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Markets

Thai election makes investment tax policies a hot issue

Investors turn bullish on debates over transaction and capital gains taxes

Thailand led Southeast Asia in domestic listings last year with 42 initial public offerings. But it lags far behind Hong Kong and Singapore in foreign listings.(Source photo by Ken Kobayashi)

BANGKOK -- Reshaping Thailand's financial market through taxation has entered the discourse in Thailand's general election, as the kingdom hopes to become a regional financial hub that can match regional peers like Singapore and Hong Kong.

Parties are announcing their positions on investment-related tax policies, such as financial transaction and capital gains taxes, as they try to woo voters while keeping the market and economy on a sound footing.

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