Nation reports today that Thailand had a $21.6 Billion dollar surplus last year and increased their reserves by $55 billion over the last 3 years. Only 1/6 of the population is currently being taxed. The US trade deficit is averaging 26Bil a month.
Does this tell anything about proper taxation and the economy? Correct me if I am wrong,
there is a hotel tax, a gas tax and an VAT tax. Is that how Thailand raises money domestically? That surplus is exports to the rest of the world? Yes or No.