Group items tagged

The Thai government wants to increase the alcohol average tax by a significant percentage. The tax ceiling for the beer and wine will increase to 2000 baht per liter, which is very significant. This is aimed at increasing the government revenue, as the demand for alcohol is inelastic and increasing in consumption. Thailand has a significant percentage of foreign tourist and foreigners living in the country who enjoy alcoholic beverages. Locals are increasing in their income inelastic and consuming more alcohol. This will hopefully reduce the demand, as alcohol is extremely addictive and have negative externalities such as dream driving causing many innocent deaths.