The idea is to offer consumers tax incentives to spend more during the holiday season to bolster the national economy. The government expects that the tax incentives will entice car owners to buy a new set of tyres and families to invest in a new TV set. Giving parents better tax incentives to cover their child-rearing outlay of course yields far less significant results than doing the same for the tourism sector, to name one example. With Thailand fast becoming an ageing society and skilled labour in decline, doubling tax incentives for parents would kill several birds with one stone. Deputy Prime Minister Somkid Jatusripitak has meanwhile instructed the Fiscal Policy Office to consider greater tax incentives as an additional measure to underwrite the employment of senior citizen.

Source: The Nation Bangkok November 17, 2017 18:22 UTC