With the U.S. government massive financial rescue plan failure fear, Thailand’s new appointed government is considering boosting investment tax incentives in bid to cushion adversary impacts from the global markets crisis.

Finance Minister Suchart Thadadamrongvej said on Wednesday the government is seeking the Stock Exchange of Thailand (SET) cooperation in implementing a project aiming to boost tax incentive on long-term equity funds (LTE) and retirement mutual funds (RMF) investment packages.

Mr. Suchart said he is considering widening an amount of fixed tax incentive for the two packages from currently maximum 15 per cent or not over 500,000 baht.

Mr. Suchart said he also ordered the Government Saving Bank to inject cash into other state-run banks experiencing liquidity crunch to resolve their squeezing credibility as well.

He said the plan will be entering the cabinet approval process as soon as possible and he believes that people would be willing to invest more on the two packages to gain tax advantages when the market is still at low prices.

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   [...] Thailand to introduce tax incentives on investment instrumentsWith the US government massive financial rescue plan failure fear, Thailand’s new appointed government is considering boosting investment tax incentives in bid to cushion adversary impacts from the global markets crisis. … [...]

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