Presnock
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Everything posted by Presnock
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well, I agree that the pain will be felt by us long-termers with family here and schooling here but I am already taxed by the US govt on my pension and others probably too - hopefully our DTA with Thailand will protect us or give the US govt some incentive to assist us. But at the very least, we can get a US tax credit if Thailand does tax monies before we get it here. Hopefully all a moot point and some Thai folks will come to their senses that these efforts are in vain.
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Thailand aims to be global hub for skilled foreign workers
Presnock replied to snoop1130's topic in Thailand News Headlines
yessir and as they become tax residents, how are the Thai govt going to be able to entice them to stay or more to come...still very few getting non-taxed ... aren't the govt agencies working together or what? -
Thailand has applied for membership in the OECD but it takes years and they need to meet all the qualifications...odds are the govt will change and the new one might not want to join the OECD though they do have some agreements currently with the OECD. Once the final bill(s) are published, then we will see what we as expats need to do to be happy.
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Maybe they think this and blv they will reap big $$$ from those having to leave sooner rather than later but, if there is a mass exodus now, you can bet there will not be any replacements coming from the free world that would buy condos, houses, cars, local hospitalization, visa renewals etc. Costly for the current govt for sure in my opinion.
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You need to read it more carefully. The 1 billion baht platform is a Thai based platform and has nothing to do with expats unless they work there and they were supposed to be paying taxes already. This new bit is saying that all tax residents (180+ days a calendar) year, no matter where they are from, the Thais want to tax all of their income, not just that money remitted to Thailand. This seems totally absurd to me for them to even consider it. I thought that they had not even totally come to terms with the original new tax interpretation and then to come up with this...some strange ideas and I really don't think it is workable and if approved will drive many folks away instead of garnering more taxes from expats in my opinion only of course as I am not any kind of financial wizard. Good luck to us all
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In the city of San Francisco, Calf I heard on the news that there are NO HOUSES for sale under ONE MILLION US DOLLARS! I believe that means most of the citizens there!
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Who knows what evil lurks in the hearts of the TRD folks when it comes to finding another possible source of income. Seems unworkable and the 1 billion baht is for local industries...they seem to be looking at the funds overseas of all THAI TAX RESIDENTS. We will be watching this closely for sure....
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not if the water is sold in plastic bottles...read that plastic particles permeate that water. almost as bad as ocean water nowadays...pretty soon we will be advised not to eat any seafood as the plastic exists throughout their system/skin/meat etc.
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WELL, I was always told by those that did retire that the saying is "the first thing one must think about upon waking is "whether today will be a Saturday or a Sunday"" I realize if one practices certain religions, the actual day of the week might change. To me, I always refer to the dictionary if I am uncertain about the meaning of a word - retire/retirement is defined as quit work/no work! and I believe in that!
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well I retired at 58 as I maxed out...if I continued working, I would be earning about 25 cents an hour... I had seen others hang around even in that situation and recalled how they everntually regretted not leaving earlier. If one wishes to continue working go for it...I loved my job but some of my co-workers were of the younger generations and I am not a particular fan of those groups. Wonder how the changing society of many western countries affects the younger generations in such a negative way - one may disagree with my opinion but if so please advise me why people are no longer happy and want to violently disagree with us older folks. Peace to all, be happy, be healthy, SMILE
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What, if anything, would make you move back Home?
Presnock replied to bob smith's topic in ASEAN NOW Community Pub
Hopefully the Thai RD will advise us sooner rather than later if at all about the taxes next year