aussienam
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Not sure what the criminal code is here, but perhaps a case for manslaughter (reckless manslaughter - reckless indifference) in that it would be reasonable to assume a patient was on board requiring life saving treatment, deliberately prevented that treatment by the other driver who didn't care. Of course an autopsy would need to confirm whether or not the patient had a fighting chance.
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Thai FDA Pressured to Tackle Contaminated Grape Import Scandal
aussienam replied to webfact's topic in Thailand News
Bring on the cancer and Parkinson's diaease. Thank you China. And thanks to the greed of vendors selling it into Thailand. I bought 1kg off the back of a Song Taew the other day. Great. I rinsed them with water but probably ingested a good dose of cancer and disease causing poisons. Thanks you a$$h***s. -
Foreigner Wrecks Chiang Mai Stall After Smoking Ban Warning
aussienam replied to webfact's topic in Chiang Mai News
The selfishness with a lot of smokers makes me not surprised about this story. Add that to self entitlement attitude attributed to being spoilt in their first world cultures. "I'll just light up and screw the rest of you. I don't care if it is banned here. I don't care if people around me are offended with the foul smell. It's all about me". -
Thailand’s vehicle production hits the brakes in a sharp downturn
aussienam replied to webfact's topic in Thailand News
Regarding domestic purchases by non-Thai citizens who are tax-residents - I would be assuming a drop in purchases since the announcement of enforcement of incoming remittance tax. I would add condo purchases to that as well as something most will now avoid. Nobody in their sane mind who is going to be subject to incoming remittance tax is going to be buying big-ticket items anymore in Thailand .... unless of course they want to spend more than 183 days out of the country in a calendar year so as to facilitate that purchase - a massive annoyance and inconvenience for most. I know expats here would be only a small percentage of vehicle purchases. Other expats who don't have tax exemptions on their remittances will also leave Thailand. We will all see how this pans out next year if Thai revenue department goes ahead to fully enforce this -
The beach is not world class and never has been. It's dirty, the water is disgusting and uninviting. The source of the rubbish coming into shore I am guessing storm water outlets and insufficient sewer treatment plants. Farang bashing as the cause is also short-sighted. Sure, tourists and expats (farangs) are a contributing cause to the cigarette butts (dirty filthy selfish habit) dropped in the sand, but Thais also flock to the beach and drop rubbish there and from what I have seen, dump a hell of a lot more rubbish than farangs. Most farangs come from countries where we have mostly been taught to clean up after ourselves and not spoil the environment. Of course there are always a$$h***s that don't care. Dropping butts on the street and paths as well means they all end up washed into the sea. I curse people who do it.
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Former Air Force Central FC Player Dies in Horrific Benz Crash
aussienam replied to Georgealbert's topic in Bangkok News
Both ejected, so not wearing seatbelts - not that it seems it would have helped though looking at the torn apart vehicle. The destructive forces that caused that BMW be torn apart like that, means the speed at which this guy must have been driving must have been very fast. Young guy, full of testosterone, bravado, rich, in an expensive high powered vehicle, driving at excessive speed that doesn't allow him to react in time to dangers ahead - what could go wrong? Glad no bystanders were hurt. -
Top 10 provinces for second-hand property sales identified
aussienam replied to webfact's topic in Thailand News
What does it matter anymore for most expats to read this now? The incoming remittance tax and if they do it - the global income tax, are deal breakers for a huge % of us ever wanting to buy property in Thailand. -
Don’t kill the golden goose! Tax reforms may drive away expats
aussienam replied to webfact's topic in Thailand News
Yeah, let's dangle that carrot 🥕 - expats farangs can now pay Thai rates to national parks, ...... but we we are going to absolutely smash you with tax. That's fair? How about it! -
Don’t kill the golden goose! Tax reforms may drive away expats
aussienam replied to webfact's topic in Thailand News
It is getting riskier and riskier staying here. And cost benefit analysis? There is no cost benefit if all these taxes come to fruition. Zero benefit for the expat. In my opinion, now that this is all being proposed, mentioned by government, etc: it means there are many financial risks staying here in Thailand. Global taxation means risk of taxing offshore wealth, sale of personal assets and preserved funds (such as Superannuation) where tax exemptions and discounts would normally mean zero to minimal tax, could be taxed at much higher rates by Thailand. Unremitted money being taxed? Money not destined for Thailand taxed?Nightmare scenario. Massive headaches filing tax paperwork, double accountants (more expenses) and early tax reports for mismatched financial years in countries where tax years end different months. The ones that are 'tut tutting' the rest of us, are generally those who have their own circumstances where they are tax-exempt, pay taxes already via business etc in Thailand, have a tax advantage paying tax here or are just masochists. The majority of us do not have any advantage whatsoever. Anyone buying a condo or a new car this year, or any other big ticket item from remitted money is crazy IMO. You could face a massive massive tax bill, making that purchase a huge capital loss overall and therefore a very bad investment. I will not be buying any more condo or items here, am planning to exit and spending frugally. I may be taxed a bit next year but that will be the last time. And ready for an exodus. -
I wouldn't say it's speculation when there have been several actual announcements made by Thai Revenue. That goes a bit above speculation. Thailand have joined CRS - Common Reporting Standards. There has been this new announcement by Thai government on taxing worldwide income (actually second one I have noticed over past few months). Not speculation. It's definitely cause for concern, not to be dismissed and ignored. Sure, they may backflip or water down the final decision and legislation. But it's definitely very worthy of solid discussion on the implications. Also, there very well may be those in government who become aware of the issues raised in these forums and helps guide decisions. There is a massive amount at stake for expats. I agree with you not to be making rash decisions. I'm not leaving right now. I am playing 'wait and see', like probably most others. But I am formulating contingency plans now as I become more and more aware of potential implications. These forums help raise awareness of things we may not have thought of. As to making rash decisions on buying property, cars etc in Thailand; I'd be holding off on everything that could result in massive tax bills and hold off committing my life more to this country (not marrying, not having kids, not getting into a relationship, not accumulating any more possessions, no pets, no longer lease etc) until it is clear what is going to occur next year. Even if it is still 'wishy washy' (uncertain) when or if it is going ahead next year as well and we are all kept in perpetual suspense, I still won't be committing. I remain frugal this year on spending and my incoming funds.
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Regardless of the amount of tax or definition of 'taxed', if it is below the Thai tax thresholds as per their tax scale, then they can charge tax on the difference. In my case with my Australian private pension, which I am planning to accumulate to near maximum contribution limits, I will be subjected to around 20% tax and more. Insane anyone's pension distribution would be taxed after being paid, but there it is. The new status quo and if there is no way out of it, I am sadly leaving Thailand. To others, they may accept this. Also, there is a whole category of certain pensions that won't be taxed in Thailand so those expats will remain. Ex Military, certain ex government employees, US Social security recipients and other foreign pensions that are pre-taxed above or close to Thai tax rates. It's really an unfair system to disadvantage others, as pre-taxed pensions are on average going to be very similar in amounts to the untaxed ones - just because of the way the country has structured tax payments. Dual Taxation Agreements have been poorly put together to disadvantage and discriminate. Wealthy retirees will just purchase a Long Term Visa and use that loophole to get out of paying tax. The rest of us are possibly screwed and it will cause a shift to other countries to retire instead. It seems for now that Thailand can no luck longer boast being a great, affordable retirement destination, especially with global income taxation on top. Imagine a loved one passing away to leave you inheritance? In Australia inheritance is tax-exempt. Let's say $200,000 AUD. And I decided to bank that and keep it in Australia. Thailand could tax me on my inheritance. Wow. And the money never left the Australia. A big risk is therefore having a family member, alive, who has you in their Will for a substantial inheritance and you are a Thai tax resident. You cannot predict the timing of someone's passing normally (awful to think about). Same applies selling property abroad if global taxation means they can tax me on what is tax-exempt capital gains in Australia, even if I don't remit it to Thailand. Losses of hundreds of thousands of AUD to the Thai revenue department (who will possibly also tax your tax liability funds sent to Thailand to pay the tax bill, as well because of remittance tax - tens of thousands of dollars AUD). Absolutely ludicrous to remain in Thailand under these circumstances.
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Australian private pensions, many government employee pensions and old age government pensions are tax-exempt in Australia. Under our Dual Taxation Agreement our pensions will be liable to being fully taxed in Thailand (being one of the contractors states entitled to tax). Our system for private pensions entails an accumulation stage beforehand into Superannuation funds. It is a lower tax rate in Superannuation as an incentive for people to contribute more to have a private pension and not become a burden to the government. Pension phase allows tax-free income as a result. The Thailand incoming remittance tax enforcement planned, means any of my pension money coming into Thailand faces full tax. A huge disincentive to remain in Thailand. If remaining here, one would plan on bringing in minimal amounts to keep tax low. I have calculated that my eventual planned pension amount would be taxed around 20%. Thailand would have just upped 20% more expensive. A fluctuating currency where our dollar can drop from near 25 to 20 Baht adds another 20% increase in cost of living if money remitted during poor exchange periods. That's a cost of living increase that has a huge impact. If they go the next step as well on taxing global income, my pension amounts kept in Australia and accumulated for emergencies will also be taxed. Other investments also cause severe headaches. Investment property rental income, whereby in Australia we can claim tax deductions for various things (depreciation of building and other fixtures, rates, insurance, property management fees, maintenance, etc). This means our tax liable can be reduced well below equivalent Thai tax income rates . Will TRD recognize valid claimable deductions entitled to in Australia or will it just see that only xyx% net tax was implemented on that rental income and therefore below Thai tax rates, meaning tax liable in Thailand? Capital gains tax. In Australia a primary residence when sold is untaxed gains. An investment property is only taxed 50% capital gains. Many expats fund their retirement from selling property, moving that money into Thailand and/or moving money into Super fund as contributions to convert to pension. If worldwide tax comes in, all the tax-free gains and pensions are not safe from Thailand tax laws. Our Australian tax year ends 30 June. Thailand ends 31 Dec. Do I need to then prepay tax by 31 Dec to synch my taxes with Thailand? I don't pay tax until assessed in Australia and when deadlines are due and that can take many months (delays from companies with tax reports). And now the need to have dual accountants and in Oz probably a half-year tax report with prepaid tax (to my loss). International tax advice will be needed adding $$$$. Paperwork, certifying documents, tracking sources of income. This is overwhelming and severely stressful. Not the retirement I was after with my medical condition. Heart attack inducing stuff. Spending time out of Thailand each year to not be a tax resident will become extremely tiring and lonely for many who want a life with community, with friends, having a relationship. Long distant relationships are stressful. There will be breakups. Thai ladies will lose financial support and that will impact down the line to their families etc. Less time in Thailand means less being spent. It means not buying property, cars, furniture etc. It means shorter leases and less possessions. Better to start again in a tax-friendly country if this debacle continues. I have heard of loopholes being announced and advisors mentioning funneling pensions etc via Hong Kong pensions/trusts set up there. Because DTA between China and Thailand is tax free for that scenario. Global tensions and geopolitics means potential risk IMO that is concerning to me. Gifting is an option but be wary of sending funds to a partner to skip tax and use that money yourself. That is not the intended purpose of gifting and I would not be surprised if that potential loophole becomes restricted. Plus you need a partner and someone you really trust. But if worldwide income tax is implemented there is no hiding tax-exempt (in your country) or untaxed (savings for example) money. Is Thailand worth all of this? Being reamed with tax? Making it so much more expensive? And zero benefits offered to you? It is no longer becoming an expats destination, rather a tourist one only. So damned sad and an end of an era of being a much favoured destination. This is a death knell.
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Popular LK Metro Food Stalls Removed Amid Visibility Concerns
aussienam replied to snoop1130's topic in Pattaya News
Was 'blocking' (not really) Chinese owned nightclub, amongst all the other foreign owned ones there. Foreign owned, wanting clean sterile streets for maximum visibility like back in our expensive boring cities of the west. Late night street based nicely affordable vendors selling food pushed further away. Makes the place more boring IMO. I don't frequent LK Metro anyway, except when I wanted fish and chips or the previous 'lamb kebab' stall (gone I believe).