
Presnock
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Legal Strategies to Reduce Thai Tax
Presnock replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
Well, not to beat a dead horse so to speak, but even "reputable" tax agents do not have the ENTIRE story yet as the Thai RD still has not gotten all the approvals that they must need so there is no one unless someone believes in an omnicient diety that can provide definitive what will or will not occur once the RD does put out "official" guidance. From this forum we see regularly that even the local RD officials do not have any clues nor have all of them been schooled on what will be the final package. I for one will not be affected by whatever they do as far as taxes are concerned but everyone needs to relax unless something does come out that affectsl everyone or just 1 or 2 or none of us. take care all and good luck -
Legal Strategies to Reduce Thai Tax
Presnock replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
google squatters and New York for details -
Red Bull Heiress Sues for Defamation Over Son’s Hit-and-Run Scandal
Presnock replied to webfact's topic in Thailand News
must be waiting until the time limit on the remaining charges...haven't some already been dropped due to that reason? -
Big Thailand visa changes from June 1
Presnock replied to snoop1130's topic in Thai Visas, Residency, and Work Permits
folks still don't understand the LTR visa - re-qualify after 5 years...1-year just you or your agent can report your current address (that is if you spent the year in Thailand) each exit out of Thailand does like the 90-day report for the yearly report - that is, it resets your yearly report to 365 days in the future. amazing that so many still pass on erroneous info re the LTR - obviously some kind of regret that they don't have one or can't get one. The requirements and benefits are open-sourced so just some lazy folks. -
I did a quick google on international school fees in CM - those schools that did not provide their fees there were ones I am already familiar with as my daughter recently completed shools Chiang Mai International. Her local college fees are cheaper. Prem is very much more expensive and if one reads about a particular school, then they can contact that school for the fee. CMIS bought an online teaching program several years ago so that when the pollution is too bad and the schools are ordered closed, their students don't miss any academics. They also have renovated the school facilities recently and included among benefits - two air purifiers in all classrooms. Even if other schools remain open during extremely high pollution reports, CMIS will do online teaching so that their students can remain in class but in their own home. There are several great international schools in CM, some are geared towards EU standards and others US standards - be sure to check that a school does have international standards approved to insure students can easily go to college overseas. Both of my daughters have done highschool in International schools and both are either doing great in college or one is done with that and is working in a very successful job in the US. The older one went to international schools in Thailand, the PI and graduated in Rome. They also get a great culture awareness benefit and learn to better accept those that are from different races and nationalities and thus they themselves are better accepted by others. Not all, as in many IS the local rich also go in preparation for overseas colleges - some are great, others just don't outgrow some bad characteristics. If one choses to go to a CM school, housing for transportation to the school is a definite investigation too. Good Luck wherever you choose to send your child/children.
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previously here, "kids" went their way, had babies and then left them to be raised more or less by grandparents. Now grandparents are too old or refusing to do the daily care as they can't afford it either so those that get married get a cat or dog, keep puting the "having babies" down the road so to spead as the cost of their own selves is just about beyond them. Then they read how useless much of the schooling is and see from their own experience that no change has come about so they delay having any kids too. The costs of raising children in many countries, especially some developed countries too and their birth rates are also falling. In many countries, immigrants will probably outnumber locally-born citizens. this has always been the case for the US as their immigration laws have always been to allow higher numbers of legal immigrants than most countries and at the same time the US is "swamped" by millions of illegal immigrants so the workforce continues to grow instead of decreasing as in other countries that are now being forced to ask retirees to return to work or raising retirement ages of workers. One Thailand forecast (not sure how valid of course) was that at the current birthrate, within 30 years the population may be cut in half. Latest census reports for some countries also show a remarkable decline in populations.
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Apology from Pattaya Pub Guards after Assault on Tourists
Presnock replied to webfact's topic in Pattaya News
probably their antics are minor to the locals' actions., which could easily be true in the US since so many can carry... -
Poll/Survey: Expat Tax Residency Status
Presnock replied to Skeptic7's topic in Jobs, Economy, Banking, Business, Investments
I only have a US govt pension which according to the DTA is not assessible in Thailand plus I obtained the BOI LTR so am exempt on any foreign remittances so I will do nothing different unless they do add that even with nothing assessible, one who stays more than 180 MUST get a tax ID and in that case I will get an ID number IAW the new law which would have to be amended since it now states that one must get a tax ID number within 60 days after remitting assessible funds into Thailand. I really do not believe they will be able to even begin processing all of the input from ex-pats and it will be interesting to hear how many Thais are actually affected if any. -
that is why we must wait until the Thai revenue department comes out with the final paper explaining how THEY are going to interpret our incomes if at all. They might realize at some point that with all the different incomes reported from around the world and the 61 DTA's that it is too complicated and they take the easy way out...possibly why they are saying "voluntary" filing of tax forms to see what drops out.
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I don't have a persecution complez, I am an American and basically could care less what you think ...I have my opinions based on my upbringing, education, career, living in many different countries and cultures. You on the other hand definitely seem to have a complex. Sorry for you. Anyway, bye bye end of my comments on this situation.
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ask Iran
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well you could always go to the middle east area and join some radical Muslim jihad against the west. They have enough problems of their own trying to come to some agreement since the mid 600's after Mohammed passed away and trying to decide who is the real leader...they gladly bomb and kill each other while keeping a foot on all female education. I am an American and proud of it...I do not have to agree with what the Israeli's are doing in the Gaza strip but if I was an Israeli and Hamas attacked my country and killed innocent folks in October, I definitely would want to destroy Hamas and feel thatis that Israel wants to get rid of Hamas which the Palestinians have allowed Hamas sanctuary to carry out reglar attacks on Israel.
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you need to do some reading about Iraq...that actually began in the early '90's as Sadam invaded Kuwait...then he did created other anti-western activities, leading the US and other EU countries to smack him. An ugly situation for sure as the west drew the borders of today too long ago and never really thought about the resulting problems. This has been going on for centuries as too western countries took over and stole from countries around the world. The US only ruled countries that had been ceded to them by other nations and the US has given or offered total freedom for those countries. Some still refuse to become free states as they get too many benefits from remaining within the periferals of the US. Some are still waiting for statehood although free nations.
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query the military which can't fulfill their voluteer quotas anymore although salaries and retirement for the military have increase quite a bit and they can retire at a much younger age with enough money and health care for them to do well. Most private retirement funds have dried up and folks just don't make enough to save what they really need in retirement. Folks too are tired of spending so much money overseas for those that really don't support the US anymore. Yeah some folks make a lot of money off of war but those started rich anyway and just get richer. Too many folks dislike the US because they are jealous of the opportunities that do exist and many younger Americans just don't seem to see the same opportunities. What I guess bothers too many foreigners is that success was born due to immigrants as they are the ones that built the US and instilled the spirit which seems to be fading among my countrymen. But, I love it here in Thailand and plan to be put to rest here too. I spent a couple of years at war and became a believer in no-war but if push came to shove - even at a ripe old age I would willingly go to help. Good luck to all of us and hope none of us ever has to face a war.
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Legal Strategies to Reduce Thai Tax
Presnock replied to Mike Lister's topic in Jobs, Economy, Banking, Business, Investments
Yes, a lot of folks continue to ask questions of all kinds based on their individual situation and yes, many others may be in the same type situation but since readers of this forum come from a variety of countries, many with DTA's and totally different tax situations in other countries and several generous individuals have given freely of their time to try to answer as many as they can but in a majority of the cases over the last few weeks, I fail to see WHY folks don't seem to understand that Mike and the other generous folks can not predict the future nor can they be all-kowing in many tax situations - many haveadvised everyone using this forum or listening to tax agents, seminars etc, they are only guessing at what the final interpretation by the Thai Revenue Department/govt that might or might not affect all or none of us so we need to give these generous guys a hearty thanks and a break from the oft repeated and possibly off the wall tax questions. Again, from the beginning I was totally ignorant of all the local tax laws...fortunately, I didn't break any Thai tax law as my pension is a government pension. I didn't know that about the remitting funds, etc, gifts any of that stuff nor about the DTA but, shortly after this forum let us know about the new interpretation, I read what Mike and others put together for general reading and always the advice that has been passed on - NOTHING that anyone tells you is definite about the new interpretation until the final comes out...I researched the documentation of the Thai's, the DTA so that I learned entirely about my particular situation. I know for sure I will not be affected unless everybody is affected and laws/treaties are changed so although I read this subjecet regularly, I am amazed that Mike and others have as much patience as they do, repeating over and over the same stuff. Again Mike and Co. thanks for helping me out a long time ago! Take care be healthy and safe. Enjoy this lovely country and great available food. -
Hey, how about the latest where Putin put out a paper saying that he plans to draw the Baltic Sea coasts anew, taking property away from several NATO countries...shown on some media of Russian troop landings and other military activities. At the same time a 3rd senior defense official has been replaced by Putin recently. A lot of activity just after his visit with his Chinese buddy.
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Most people just bury their heads in the sand so to speak and then there are others that are buried totally. My opinion but obviously in a different world.
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Yeah, and if folks think that many senior military like those in Russia will maybe take a stand against Putin...has anyone noticed that 3 of the top Russian military have been removed due to "corruption" recently? On top of this many have died in the Ukraine plus Putin has a habit of losing some former supporters due to high balconeys and "natural" causes or plane crashes. Little Rocket Man may be the spark so the Chinese and Russians keep him up with the latest in war machines. Scary for sure. Japan and Taiwan folks must sleep lightly if at all. Hope is about all that is left.
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well all of EU could be speaking German, Asia could be speaking Japanese or Chinese only but as shown by the Koran "War", the US became tired of wars. They continue to have the UN spread out the cost somewhat and continue to fight in other countries so that there is no real war on the US soil. Now there is an invasion from the southern border, millions literally who have no love lost for the US, only hate for their own countries or are possibly even agents from known anti-US autocrats around the world. Russia just possibly sent up a rocket to low orbit that might be able to wipe out US satellites there that control many activities of the US and other countries. China wants a return of Taiwan to the mainland plus control of the western Pacific. If any country thinks that the US could win a nuclear war then they must have had their heads in the sand - there will be very few winners in my opinion left on this rock that is being destroyed anyway through "natural" evolution of societies be it good but in this case bad. Unless the world wakes up soon it will be a moot point anyway. This is my opinion - a baby boomer so OLD and lived and worked around the world - seen too much to think other than what I just wrote above. I do wish the best for all on this forum and my family still in the US and have no plans to ever return there as I love living in Thailand even though it also is not perfect in all ways - though there is no Utopia on this rock for me.
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Foreigners and their overseas income: what next?
Presnock replied to webfact's topic in Thailand News
I agree...national tax US no matter where we earn it or where we are residents, in addition, if in the US, most likely a state tax too, some district taxes, some city taxes, and property taxes where they continue to raise the value of the property...in many states now the average national wage earner can not even think about buying a house! In San Francisco, Calf. there are no houses for sale under 1 million dollars according to the media. Hospitalization is now zooming and health insurance cost is getting prohibitive too. Big pharma prices also continue rising to enable them get record profits each year. Just look at the people, ask them - very few are happy with the current situations throughout the country. Now one would think that with a national election, select a "new" president, that things might look better after November....dream on as the two leading candidates are WWII baby boomers and mentally both seem to have lost it yet their party has no one else waiting...so the losers are the citizens AGAIN, with on candidate promising lower taxes for the rich! Go figure. Best of luck to all especially those of us lucky enough to live here in Thailand. -
Migrant Workers Occupy Korat Home of Thai-Australian Couple
Presnock replied to webfact's topic in Isaan News
wow! sounds just like New York except although some illegal immigrant has taken over one's house/property when the owner may have been on vacation...except the owner can't just kick the illegal immigrant out of the property, they must go to court, have a hearing (sometimes more than a month) and then although utilities are in the owner's name, if the owner has the utilities cut off, the NY athorities see that as a crime against the illegal immigrants! Some immigrants have already put this occupation of a vacant property online for other illegal immigrants to copy. World definitely has gone MAD! in my opinion. Seems like every day now we hear stories about lack of police action for crimes or are they just being reported now?- 63 replies
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58 injured Singapore Airlines passengers still in Bangkok hospitals
Presnock replied to webfact's topic in Thailand News
Strange, I am 77 and have been flying internationally for over 50 years and ever since I began flying on these flights, it has always been recommended that althought not required to buckle up during the flight, one should do so anyway. I always taught my family that from their first and last flights. Guess folks just too lazy or ignorant of what can happen. Over the recent past even, numerous flights have experienced turbulence and injuries and even deaths have occurred and media has reported this. Just saying, RIP to the two Singaporean passengers and hope the remaining 58 in the hospital recover completely.