The Thai Cabinet has recently approved a proposal for two new tax regimes for International Headquarters and International Trading Centers. The regimes would relax certain foreign ownership and activity limitations, and provide the following key tax benefits: International Headquarters Tax exemption on net profits derived by an associated company or branch outside Thailand Reduced 10% income tax rate on the net profits of an associated company or branch in Thailand Exemption from withholding tax on dividends distributed to nonresidents Exemption from business tax and withholding tax on intercompany loans International Trading Centers Tax exemption on income from goods or services...