Perverse Incentives

Blogging for the inverterately lazy

Hello, to my now single reader.  (I still think it’s my mom…)
Anyway, I’ve obviously not got my act together to blog like Megan McArdle, and as I’m thinking more and more, argue like Don Boudreaux (of whom I am enough of a fanboy to recently buy donboudreauxismyhero.com after seeing some sympatico from Steven Landsburg and [...]

Thailand training tax incentives and unintended consequences

Recently in Thailand they passed an amendment to the tax code that I received as a note from our Smiling Albino accountant.  In that note they said:
Please also note, that in line with Government Policy, with regard to educational seminars, you are entitled to deduct 200% as a company expense.
My gut said that it was [...]