Determinants of Effective Tax Rate in Thailand Research Proposal - 1

Determinants of Effective Tax Rate in Thailand - Research Proposal Example dependable about a year ago the price of international crude petroleum was about $ one hundred thirty per barrel, only things have come to such a pass now that the oil exporting countries headed by OPEC is worried about the falling prices. These days the prices have come down to about $30 per barrel. This implies soften bargains for oil importing nations. in that respectfore the tax rates wouldve been higher during the period when crude oil prices were high, but there is strong possibility that the tax rates will be comparatively lower if the oil prices are low. This is just one situation explaining the manner in which the tax rates are determined. There are scores of other determinants which help in shaping the fiscal plan of a agricultural. In addition the procedure for calculation of taxes by the government bodies and somatic sector also depends upon a design of factors. This raises our curiosity abou t the manner in which the tax regime functions. This research study is therefore world taken up to understand the intricacies regarding the determinants of effective tax rates in a developing country kindred Thailand. The taxes in general are of many types collected in direct or verificatory manner. But, in this study an emphasis will be laid on finding out the corporate tax structure in particular.In Thailand taxes in general are divided in both broad categories namely direct tax and indirect taxes. Two key components of direct taxes are the in-person income tax and corporate tax. On the other hand taxes like excise taxes, stamp duty and look on added taxes (VAT) are known as indirect taxes. The modus operandi for calculating these taxes depends upon the revenue generation mechanism being confine in place in the country and the level of competition within the industry. The revenue department of Thailand is entrusted with the delegate of taxation. Main responsibilities assig ned to the revenue department are1Led by the mortgage crisis in US, a crisis like situation is emerging in almost all parts of the world.