The disruption in the global supply chain due to trade wars has presented countries in the region with a once in a century opportunity. Seizing on the movement of companies out of China, several countries have dropped their tax rates and increased their incentives to attract companies.
Thailand has joined India to drop its tax rate to attract companies re-locating their manufacturing bases. The country has dropped its tax rate by as much as 50% for investments of Baht 1 bil (RM136mil) that must come in by 2021.
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