Thai Bourse Says Trading Tax Should Be Delayed to Support Market

Investors’ sentiment on Thailand’s stock market would weaken further if the government decides to impose an equity-trading tax this year.

• Higher trading costs will erode confidence in the domestic market, which has already been hurt by accelerating inflation and rising interest rates, the Stock Exchange of Thailand said in statement Wednesday
• Companies will also face higher cost of capital from a new tax, affecting their ability to raise funds for expansion and investments
• Implementation of the new stock-trading tax should be done at the appropriate time, with enough advance notification for investors and companies to prepare: statement
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