TimBKK

This is for USA people. I rely exclusively on savings/dividends/capital gains and am not yet eligible to use a pension/social security/IRA. If implemented, the worldwide tax scheme would be a significant additional expense. I keep my money in the U.S. and send only what is needed here. So I asked Perplexity AI: How would Thailand have access to my USA financial data if the USA does not participate in the CRS? Answer Thailand would not have direct access to your U.S. financial data since the U.S. does not participate in the Common Reporting Standard (CRS). However, there are a few ways Thailand could potentially obtain information about your U.S. assets. Reporting Requirements for U.S. Citizens: As a U.S. citizen, you have certain reporting obligations to the U.S. government, regardless of where you live. This includes: Foreign Bank Account Report (FBAR): If the total balance of your foreign bank accounts exceeds $10,000 at any time during the year, you must report them to the U.S. Treasury Department. Form 8938: If you have specified foreign financial assets that exceed certain thresholds (e.g., $200,000 on the last day of the tax year or $300,000 at any time during the tax year), you must report them on Form 8938 filed with your U.S. tax return. While the U.S. does not share this information with Thailand directly, the IRS could potentially share it with Thai authorities under certain circumstances, such as a tax treaty or agreement. 🤣Voluntary Disclosure of Information🤣 You may voluntarily disclose information about your U.S. financial accounts to Thai authorities if required for tax purposes in Thailand. However, you are not obligated to do so unless Thai law specifically requires it. Requests for Information: Thai authorities could request information about your U.S. financial accounts from you directly or from U.S. financial institutions under certain circumstances, such as a tax investigation or treaty request. However, the U.S. may not always honor such requests, especially if they are overly broad or lack sufficient justification. In summary, while Thailand does not have automatic access to your U.S. financial data due to the U.S. not participating in CRS, there are still some ways Thai authorities could potentially obtain information about your U.S. assets. It's important to consult with a tax professional to ensure you are meeting your reporting obligations in both countries. 👉 My take? Don’t ask, don’t tell. Still undecided about filing a tax return but if push comes to shove, I will.

Thanks. I wonder if that is Australia-specific or a general CRS policy? The data exchange mechanism of CRS seems rather opaque, intentionally so I suspect.

What do you mean by “as long as you admit in your country you are a Thai tax resident”?

I just completed this quiz. My Score 50/100 My Time 114 seconds  

When is Haley’s comet next scheduled to arrive? Around that time.

Never thought I’d say this but in Thailand I’d take a dour, sullen, drunk Russian over any Indian, especially those in Phuket and Pattaya. S*** has gone way downhill since they arrived en masse.

From Perplexity AI: ”What are some notable cases where someone was sentenced to life for a drug offense in the UK?” Khalid Mahmood (2010): Mahmood was convicted for his role in a drug trafficking operation that included violence and threats. He received a life sentence due to the severity of the crimes associated with his drug offenses, including the use of firearms and intimidation

Whoever it was should be applauded.

Apparently, some people are “immune” (not sure if that is the correct term) to the effects of edibles/thc - an issue with liver enzymes: https://www.bostonglobe.com/2021/05/12/marijuana/ediblocked-some-people-cant-get-high-eating-marijuana-scientists-arent-sure-why/

We’re all seen as tourists, let’s be honest.

I just completed this quiz. My Score 40/100 My Time 44 seconds  

Yes, this post is quite ridiculous.

See below, the quality of your time on AN will increase immeasurably. BTW, Apa in Jomtien as suggested by @Thailand J is the right answer.

I just completed this quiz. My Score 20/100 My Time 110 seconds  

FYI, big libgen problems recently but libgen.li still seems to work. Be careful as there is talk on reddit about malicious files being uploaded to some of their sites.

I want to second this recommendation - Narcotopia is a thoroughly enjoyable read. Touches on Thailand in many instances, as you might imagine. Non-fiction (and thoroughly cited) but reads like a novel at times. https://www.goodreads.com/book/show/145624870-narcotopia https://theworld.org/contributors/patrick-winn (Author)

Doubt there is an election anytime soon, Pheu Thai knows they would get their ass thoroughly beaten by People’s Party. Now, in a year or 3, after the Thaksin machine is really up and running, greasing the wheels as it were - well, that is a different story.

AN news stories are stolen, not cited.

FYI my dear Indians, it is one adult per chair.

I just completed this quiz. My Score 10/100 My Time 123 seconds  

Hmm, with this profile and (or maybe especially) if she is from Issan, it is a classic visa denial as these are the types of Thai women who get busted for prostitution in the U.S., generally speaking. The fact that a visa was issued should be quite comforting to her. I assume she has a return ticket? Frankly, nothing seems out of the ordinary to me. Might be helpful if you all have specific travel booked to have those details/evidence with her at entry. Only thing I would add is that if she doesn’t understand a question posed by the border officer, makes sure she asks him/her to repeat it, or say she doesn’t understand it - Thai people hate to do that, face and all, but don’t let her go off on a tangent. Good luck!

The first step to plan an unforgettable motorcycle trip in Thailand is to ignore this article. But, read the comments and enjoy the pics - puts the “article” to shame.

Is that right? That’s pretty sweet, and well deserved . Any idea what silver and bronze get?

Joke of a post, frankly. AI generated drivel.

People think the law doesn’t apply to them. TIT. Maybe @scubascuba3 didn’t have an extra 5 minutes to go the long way?