Wednesday, September 14, 2011

Thai Automakers slam plan

The government's first-car buyer scheme has drawn strong criticism from industry executives, who say not all automakers will enjoy the same benefits and the government might end up having to raise taxes in the long run to offset the revenue shortfall.

The Pheu Thai government's plan to allow tax deductions for first-car purchases will result in an uneven playing field for all manufacturers, said Piengjai Keawsuwan, president of the Thai Automotive Industry Association.