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Any move on corporate income tax (CIT) would more or less affect investment climate and the government’s treasury. The government has started cutting the CIT rate this year from a long-standing 30% of net profit to 23%, to be further reduced to 20% for 2013 and 2014. The loss in tax revenue is supposed to be offset by Thailand’s increased competitiveness relative to other Southeast Asian countries when the Asean Economic Community is formed in 2015.