BANGKOK - Former finance minister Korn Chatikavanij has recommended that the military government undertake ambitious reform of property and inheritance tax, which had been impossible to do under normal political circumstances.
Such tax reform, once accomplished, would not only help raise substantial revenue for the government but would also create a more equitable society, he said.
Korn told The Nation yesterday that the draft legislation for the property tax is already there.
It only needed to be passed by Parliament but the Yingluck government dropped it.
Korn said with the powers it has, the [current] military government could finish it within a week,.
Apart from further reform of the value-added or capital-gains taxes, Korn also signalled his support for the National Council for Peace and Order's attempt to revamp state enterprises through the recent appointment of a so-called superboard.
The superboard is authorised to recommend policies, management and development plans for all state enterprises.
It is also empowered to supervise and follow up the performance of state enterprises to ensure effectiveness and efficiency among other goals. The board members include financiers, businesspeople and lawyers.
On Monday the three new directors on PTT's board - Piyasvasti, Pornchai Rujiprapha, a former permanent secretary of the Energy Ministry, and Kurujit Nakornthap, a former deputy permanent secretary of the ministry - who were appointed by the junta to replace those who had resigned, called a press conference to clarify their qualifications, after some opposition had been voiced by some non-governmental organisations.
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