The Thai government’s Council of Economic Ministers rejects an auto industry proposal for an across-the-board, three-percentage-point excise tax cut on all vehicles in an effort to boost auto sales. In announcing the decision, Prime Minister Abhisit Vejjajiva tells reporters short-term measures, including offering tax breaks and covering vehicle-insurance down payments, may not work in achieving that goal. Abhisit says the Finance Ministry and the Bank of Thailand will look at the auto ...

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