Alcohol Tax Losses in Thailand to Smuggling

in Business Risk

According to the head of the Excise Department of Thailand, up to $334 Million (10 Billion Thai Baht) is lost each year in tax revenue due to bootlegging within the country. Bootleggers evade taxes through various methods such as under-declaring alcohol prices and committing fraud.

Source: “Same taxes for spirits urged,” Bangkok Post, October 5, 2010.

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