Problems that may Arise from Using the Law to Intervene in the Economic System in the Case of Granting Tax Privileges under the Investment Promotion Act B.E. 2520

Abstract

Investment Promotion act is a tool that use to intervene in the economic activity of an individual. This intervention occurs by giving some tax privilege and other privileges to the selected entrepreneur. This intervention breaks one of the central pillars of liberal economy call “The principle of equality.” Such violation is acceptable only to push some change to an economic system of the country, such as promoting businesses that have never been implemented before in the country. However, by maintaining the situation that violated the principle of equality directly without any conditions or measures to support will harm the market system. Especially The inequality to bear the costs which will prevent new entrepreneurs from entering the market and unable to compete with the old operators who have received tax benefits from investment promotion.