Economics, Econometrics and Finance
4 years ago

Real estate gains drive income inequality in Thailand, tax reform needed.

International Journal of Trade and Global Markets
The Effect of Income Components and Tax on Inequality in Thailand under Comprehensive Income
Voramast Limteerakul

Paper Summary

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The study looked at how different types of income and taxes affect inequality in Thailand. From 1997 to 2015, most Thai people earned money from working. But the main reason for inequality was the big profits from real estate, which only a few people had. Income tax didn't do much to fix this because it focused more on money earned from working than on profits from investments. To make things more equal, the government could think about taxing profits from investments.