Dogmatix

Not sure if they really can borrow enough. Government debt already over 60% of GDP and consumer debt is over 80%. Along comes the roadshow clown in red sox with a plan handed to him by some joker to borrow another 2.7% of GDP to generate incremental GDP of 2.7%. Wow this is magic he said. Let’s do it. What could possibly go wrong? But what do we do after that? Keep on begging low end tourists to come from the motherland. They will come to our rescue.

That's right. There is also a flat rate of 15% on interest applied in exactly the same way as dividends. The other important concession is on Thai immoveable property sales on which there is a complex formula to charge tax at the Land Office on a transactional basis. It is not a capital gains tax and you also have to pay, if you made a loss but in most cases the tax is not more than about 5% of the appraisal price which may be a lot less than the actual transaction case, as sellers and buyers routinely understate the price. Take an example where a seller sells property he bought for 100 million for a 30% profit. Tax would be around 6.5 million, assuming the actual sales price were declared. But if that were proceeds on an overseas property remitted to Thailand, the profit would taxed at 35% and tax would be 10.5 million. Taxing all overseas income at up to 35% is an incredibly stupid thing to do, especially when they give concessionary rates on all types of investment income in Thailand. There is just no incentive to remit money and reinvest.

Does Thailand have a winter? No. Whoops! Most of the tourists come for warm weather in December like the Mediterranean summer. The clown will put people off from coming, if he convinces them it will be winter. What an idiot.

The clown in pink sox should give the digital wallet to Chinese tourists. Make it 20k and it will still be cheaper than giving it to Thais. That would guarantee an increase in the Chinese tourism he is panting for. Thais have no idea why foreign tourists come to Thailand or why they stop coming.

Sorry to say that, if you can read and understand Thai, you will understand from the Thai media coverage that the English version is complete nonsense. The tank referred to was not a water tank at all. It was a fire extinguisher but some bone head translated that as a water tank because in Thai they use the word "tank" for both. The bomb was assembled in a fire extinguisher cylinder which, like cooking gas cylinders, are commonly used by insurgents to make bombs. The cylinder creates pressure for the explosion and, as it disintegrates it makes dangerous shrapnel fly around. If you look at the videos of the explosion. You can see the remains of the cylinder the next morning. In the TV clip there is no mention of the water tank or the alleged heroic action of the shop owner. That was a complete invention, probably by a farang trying to make an interesting story from a garbled translation. The article was ascribed to reporters James Morris and Son Nguyen and I would be willing to bet that neither of them can read or understand much Thai.

I wonder, if it is taxable. They probably haven't got that far in their thinking yet.

So great. They've now downgraded it to a means tested vote buying hand out and cut out 12.5% of the recipients to rebut criticism and put the blame on the governor of the Bank of Thailand who would prefer they scrap the whole scam. But they still haven't explained how they will fund the reduced amount of 490 billion which is a big problem only slightly smaller than it was.

No.

No. They didn't vote for this criminal's party and his clown of a nominee PM in pink socks.. They voted for some one else to be PM.

So Thaksin had acupuncture. Love Ung Ing's tiara. It really suits her.

A peculiar comment by Anutin. It does sound as you say that Anutin is trying to make out that Chada accepted a large dowry from the suspect with no idea that he was a criminal and he was receiving ill gotten gains. But if, as is likely, it was a very substantial dowry, Chada must have had his suspicions about how a lowly local mayor could have acquired it.

This was a big raid on 8 different locations with several high level cops and officials from the PACC which deals with public sector corruption. It must have been sanctioned from the top of the police force. Thaksin was obviously not happy at having to give up the interior ministry to BJP as Anutin's price for supporting Srettha as PM but had no choice. Thaksin is an ex-cop and has always promoted police interests above other agencies. Anutin and Chada have already got above themselves usurping police powers, as in the raid on a Patum Thani pub without any police involved and drawing up death lists of local kamnans etc. This looks a bit like a power struggle to stop Anutin and Chada off police patches. A bit loss of face for them that mafia local officials are lurking in Chada's own family when he is claiming to go to war with them but, of course, keeping all the details secret which is highly suspicious. If the Interior Ministry has information of criminal activities amongst local officials appointed by the ministry itself, it should provide all the information to police and conduct an internal investigate as who in the ministry appointed all of these criminals and why.

If you google Chada you will find a lot of unsavory cases he has been implicated in in the past, including murder, drug and firearms offences. He has always managed to walk for lack of evidence. One of his sons was killed in a road rage incident when two of his sons allegedly opened fire on another driver who unexpectedly returned fire and killed the son. Chada's parents and his brother were all murdered in gangland style assassinations.

But what if the are actually proposing to amend other parts of the constitution?

The purpose of a DTA is to prevent double taxation. That can be interpreted as we tax this and you don't touch it, or it can be that you tax it first and and, if our tax rate is more, we'll take the difference. The latter is what happens to Americans working overseas. If the US tax rate is more, Uncle Sam will have the difference. So why not Thailand?

The new remittance tax will be great for these therapists.

During the attack, the owner of the department store, which sold gold, picked up a 20 kg explosive device and threw it into a tank after it was placed against the front door of the premises. This is complete nonsense probably translated by a moron with hardly any knowledge of English and tidied up a subeditor with no knowledge of Thai. If you at Thai media accounts of this, you will see that that they the attack took place after 1.00 a.m. when the owner wasn't around. The bandits had made a bomb out of a fire extinguisher. There was no tank.

Nothing to do with this pathological liar is believable, except that he was guilty of corruption, as charged, despite his protestations of innocence before he was forced to admit to his crimes and express remorse for the thefts to qualify for a Royal pardon.

"May be taxed in the contracting state where the property is located" does not mean taxing the income in Thailand is prohibited in Thailand. That would only be the case, if the wording were "....shall be taxed in the contracting state where the property is located." That allows Thailand to choose between: not taxing it at all; allowing a tax credit and collecting the difference between Thai and UK tax, if Thai tax is higher; and charging full Thai tax and giving a Thai tax credit. The RD has already suggested it would allow tax credits. The UK DTA is very clear in saying that only civil service and local government service pensions shall only be taxed in the UK. The state pension is not covered by this.

It was not from an advisory board. It was from the director-general of the RD.

I am not sure it matters whether the recipient Thai bank labels an inbound remittance as income or something else. That is an internal matter for the bank. The RD expects tax residents to declare income by themselves. They may get details of remittances from banks but I think the bank description of income probably just means inflow. If it is over 50 USD or used to be that much, the bank has to ask you for the purpose, but not the source, and report to the BoT (not the RD). The choices for foreigners are I think living expenses, purchase of condo etc. I was told by the bank officer that loan was not acceptable for foreigners but OK for Thais. If under that amount, it seems to just slide straight into your bank acount with no questions asked. Of course it will be very easy for the RD to get details of all remittances to individual accounts.

But the Prayut govt, despite cosying up to China couldn't agree terms on the railway because China was far too greedy, treating Thailand like a desperate African country and wanting control of everything, including land alongside the rail tracks.

Hit the nail on the head. Thais don't care because they have no idea who the sod is.

No it sounds like a lot of details are BS. Scanasia articles are usually low quality and probably should waste our time with them on AN.

If the British partner agreed he could forge his signature, why didn't he sign himself? Anyway it sounds as if the business was going to go bust anyway. So the British partner would have lost everything. Now he is trying to get 17 million from this couple.