Yes, if the prime minister is worried about "chronic inequality", he could do a lot against it addressing such inequality in country, rather than trying to screw a few expat pensioners...
So, Thailand scams only exist in a movie?? Yeah, right... When will Thais learn that tourists avoid places and countries where scams and ripp-offs are rampant?
Even the government seems to believe that 'money comes from the bank'. If everyone just gets bank loans whenever they need more money, why not the government? The banks have it after all...
Don't get it. There must be a reason why this thread has 43 pages (and there are numerous media posts elsewhere). Don't you think that there will be more news about this next year?
Yes, of course. Doing all the paperwork with Thai forms, any requested forms from the home country, translated into Thai, etc., will be the fund owner's responsibility. It will be a bonanza for Thai tax accountants and translation services.
Imagine the banks had to figure that out, before withholding ...% from international transfers to Thailand! Will be interesting to watch early next year.
That's my guess, and expats who have no income in Thailand would then be forced to try to get it back via a tax return. Anyway, until this isn't clear (in 2024), I will, personally, refrain from transferring any money to Thailand.
Many Chinese want their money to leave China due to problems with banks there. Perhaps they heard about that in Thai government and want to cash in on it.
There was an article very recently in "The Thaiger" where it was discussed that 'not all Thais investing overseas are rich', and often just 'make a few hundred baht income from such investments', so I guess it is not popular with them either.
Funny, just a few days ago we learnt that "Thailand Ranks Ninth in the World for Country Most Open for Business". Wonder, how that fits in with 64th rank in the Economic Freedom Index.
Well, if they were out for the average Thai, good luck with that... Even some well-to-do Thais are nowadays 'careful with money' when it comes to restaurant visits. Still plenty of expats in Bangkok as a possible clientele.
What does handing out cash to everyone and their dog have to do with U.S. companies investing in Thailand? Fat chance that U.S. investments would benefit from such a short-lived consumer stimulus. Plus, sooner or later the money will have to be brought in again via higher taxes.