
wwest5829
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What is the real deal with proposed foreign income tax changes?
wwest5829 replied to webfact's topic in Thailand News
Thanks but I am not in Bangkok. -
I do not own that car but my dash unit allows either a plug in for my iPhone or a Bluetooth connection. I can use my iPhone GPS. Just an idea to check out.
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My current thinking, based on my current understanding is that the current tax treaty between the USA and the Kingdom of Thailand protects citizens of both nations from double taxation. As the USA requires Americans pay income taxes from all global sources, I am exempt from having to pay income tax on that income again in Thailand. The current proposal would immediately bring in diplomatic actions breaching the existing treaty (ies). Sooo ... currently I will read, listen but not raise my blood pressure over this proposal.
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What is the real deal with proposed foreign income tax changes?
wwest5829 replied to webfact's topic in Thailand News
Representatives from American International Tax Advisors. They said they will return next month to update the Chiang Mai Expat Club members. The Club meets on the last Saturday of the month at Meliá Hotel in Chiang Mai. -
Opinion: Making me pay tax is fine but where does it go?
wwest5829 replied to webfact's topic in Thailand News
I retired here from the USA in 2011. I have always filed as required but the vast majority of years my total annual income, Social Security and MRD retirement funds, and a few stock dividends is under the taxable amount. -
Rise in expatriate residence in Thailand prompts tourism benefits plan
wwest5829 replied to webfact's topic in Thailand News
Ah, yes, the Kingdom of Thailand National Parks. Great land with scenic holdings. I think there is a great opportunity for attracting tourism IF Thailand development their National Parks akin to what I experienced growing up in the USA. Scenic sites, lodges for overnight or longer stays, restaurants, ... Yes hiking and camping available for those who wish (at age 76 and after camping with my family and Scouts until close to retirement ... bed, please. -
What is the real deal with proposed foreign income tax changes?
wwest5829 replied to webfact's topic in Thailand News
According to the recent tax expert who spoke at the Chiang Mai Expat Club meeting, your statement is false. I think I will listen to those whose business is tax matters between Thailand and the countries having tax treaties.- 57 replies
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I do count myself fortunate. Two monthlong visits to Thailand in 2009 and again in 2010. Followed up by my first eight months retired here. I was a fat boy in a candy shop … literally. Tried the assorted “candy” short time, university student arrangement, visiting the same girl in Pattaya, dating websites. In the end, I found I wanted to be with someone full-time. I suppose I had been “domesticated” over the years. At any rate, opted for having a Thai partner. Now happily married for six years and counting. Of course, I was fortunate as a bare back rider … the girls were all virgins … obviously (said tongue in cheek). Never any STDs.
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I recently needed to transfer $10,000.00 USD from my usual US bank account to my Bangkok Bank Account. I monthly transfer $2200.00 for long term stay without any issue. The one large transfer caused a difference in handling, same as you experienced. So, I did two separate $5,000.00 transfers on two different days and all worked as I am used to.
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A determined Republican Party splinter group is currently holding Congress hostage to their very real threat to block the passage of the proposed budget bill hostage, as well as, shutting down the government (yes, I have a vested interest as I rely on my earned US Social Security monthly payments to live) unless they have their minority demands met. The current House Speaker (3rd in line to the Presidency) is under threat by that group with removal if he does not agree to their demands. What, exactly, is undemocratic about bringing the whole bill, as already proposed and written before the full House for a vote? Same as Sen. Tuberville blocking the Senate from voting on current military appointments, same as earlier, Sen. McConnell refusing to bring the President's SCOTUS nominee before the Senate to debate and vote. these are the types of actions giving credence to the idea that there is movement in the USA toward minority rule.
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Baht depreciation expected to deepen amid global market volatility
wwest5829 replied to webfact's topic in Thailand News
My apologies, I noted your faulting Biden and Democrats without also citing Trump and Republicans. -
Parking pickle: Bangkok condo resident slapped with 20,000 baht fine
wwest5829 replied to webfact's topic in Bangkok News
While I owned a condo for two years, as long as I paid the annual management/maintenance fee, I certainly expected parking for both my car and motorbike. Good to know about this ... should I ever be in the market for a condo in the future I would certainly insist on a parking spot as an owner. -
Baht depreciation expected to deepen amid global market volatility
wwest5829 replied to webfact's topic in Thailand News
So, I can assume you opposed the 2017 Republican tax cuts while not reducing spending?