Thaiger Talk Quiz #213 - Tax in Thailand

[BigHewer]

 

Quiz #213

10% here, 20% there, rules, loopholes, nasty surprises. Taxes are not especially popular; hopefully this quiz will be. Good luck all and let us know how you get on.

And now for the answers...

 

[Sparrows]

I’ve played a few of these quizzes and this was my first ZERO. 0/5.

[Vigo]

I earned 2.  The inheritance tax  is a hot topic for some. I sympathize with people from high tax countries who argue against  inheritance tax on the basis that the person who had the wealth had already paid tax on the money. I understand why there is some tax in the USA (because personal income taxes are low and the inheritance tax attaches at a higher amount). The Thai tax approach seems reasonable.

I do feel for UK residents who really get screwed with the inheritance and personal income tax rates. It is a diabolical tax structure that punishes people who create wealth.

I was clueless on the  VAT tax rate.   

[BigHewer]

11 minutes ago, Vigo said:

I earned 2.  The inheritance tax  is a hot topic for some. I sympathize with people from high tax countries who argue against  inheritance tax on the basis that the person who had the wealth had already paid tax on the money. I understand why there is some tax in the USA (because personal income taxes are low and the inheritance tax attaches at a higher amount). The Thai tax approach seems reasonable.

I do feel for UK residents who really get screwed with the inheritance and personal income tax rates. It is a diabolical tax structure that punishes people who create wealth.

I was clueless on the  VAT tax rate.   

Inheritance tax is also ridiculous here. There's a 36 million yen exemption, and then after that a horrific sliding scale whereby the more you leave behind, the more they screw you. The maximum rate is over 50%.

Basically, taxes in Japan are very low when you're alive, but then they really nail you when you're dead.