taxes collections ? Again you’re wrong. Minus 1,76 % compared to february 2009, at 16,63 billions THB.