Thailand’s government will examine a new law that would require all foreign businesses with no physical presence in the country to report all their transactions to their government to determine if they should pay value-added tax (VAT), which currently stands at 7%.

As of now, foreign companies can skirt Thailand’s VAT as long as they maintain a purely digital presence in the country.

The Thai Department of Revenue’s new tax bill is the response to booming online trade in the country as well as another means to increase revenues.

The legislation comes in the wake of another law, regarded as the e-business tax, that would tax online purchases and sells originating from outside the country.

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The U.S. Supreme Court ruled in a 5-4 decision last week that state governments are constitutionally allowed to tax internet sales, even if the business has no property or employees in the state.

The decision, which overturns prior rulings that require a company to have a physical presence in the state before being subjected to taxes, paves the way for all 50 states to implement new taxes on goods and services sold on the internet.

As of right now, 31 states already have laws on the books that impose taxes on digital companies.

Surprisingly, the 5-4 decision was not split on partisan lines, as conservative judges Clarence Thomas, Anthony Kennedy, and Samuel Alito were joined by the liberal-leaning pair of Ruth Bader Ginsberg and Neil Gorsuch. The dissenters were John Roberts, Stephen Breyer, Sonia Sotomayor, and Elena Kagan.

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Thailand’s Parliament did not pass the proposed controversial inheritance tax bill and sent it back to the Finance Ministry for modification, reports the Bangkok Post.

The bill originally proposed by the Finance Ministry and approved by the cabinet set the tax rate at 10 percent for assets over 50 million baht.

According to the Bangkok Post, there have been talks of extending the tax ceiling up to estates over 80 million baht and reducing the tax rate to 8 percent.

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Finance Minister Sommai Phasee reportedly said the originally proposed rates were already low and “almost amounts to nothing for state coffers,” and if the changes were accepted, the taxes would be futile and the bill should be thrown out.

The National Legislative Assembly (NLA) sent the bill back to the Finance Ministry for reconsideration.

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