Thailand considers 0.01% gold transaction tax to counter money laundering
By SectorWire desk ·
Summary
Thailand is considering a 0.01% tax on gold transactions to address money laundering linked to organised crime, including illegal gambling on 14 September. The Bank of Thailand supports the proposal and plans wider information sharing between banks and state authorities.
Why it matters
Authorities are considering taxing gold transactions and expanding information sharing to address money laundering linked to illegal gambling.