This open letter from David Lyman to the clients of Tilleke & Gibbins addresses the events that unfolded in April 2009, when political demonstrations—sometimes violent—took place in Bangkok and Pattaya. Although the protests by the so-called Red Shirts attracted a great deal of media attention, life continued without serious disruption in Thailand’s capital.

The current global economic crisis has had a considerable effect on Thailand’s real estate market, and house purchasing demand has decreased accordingly. The stagnant housing market will have an impact on many businesses, the main ones being real estate developers, financial institutions, construction companies, and construction material suppliers. To address this issue, on January 20, 2009, the Cabinet passed a resolution which provides tax measures intended to stimulate the Thai economy.

This 34-page guide provides a comprehensive summary of Thailand’s tax laws. The authors provide a full overview of income taxes as they apply to business entities and individuals in Thailand. The guide also provides a review of Value Added Tax, Specific Business Tax, Customs duties, stamp duties, property tax, and other issues.

Within the past two years, Thailand has experienced a number of events that have called into question the country’s political stability. In this article, David Lyman puts these events into historical perspective by looking back on the path that has led to the current situation. This article provides a thorough overview of Thailand’s recent history and explains many of the driving factors underlying the political instability of 2008. The article concludes that there is reason for optimism about Thailand’s future, with progressive development likely to return to the country.