KhunHeineken
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Everything posted by KhunHeineken
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Good post. I think you will find many countries will be jumping on the "world wide income tax" band wagon in the future. There will be no where for anyone, or their money, to hide. The countries you mention are behind, and I have no problem with people moving to these countries to avail themselves of tax free living until they implement the same as Thailand. Even 3rd World Countries will be forced into the global income tax system. It's just different countries are on different time frames. Times are changing. Mass surveillance is not just on individuals, but also their money. Governments all around the world are broke. They will be chasing every dollar of tax they can get, and for generations to come.
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Your figures caught my attention. I am not sure if this has been discussed before, but for people using the 65k baht per month method for their retirement visa / extension, that's 65,000 baht x 12 months = 780,000 baht per year. This amount must be remitted and proven to immigration. Of course, one may have 800k baht in a Thai bank, or use an agent, but doing it the legal way on monthly deposits of 65,000 baht, at 780,000 baht a year, that would see a tax liability, albeit, a small liability, but unfortunately drawing one into the bureaucracy of the Thai tax system.
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If the day ever comes when Vietnam offers a similar retirement visa to Thailand, there will be a mass exodus from Thailand.
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History shows you can not crush religious ideology, nor can you crush political ideology. On that basis, you can invade and occupy, but not conquer. We have seen this in recent history.
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Same when their bank account is low - ANY man with some money will do.
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True, but like I said in a post to Mike, perhaps start with "baby steps" for members who are trying to navigate through the information about this tax/s. There are some difficult decisions coming up for many expats in the near future. Basically, Thailand may no longer be a value for money retirement destination, and there is a very real possibility some may have to seek out another country in which to reside in for their twighlight years.
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I get what you are saying, Mike, but it's "baby steps" for many on this forum. Let's just start with the basics and progress from there. I know from another thread many are / were under the belief that if their money was taxed in one country, it can't be taxed in another country, which is not correct.
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My understanding is a DTA ensures money is not taxed twice. A DTA sets out which country has primary taxing rights, and which country must give tax credits to the funds that have already been taxed. This is a short 9 minute youtube clip that explains the "myth" that if money is taxed in one country, it can not be taxed in another country.
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Whilst I'm no Musk or Bezos, or a Saudi prince, I don't consider 17,000 baht a lot of money. I see it as another member said, "near zero tax to pay." That said, I do take your point, and I did mention it myself, that small money out of small money could impact the lifestyle of some here. None of what you have posted accounts for a DTA, amongst other this as well. Has the Thai authorities stated how they will process a foreigner's tax affairs in relation to EVERY expat from EVERY country that Thailand has a DTA with? What you have posted is the law in its simplicity. It goes a lot deeper than the five points you posted, for many expats.
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You've done the things I initially would have suggested. Have you tried restarting the computer after installation and then trying to launch the browser? You never know, it could work. Edit: the member BigStar beat me to it.
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Aussies to now enter China visa free
KhunHeineken replied to Pattaya57's topic in Australia & Oceania Topics and Events
It's free for the Thai girlfriend/wife because the Aussie boyfriend/husband pays for everything. -
I disagree. Firstly, many expats remit a significant amount of money into Thailand every year, for a variety of reasons. No every expat here is living off a meager government aged pension. For those who are, you are correct, they will have little tax to pay, but I question whether they are the "vast majority." In any case, even "near zero tax to pay" out of not much money in the first place is going to have an impact on lifestyle in some way. As for the laws only targeting "wealthy Thai's" that's incorrect. It target everyone, it's just some will have to pay more than others. There's no exemption for foreigners. Do you have any advice for the next generation of retiring expat coming through who has to remit to Thailand considerable funds to set up their retirement here? Eg. purchase a property, a car, 800k for the retirement visa etc? I agree. However, information has not been forthcoming from Thai authorities on how a foreigner can remain legal here, in regard to one's tax liability. We all know Thailand likes to use the "grey area" in laws, and I see these laws as no different, but for sure Thailand will not miss out on turning a baht out of it. It just remains to be seen how they are going to do it.
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Australian Aged Pension
KhunHeineken replied to VOICEOVER's topic in Australia & Oceania Topics and Events
So what's that tell you? -
How Do I Get A Mirrored Image From Laptop To Smart TV.
KhunHeineken replied to Mason45's topic in IT and Computers
As others have suggested, you can cast or mirror, but have you considered just a simple HDMI cable from your laptop to your TV? It doesn't get any easier than that. -
You get what you pay for with a VPN, and not all VPN's are made equal. As the saying goes about the internet, "If the product is free, then YOU are the product."
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I would tell him to hold off on the decision until April 2025 to see how all this plays out. Also, for that sort of money, he could have in house care for 16 hours a day, so no need for a care home. Has this been considered? As you mentioned in another post, he's best to leave his assets in the UK and transfer money over as needed. That's not just due to this tax, it's common sense.
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Yes, they will still come to Thailand. That's because even though this tax screws them around, they will get to screw around in Thailand. On a serious note, these care homes will probably offer an all up package, similar to the big hospitals in Bangkok for medical tourism. You pay them, and they take care of everything, including any taxes that may be owed.
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Aussie craft beer in Thailand
KhunHeineken replied to Mekmong MICK's topic in Australia & Oceania Topics and Events
He's got nothing on this guy. You might even recognize him. A true blue Aussie leader. -
Australian OAP Taxation Issues.
KhunHeineken replied to Will27's topic in Australia & Oceania Topics and Events
No. How many time have I used the words, "many expats haven't been back to Australia in several years?" This means the 183 day rule, every year, is applicable to them, does it not? If not, how do YOU propose they remain a tax resident of Australia without returning for 46 days and meeting one out of a remaining three factor tests? Currently, they can say they are still "domiciled" in Australia, which is a loophole I use, as do many of my Aussie friends here. Where one is "domiciled" will become irrelevant when the proposed changes are passed. Immigration know when you were last in Australia. Do you agree? Yes, or no? For those who have not been back to Australia in the last several years, the 183 day rule, the bright line test, is applicable to them each year after the proposed changes are passed. Do you agree? Yes, or no? This needs clarification. Under the current 90 year old laws, myself, and many others, are just on a "long holiday" abroad. The proposed changes will see some have to return for 46 days, and meet the factor tests, where we didn't have to return at all because of the loopholes in the current laws. That said, I do take your point, but will further point out Labor is considering increasing the 45 days to probably 90 days. Obviously, 90 days is less "better" than 45 days. "Better" well, not compared to the current laws, but once again, I take your point. I do see an opportunity for people to exploit this, so the government my close it in the future, but that's something for further down the track. So, you are posting for the minority and not the majority. I am posting for the demographic that I think is the majority. Many here boast about how long they have lived here. It's like a p*ssing contest for who has been here the most years. It's not just Aussies, it's all nationalities. In my opinion, it's these people who make up the big numbers for the 183 day rule bright line test. They haven't been back for years. These people are a non resident for tax purposes now, and will be a non resident for tax purposes when the proposed changes are passed. The 183 day rule just makes it so simple for the government to tax them, that's all. The proposed changes make compliance and enforcement so much easier for the government, that's the main purpose of them. -
All the more reason for a generic link show all options. Budget is always relevant, especially when it come to electronics, where sometimes the sky can be the limit. Which is what the generic link to Lazada did. "Baseline" specs and costs, up to high end specs and costs. I was going to suggest the OP look at a "normal" router that has a 4G fall back. This would give the OP the option of either a copper or fiber connection in the future, without the need to buy another router, but these routers cost more, don't they, and you say budget is irrelevant.