Thailand Prepares to Join OECD in Five Years: Finance Minister

Thailand is preparing to adjust domestic laws, policies and tax practices to meet the standards set by the Organisation for Economic Co-operation and Development to join the group in five years, according to Finance Minister Pichai Chunhavajira.

• Thailand will need to comply with OECD’s tax rules by lowering its rate for big international companies to the global minimum tax rate of 15%, which may be discussed at the Board of Investment’s meeting on Nov. 1, Pichai says after a meeting with OECD Secretary-General Mathias Cormann in Bangkok on Wednesday
• Thailand formally started the process of accession to OECD on ...