It is unbelievable how many problems this Kingdom faces on a daily basis from policies and politicians who tend to shoot their own feet. The latest story today comes from the Finance Minister and his merry friends.

On Tuesday, Finance Minister Kittiratt proposed a sharp increase in alcohol excise tax, and on Tuesday(same day?) the proposal was approved by the cabinet.

New excise tax ceiling
Maximum rate of 2000 baht per litre of 100% alcohol content for both fermented beverages(beer, wine), and distilled beverages(whiskey, brandy).

Current tax
Fermented Beverages - Maximum rate of 100 baht per litre of 100% alcohol content or 60% of product value, whichever higher.
Distilled Beverages - Maximum rate of 400 baht per litre of 100% alcohol content or 50% of value, whichever higher.

Excise tax calculation for alcoholic beverages to change
Taxes for domestically-brewed alcohol beverages are taxed based on ex-factory prices currently, while ......