• 
• 
• 

"But we want to wait for suitable timing. I had said when I was appointed as the finance minister that our corporate tax should be at 25 per cent," Korn said.

So far, finance minister said, the economic environment is not supportive for tax cut which aims to attract investment from local and overseas investors. The global economy has been sluggish and tax reduction wouldn't help increase investment, Korn said.

He insisted that the government would accept proposal of private sector for consideration. His statement was a reaction to Monday's proposal by Joint Private Committee on tax cut. 

Dusit Nontanakorn, chairman of Thailand's Chamber of Commerce, said on Monday that Joint Foreign Chambers of Commerce in Thailand voiced concern that the tax rate in Thailand is higher than other countries including Singapore and Malaysia, at 30 per cent for non-listed and 25 for listed.