I’ve gotten the reason that cabinet has approved to cut Gasohol91’s price by excise tax’s cutting.

If they cut both of Gasohol91&95 then they will lose more revenue than cut only Gasohol91 because Thai people have used less Gasohol91 than Gasohol95 since the distortion policy in Gen.Prayuth era and they can claim their election’s campaign.

Although Govt. Revenue has reduced from an excise tax’s cutting, however, VAT will increase to recover the lost one from the multiplier effect.

#Econ101 #Taxation

#SiamStr #ตระบัดสัตย์