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The history of Bangkok, the capital of Thailand, dates at least to the early 15th century, when it was under the rule of Ayutthaya.Due to its strategic location near the mouth of the Chao Phraya River, the town gradually increased in importance, and after the fall of Ayutthaya King Taksin established his new capital of Thonburi there, on the river's west bank.
Beginning in 1942, taxpayers could exclude 50% of capital gains on assets held at least six months or elect a 25% alternative tax rate if their ordinary tax rate exceeded 50%. [11] From 1954 to 1967, the maximum capital gains tax rate was 25%. [12] Capital gains tax rates were significantly increased in the 1969 and 1976 Tax Reform Acts. [11]
In 1906, Strobel moved to Bangkok to take the position of general advisor, where he died January 15, 1908. Among his successors were Jens Westengard (1909–1914), Wolcott Pitkin (1915–1917), Eldon James, and Francis B. Sayre —all but for Pitkin former Harvard law professors.
At the same time, the regional economies of Thailand, Malaysia, Indonesia, Singapore and South Korea experienced high growth rates, of 8–12% GDP, in the late 1980s and early 1990s. This achievement was widely acclaimed by financial institutions including IMF and World Bank, and was known as part of the "Asian economic miracle".
Meanwhile, shares of Visa (NYSE: V) traded nearly 4% higher, while shares of Capital One (NYSE: COF) had exploded by nearly 20% at one point this morning before paring some of those gains. A ...
Millennium Management is an investment management firm with a multistrategy hedge fund offering. [9] It is one of the world's largest alternative asset management firms with over $70.2 billion assets under management as of October 2024. [10] [11] The firm operates in America, Europe and Asia. [12]
Bangkok, [a] officially known in Thai as Krung Thep Maha Nakhon [b] and colloquially as Krung Thep, [c] is the capital and most populous city of Thailand.The city occupies 1,568.7 square kilometres (605.7 sq mi) in the Chao Phraya River delta in central Thailand and has an estimated population of 11.3 million people as of 2021, 13% of the country's population.
Since the rich typically rely more on investment income than salary, the budget would tax capital gains at the same rate as regular income for individuals earning $1 million or more and eliminate ...