Thailand Expects Cash Flow of $2 Billion From Tax Break Plan, Official Ssays

THAILAND - BANGKOK. Thailand expects a new tax break on consumption could create extra cash flow of 70 billion baht ($2 billion) in the economy that would support government efforts to boost activity, a deputy finance minister said on Friday.

The government plans a tax deduction of up to 50,000 baht ($1,450) based on proven spending, which will include domestic travel, Julapun Amornvivat told reporters.