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CLOSED FOREVER! Nana Plaza, Patpong, Cowboy--


PhilAnders

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The government has finally decided to close the most obvious pay for play venues for farang in Bangkok.

 

The nightlife scene is gone. Closed forever! No more bar girls.

No more sanuk. :(

 

:(:(:(:(

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

bloody hell! April Fools!

:clown::neener: :neener: :elephant::chili::yay:

 

:beer:

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Some distinguished newscaster was airing a story about "spaghetti trees" and fooled people were calling the station requesting more info.

 

My father-in-law was born on 01/04; he tells people he was born on 02/04.

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Given the current political climate I found the one in todays nation quite amusing, an indirect dig at vote buying.

 

Thai Rak Thai vows to cut income tax if it wins ballot

 

The Thai Rak Thai Party has vowed to exempt all Thais from personal income taxes for the income they reap in 2006, ahead of the Sunday election, a promise that should favour the party, according to a high-ranking party source.

 

 

"We would like to thank all Thais for voting for us," said the source who is confident that his party will win a landslide victory in the election and that party leader Prime Minister Thaksin Shinawatra will resume his post as prime minister.

 

 

The Stock Exchange of Thailand index yesterday skyrocketed by more than 100 points to 920, a nine-year high, as investors were cheered by the good news.

 

 

"They bought up stocks in huge chunks, knowing that next year they will not need to pay taxes," a stock analyst said.

 

 

Another analyst expected that if this tax waiver is implemented, people would go on buying sprees again. Luxury homes, with price tags of over Bt10 million, will become popular again even with middle-income earners.

 

 

The share prices of nearly all stocks hit ceiling levels yesterday, particularly Shin Corp Plc which ended the day at Bt51 - a record high price. Asked if this promise to eliminate 2006 taxes was practical, a source at the Finance Ministry said that it was.

 

 

"Right now, Thailand is plunging into a serious fiscal problem, but we believe that foreign investment will resume in the near future as investors are assured of political continuity as well as continuity in economic policies," said the source.

 

 

"This should create jobs over the next few years and though foreign investors are not going to pay corporate taxes in the first year of business, we should reap more taxes in the next."

 

 

Note: No matter how much we want this to be true, it is not. Happy April Fool's Day

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Given the current political climate I found the one in todays nation quite amusing, an indirect dig at vote buying.

 

Thai Rak Thai vows to cut income tax if it wins ballot

 

The Thai Rak Thai Party has vowed to exempt all Thais from personal income taxes for the income they reap in 2006, ahead of the Sunday election, a promise that should favour the party, according to a high-ranking party source.

There is more news about this from a business news subscription service. To make up the shortfall in tax revenue, a senior party member has proposed an offsetting increase in taxes on foreign individuals and "foreign controlled" businesses. A company will be considered "foreign controlled" even when a majority of the share capital is held by Thais if foreigners have voting control.

 

The current level of corporate income tax is 30% on all companies. The level for Thai companies will be reduced to 23%, while ?foreign controlled? companies would be taxed at 37.5%. An additional 3-11% in taxes would be levied on foreign individuals and there would be base for foreign individuals. For example, the highest marginal rate on individuals would go from 37% to 48%. The minimum tax any foreign invidual would pay would jump to 27%. To prevent capital flight, the tax increases (but not the decrease for Thais) would be applied retroactively for the past two years; foreigners would have to show a special payment certificate to exit or remit funds out of the country.

 

The PM was quoted as saying that this proves his patriotism becaue the sale of Shin - rather than "selling out to foreigners" - was actually part of a clever plan to shift the tax burden from Thais to foreigners. He said that this shift is necessary to fund the government's plans on infrastructure development - estimated to cost US$40 billion - over the next 4 years. He explained that the special tax measures targetting foreigners only were fair because foreigners refused to provide reasonable financing for the government's infrastructure development plans. The PM was quoted as saying that "this is what they get for not agreeing to trade mangos and rice for high speed trains and new sewage systems."

 

The Revenue Department would also aggressively increase efforts to collect taxes from foreigners. In addition to work permits, foreigners would also have to carry special tax compliance certificates, unless they prove, to the satisfaction of any inquiring police officer that they are quality tourists staying in five star hotels. Any foreigner unable to do so would be required to pay an immediate, on-the-spot, fine of 5,000 Baht directly to the police officer. Workers in nighttime entertainment venues frequented by foreigners would also be authorized to levy such fines since, in the words of one TAT official - quality tourists don't visit these places.

 

A government spokesmen said these measures will likely double Thailand's GDP growth rate this year.

 

 

 

 

 

 

 

 

...some, but not all, of this is Aprils Fools. :)

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