The reimposition of a financial transaction tax on share sales in the local stock market will create fairness in tax collection and reduce inequality, and should not have a big impact on the market, Finance Minister Arkhom Termpittayapaisith said on Friday.
The tax, which had been waived for more than three decades, was approved by the cabinet on Tuesday. Once in effect, there would be a 90-day grace period for adjustments, Mr Arkhom told a news conference.
