timendres

I have several ex-staff I keep in touch with. They are software developers. The average salary between them is about 70,000 THB per month. One is making 60k and his girlfriend is making 80k. So combined 140k per month. These are not "impressive" salaries, if you asked them.

Personally, I would prefer that they apply all of the savings to the debt. After the annual deficit is eliminated.

Bagel with cream cheese. Paris ham. Espresso.

Sizzlers is not a place I would choose for steak. It is also not a place I would choose for salad.

Well, in theory, your family will need to report your support as "income". At least in the USA this is the case. If this is not the case in Israel, then fabulous!

I do not understand why they would not just get permitted and be legal...

I believe that, if you declare all remittances to Thailand, and pay the taxes due on those remittances, you will have no problems with Thailand. However, if you reside in Thailand permanently, and have no clear evidence of any income, Thailand will eventually get up to speed enough to look closer. Since your Wise account is not a Thailand account, then moving profits to that account does not constitute a tax event in Thailand. Only the money you actually remit into Thailand is assessable.

It might help to know what your home country is. You mentioned that your IB account is in the US. So I assumed you are a US citizen.

Anyone who knows the history of the US Constitution understands how absurd these comments are. There are solid reasons why the US is a Republic, not a Democracy. And it is so relevant in these current times.

At this moment in time, the only "tax event" you need to be concerned about is money remitted into Thailand. How you report the remittance depends on the "source" of the funds. If the funds were entirely from profit, then the amount remitted to Thailand would be considered subject to Thai "income tax". If you are a US citizen, like me, you will need to report your trading profit/loss on your US tax return. If you have paid taxes on any moneys you remit to Thailand, then you need to refer to the DTA for your country. For example, as a US citizen, if I remit to Thailand, and owe taxes on the remittance, I can deduct the taxes already paid to the US treasury. You mention using Wise. However, this does not eliminate your obligation. It merely suggests that you could possibly "hide" it. Not a solid long term strategy IMHO.

He apparently has an "agent" helping with those negotiations.

My only concern would be the account getting hijacked. Very unlikely, but not impossible. Closing it relieves you of the possibility of being dragged into something unpleasant. If that does not concern you, there is no real reason to close it. Also there are certain conditions under which the bank will close it for you. (min balance, etc.)

November 28, 2053 -- Thai government considers moving capital from Bangkok to Nakhon Ratchasima. Ministry of Interior tasked with exploring...

Wait until we find out that he comes back every week to pull the same stunt...

They seem to me to be no more crazy than all of the other drivers on the road...