Thailand profit shifting changing taxes

[wellington]

Just see this, in layman terms not sure the impact outside the obvious.

Draft law aims to curtail profit shifting

BANGKOK: The Revenue Department expects draft legislation to collect taxes from multinational enterprises (MNEs) to prevent the shifting of profit to subsidiaries located in countries with a lower tax

www.thephuketnews.com

 

[Marzio]

This is not something to worry about as they refer to multinational enterprises (MNEs).

 

[JackAlabama]

This is not something to worry about as they refer to multinational enterprises (MNEs).

Yup, wondering why they even need legalese for that and just don't cut a few deals with the companies in question.
BEPS comes from the same gang as the other garbage like crs (oecd). This is more aimed at big corps.

 

[wellington]

This is not something to worry about as they refer to multinational enterprises (MNEs).

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