มาตรการทางภาษีที่เกี่ยวข้องกับการซื้อขายหลักทรัพย์ : ปัญหาทางกฎหมายและแนวทางแก้ไข / อนุวัฒน์ งามประเสริฐกุล = Tax measures related to purchase and sale of securities : legal issues and solutions / Anuwat Ngamprasertkul
The Government of Thailand has launched several tax regulations to grant the tax exemption or reduction on the sale of the securities, i.e. equity instrument, debt instrument, and derivative etc. These tax measures have promoted and developed the Stock Exchange of Thailand by increasing the investment volume of the individual investors. On the other hand, these measures have also created the difficulties to the investors. It is because the Stock Exchange of Thailand has continuously developed itself since B.E. 2517 (1974) until now, while, the tax regulations were not updated simultaneously. As such, they create the legal problems, including but not limited to, the problems arising from i) the difference of the tax burden on each instrument, ii) the dissimilarity of tax burden on the sale of instruments through the organized market and over the counter market, iii) the calculation methodology, and iv) the discrimination practices between individual investors and the institute investors. As a result, it is assumed in this thesis that the tax measures related to the purchase and sale of securities, which have been made in accordance with the policy of the Government of Thailand and prescribed through several regulations, create the unfair practices in the tax structure of Thailand. In response, the two proposed solutions after the Government have determined the tax policy by studying on the economic feasibility study in depth, which are the improvement of the current tax measures or introduction of the capital gains tax, are then set forth in this thesis for consideration of all stakeholders as a guideline in order to improve these tax measures in near future.
