Another completely nonsensical article in the Thai media ...
Thai Wine Tax Cut Backfires: Consumption Soars, State Loses Millions
New research reveals tax exemption on imported wine has fuelled a surge in drinking and social costs, while costing the government nearly 600 million baht annually.
A controversial tax exemption on imported wine in Thailand has led to a significant increase in consumption, particularly among high-income earners, while costing the government millions in lost revenue and imposing substantial social burdens.
A study conducted by Assis Prof Dr Mana Laksamee-arunothai and Assoc Prof Dr Chidtawan Chanakul from Kasetsart University's Faculty of Economics reveals that the policy, implemented in early 2024, reduced customs duties from 54%-60% and lowered excise tax.
This has resulted in an estimated annual revenue loss to the state of almost 600 million baht.
The research found a dramatic 300% increase in consumption of wines priced between 3,001 baht and 5,000 baht within a single year.
Overall, the value of wine imports jumped by over 10% compared to the previous year, with direct benefits primarily accruing to foreign wine producers. While cheaper wines (under 1,000 baht) saw negligible price drops, high-end wines became over 10% cheaper, boosting demand among affluent consumers.
However, the policy's social and economic costs are substantial. The study estimates the total cost stemming from increased wine consumption, including risks from accidents, domestic violence, and impacts on children and youth, at over 10.3 billion baht.
Source:
https://www.nationthailand.com/news/general/40050474
So they increase taxes on the poor to make up for losing money on discounted luxuries for the rich.
And its very unlikely that those spending 3k to 5k on a bottle of wine are going to beat their wives, ride their Honda Waves into a ditch, or abuse their hi-so children, after consuming aforementioned beverage. Where do they find these "academics"?!