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mfd101
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Posts posted by mfd101
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11 minutes ago, bubba said:
Why would it be considered dodgy if you have an investment portfolio and sell off assets such as shares as you need the money? That is easily verifiable and for many, it works out to much more than 65K baht/month.
Borrowing & paying it back. The shonky types would be more likely to do that with an averaging system that allows them to borrow & pay back, say, once every 4 months, than with a monthly minimum system (because of the credit costs potentially involved).
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4 minutes ago, Sheryl said:
Whether they will still allow the combined method and whether they will allow for flunctuating monthly amounts if they average out to 65K/mo, are big questions....and important
Most likely a MINIMUM of 65K a month. An averaging system would allow for too many dodgy work-arounds.
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9 minutes ago, bubba said:Correct me if I am wrong, but I believe the requirement for income does not require funds being transferred into Thailand.
It would be surprising if that were not the quid pro quo for the loss of the Embassy letters. If not immediately, then down the track just a little bit ... Meantime, we should be preparing.
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So there is hope for this benighted country after all!
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3 minutes ago, JackThompson said:I just imagine the conversation, "No, the 'adjusted-gross-income' used to determine tax-liability includes deductions (including standard, not itemized) which do not reflect any actual reduction to my gross or net income."
I already had a [simplified] conversation along those lines at Kap Choeng on 10 Oct. I had [helpfully but stupidly] included my Oz federal superannuation doco, which shows FORTNIGHTLY gross & net income. (Most people in Oz are paid fortnightly.) So I showed the annual (x 26) & then the monthly (÷ 12). And oh the glazed look I got as I sweetly explained it all ...
3 minutes ago, JackThompson said:I think our only hope is that these get a cursory-glance, provided the bank-letter shows the min-income being transferred into Thailand.
Yes, I think the new 'Embassy income letter' will be the 'Bank balances & incoming letter'. The rest will be just bumpf we have to cart along to look good but they won't do more than pretend to glance at it.
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And then there'll be training to read UK & Oz docos, and then they'll need Danish language skills ... Immigration offices will be closed: 'Everyone at training school for next 6 months'.
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Thank you to PFV. Reasonably enlightening for the anxious thousands of us.
4. is fine. 5 & 6 are disturbing - they show how ill-trained the Immigration officers are. 7 is about where we've mostly been & still are. 8 is a key point for many of us but obviously still up in the air.
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Perhaps they've all retired to the pub and are currently falling off their barstools ...
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25 minutes ago, Chris Lawrence said:
FORMULA 1 2018 ETIHAD AIRWAYS ABU DHABI GRAND PRIX (sorry for the caps as this came off the F1 site)
23 -25 Nov 2018 Yas Marina Circuit, Yas Marina. Just a heads up to the lads as to where he may be this weekend. Last race, big party. Ye ha
Well, in these circumstances the Saudis would certainly have a cunning plan.
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1 hour ago, KittenKong said:
To have the UK governed by referendum would be stupid simply because most of the population are morons. Just like every other country. They mostly dont know what day it is let alone what Brexit implies.
Yes, you've put it rather less delicately than I did.
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The bit about 65K EVERY month (not just an average) is important. Obviously still tbc but we should act accordingly meantime.
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4 minutes ago, Issanjohn said:
Well the rules aren’t changing they’re just being more strictly enforced so it’s not about preparing for the worst it’s just about making sure you are following Thai immigration laws and it’s really as simple as that. People are acting like everything’s changing and it’s not. The only thing that’s changing is that sometime next year Thai immigration won’t accept the income affidavit from the embassy anymore which means they’ll have to verify our income in a different way probably by Thai bank statements, pension letters etc. As long as you are following Thai immigration laws you shouldn’t have anything to worry about. Although this transition period with the income affidavits might be a bit of a hassle. Besides that it’s only gonna effect people here illegally for the most part.
I don't think that's an accurate representation of the situation.
I've been following the rules with an OzEmbassy letter the last 2 years since I arrived to live permanently in Thailand. But now - for whatever reason, good or bad - that's no longer going to work for next October when my next renewal falls due.
So NOW I have to prepare for all future possibilities which, in the Thai way of doing things, may become clear only at the last minute or remain vague, ambiguous & changeable at all times ... It's called self-protection. So NOW I am starting bi-monthly transfers of funds to my Thai bank account and preparing, at least mentally for - around May next year - selling shares in Oz to have 800K฿ to lodge (as worst case - but it would also function as a partial health self-insurance fund ie one can always look on the bright side ...).
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The issue is one of direct democracy (ie referenda) vs representative democracy (ie voting for your representative in the Parliament & the Parliament then decides). The record suggests - & the Brexit referendum rather confirms! - that direct democracy is fine on a small scale (eg local town or village) and in relatively small countries that have no current issues stirring up hysteria on a grand scale (eg Switzerland).
To have the UK 'governed' by referendum however is just stupid because of the size of the country, social & cultural complexity, and the strategic importance of the issues. David Cameron has much to answer for with his negligent, noblesse oblige approach. He should have made it clear that, in Britain, a referendum is simply a government-organised survey of public opinion, with NO binding effects on Government decisionmaking. But that is history.
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7 minutes ago, Issanjohn said:
If you have to do your extension after next summer I’d start preparing Thai bank accounts as soon as possible just in case but that’s just my own personal opinion. I think it’s safe to be prepared ahead of time as early as you possibly can.
Yes, we can all hope for the best, but should NOW be preparing for the worst. And that applies to everyone - rich or poor, or - as I think most of us are - somewhere in between. We should all be considering carefully how to meet the worst possible new rules that MAY apply to each of us, and we should be moving the pieces on the chess board - Thai bank account, best (cheapest) ways to move funds etc.
This is a very unThai thing but we are all well aware of at least one cultural advantage we have over our Thai friends: BE PREPARED.
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23 minutes ago, AlexRich said:
You are indulging in wishful thinking. It is very likely that, faced with "no deal", remain MPs across the House will force a vote on a second referendum ... you not liking that does not mean that it cannot happen. They have the numbers in parliament.
WHOEVER has the numbers in the Parliament has no need - legally or constitutionally - of any referendum. Politically however it would certainly be sensible - for EVERYONE's sake - to hold a 2nd referendum on the terms negotiated for putting the first referendum's outcome into effect.
But that might just be too rational for the British, or at least the English.
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1 hour ago, simon43 said:
You mean I have to get married..... again!?
I would cheerfully go the marriage route but, unfortunately, my Australian civil partnership with my b/f is not [yet] recognized in Thailand ...
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Morrison starting to settle into his new job. The next 3 or 4 months are make-or-break before the Federal election.
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13 hours ago, KiChakayan said:
Ohhh you remember WW2, I remember the One Hundred Years War. Please don't be ridiculous.
I guess there are a few like you across the Chanel, but I don't think even Farage or Johnson could have written such nonsense.
Yes, fairy stories are still popular in Merrie Ol' England. St George and the Dragon doing particularly well.
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21 minutes ago, Sumarianson said:I hated Margret Thatcher but I must say, she would have solved this by now and got the deal she wanted and not Europe. Exit without a deal and pay no more money to them
Thatcher wouldn't have been stupid enough to hold a referendum. She knew that 'leadership' means defending The People against their own ignorance & irrationality.
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6 minutes ago, totally thaied up said:
And if the Embassy did this, I would be very, very angry with them as this is a privacy breach. My privacy is just that- MY privacy but so many people here are so ready to sell it down the river, I cannot believe.
Don't worry. What was written about the OzEmb having access to Centerlink or ATO details is rubbish. Just the usual paranoid drivel from some people on this site.
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47 minutes ago, jackdd said:But what you say is just wrong.
There are many statistics about this, just google something like "median net worth retirement" then you will see that the median for retirees in western countries is somewhere in the millions of THB, so most of the retirees can afford 800k on a Thai bank ????
Doubtful conclusion from a suspect input that almost certainly doesn't apply to a majority of expats living in Thailand ...
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Lemmings all starting to line up for the race to the cliffs ... At least this should put an end to the anti-UK/US/Oz Embassies outbursts.
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And the irony is that the Brexiteers want a 'soft' Irish border.
Well, as they crash outta Europe, the one thing that's unavoidable will be a 'hard' border, and that includes for Ireland. Tsk tsk.
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1 hour ago, OneMoreFarang said:
It seems they do it the wrong way around.
Some minor officials from the UK and EU worked out something they would sign.
And now this draft will be shown to the people in charge and it is known already that they have other ideas and there won't be a majority about what the minor officials decided.
That seems like a total waste of resources to me.
I think the main players should agree on the big pictures first. And they should make sure they have a majority for this on both sides of the channel. And after they have that agreement in principle then let the minor officials work out the details.
Why don't highly paid politicians grasp these basic concepts?
As one of my bosses used to say to me: You're being rational again!
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FYI - U.S. Consulate Chiang Mai town hall meeting November 20th Chiang Mai University
in Thai Visas, Residency, and Work Permits
Posted
I'm not talking about share sells in particular. I mean people who really don't have the minimum of 65K a month. They could in theory get around that (in the same way as the 800K in the bank for 3 months people can do) by borrowing funds from a lender of whatever kind, pay it into their Thai account to reach the minimum average over time, then withdraw the funds & repay the lender with interest.
That is - it seems to me - less likely to occur if the 65K is a monthly minimum, not an average.