MTS Gold (Mae Thong Sook) is escalating industry pushback against proposed gold tax measures, with Chairman Dr. Krichrat announcing plans to meet Finance Minister Ekniti this week. The argument centers on competitiveness: developed markets like Singapore and Hong Kong have zero gold tax to attract capital; Thailand abolished gold tax in 1998, growing the market 1,000%, and reintroducing it could disadvantage local operators while other regional hubs compete via tax incentives. The outcome may shape Thailand's positioning as a regional gold trading hub.
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