Toyota Motor Thailand repeats its strong opposition to a proposed restructuring of Thailand’s excise tax structure on 1-ton pickup trucks and their variants. The excise tax on pickups is only 3%, but jumps to 20% for passenger-pickup vehicles. The Thai government reportedly is considering raising these rates, but auto makers are concerned this could slow the local market and exports. Pickups have been the cornerstone of Thailand's automotive export growth for three decades. “Toyota, ...
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