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Lacessit

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Everything posted by Lacessit

  1. It hasn't helped anything, because Australia does not have a carbon tax. There's an implicit form of carbon pricing in fuel excise tax, which covers diesel and petrol. LPG is taxed at a significantly lower rate. There is no such tax on carbon derived from coal or natural gas.
  2. The penalties may be extremely harsh; however, one has to take circumstances into account. Putting someone in jail for evading taxes on millions of baht , certainly. Putting an 80 yo foreign pensioner in jail for not submitting a tax return on half a million baht in yearly remittance would result in a public relations nightmare for the TRD and Thailand.
  3. Comparing Thailand with the Western world, it is blindingly obvious the cost of housing, food and services have inflated far less here. I had a car fully serviced here recently for 1300 baht. They'd charge me that much just to open the bonnet in Australia.
  4. NATO expands because nations want to join it. They remember the 40 some years of being in the Soviet Bloc, with command economies that went nowhere but to Moscow. Fact is, Putin's a kleptomaniac. Ask any of his oligarchs - those who are still alive. One fourth of the world's chernozems, the rich black soil ideal for agriculture, are located in Ukraine. Most wars are theft writ large. Nigel Farage is a useful idiot. From what I read on this thread, he's not the only one.
  5. It may also be a lipoma, which is quite harmless. I have had one for years. The OP won't know what it is without a doctor's examination.
  6. Crimea was illegally annexed by Russia in 2014. The Kerch bridge is a legitimate military target, one of the supply routes for Russian armaments and fuel to prosecute the invasion of Ukraine. You're either a Kremlin apologist. or you expect the Ukrainians to fight with one hand tied behind their backs. Is it legitimate for Russia to be attacking electricity and agriculture infrastructure to freeze and starve civilians? You're straining at a gnat, and swallowing a camel. Hypocrite.
  7. Your work on this thread is appreciated. IMO the most significant phrase in your post is " highly likely to change based on the office and the TRD attendees" I other words, a mirror image of Immigration.
  8. Reading through both links, foreign-based income is taxable when remitted to Thailand. Income earned prior to 2024 is not. Savings prior to 2024 are not taxable when remitted to Thailand. It seems no reporting of such remittances is necessary. Where it gets fuzzy is the definition of savings. I could not find a question which specifically asked the status of shares, peer-to-peer lending accounts, or term deposits in terms of whether they are regarded as savings, or not.
  9. I was not saying there is. In Australia, I can offset any capital gains against capital losses in previous years. From Ballpoint's post: "I'm also of the opinion that if you hold mutual funds, or some other non bank account investment, overseas and keep an official statement of their value on Jan 1st this year, capital gains will be treated the same as for savings. If I have $1M in funds on Jan 1st this year and sell, and remit, the whole lot for $1.5M in a later year, my assessable income is $500k. Any increase in fund value prior to Jan 1st this year was not remitted to Thailand and, under the rules of the time, is non-assessable Thai income" While it is still an opinion, it would appear he has actual experience with the TRD.
  10. If I have property bought prior to 2024 with money I have already paid tax on, that might be included as savings after I sell it. As you say, maybe there is a line somewhere. Going back to my $15,000 share portfolio, what happens if I sell them at a loss? Taxing me twice on what I remit hardly seems fair. Perhaps you could post the relevant TRD regulations which define what constitutes savings, because it seems to me there is more opinion than fact.
  11. My point exactly. It should not matter whether I have savings in shares, peer-to-peer lending, or term deposits, because I have already paid tax on those funds, and they exist prior to 2024. The proposition that savings are only cash in an at-call bank account is IMO completely ridiculous.
  12. The stock is bought with savings which were taxed as part of income prior to 2024. In the example I gave, the $3000 gain is taxable if remitted to Thailand. If the $15,000 is also taxed when remitted to Thailand, it becomes double taxation. Which IMO DTA's are designed to prevent.
  13. "The Eye of the Needle" and "Citizen X" were a couple of his best roles.
  14. Let's say I have 300 shares of a stock I bought prior to 2024. In December 2023 , those shares are worth $50 = $15,000. I sell the shares in 2024 for $60. I now have $18,000. If I only remit $15,000 of that money to Thailand, and leave the capital gain in Australia, please explain why that is not savings prior to 2024.
  15. True. Ukraine has a large area of chernozem, the black soil ideal for cereal agriculture. AFAIK NATO is not trying to steal it. Putin is.
  16. When people suggest I should have an open mind on some issue, it is usually because theirs need to be closed for repairs. If NATO is a load of crap, why does everyone want to join it? You seem to be unfamiliar with Santayana's most frequently-repeated aphorism. Move forward and stop with the BS insults the dead.
  17. "Paid away" in Australia only seems to happen with share dividends paid into a bank account. If I have $30,000 on term deposit, the interest is paid into the same account as the deposited funds, unless it is transferred to a different account. I could do this if necessary, but I don't see the point. Unless you are saying money on term deposit does not qualify as savings, which sounds quite weird. Is cash at call the only form of savings the TRD allows?
  18. A well-written OP, even if it may be complete BS. Rule 1 - Leave 70% of your assets in your home country. Rule 2 - Never put more money into Thailand than you can afford to lose. Apart from that, enjoy.
  19. AFAIK all savings accounts have their interest paid into the same account as where the savings are. I don't know what you mean by the term "paid away". Most institutions issue quarterly or six-monthly statements which document the capital balance and interest paid. Hypothetically, if I have an account containing AUD 30,000 as at 31/12/2023, it should be irrelevant if I choose to remit those savings in 2024, 2025, or 2026. All I should need is the proof those savings existed prior to 2024, for the remittance to be tax-free.
  20. Most women seek support, and that's not restricted to Thai women. It would be very rare for a Thai woman not to expect support, as most Thais think Westerners are rich in comparison. The line in the sand is whether the Thai woman expects her entire family to be supported too. The OP should not expect too much in terms of intellectual conversation. Thais live in the moment, and their education system is abysmal. Having said that, they do make very loyal and supportive companions if their needs are met, They will do things emancipated Western women would never countenance.
  21. I am no friend of Xi, the fat boy, or Putin. I did own a Russian portable radio way back, during the Cold War. It was a golf prize. While quite clunky, it was very reliable.
  22. Suppose I have money on deposit with a peer-to-peer lender, or financial institution which is not a bank. I also have proof the funds invested with such organisations existed as of 31/12/2023. The interest on such investments, if remitted to Thailand in 2024, is taxable income. If I remit the capital, is that not tax free? It seems to me only counting bank deposits prior to 2024 would be an extremely narrow interpretation of savings.
  23. My post was not meant in a critical way, in point of fact one has to admire the adroitness of the Thais in repeatedly maintaining a neutral stance. Even when Japan was sweeping all before it. IMO the European countries who were under Soviet domination during the Cold War have everything to gain by stalling Putin in Ukraine. He would not stop there if he won.
  24. Sorry to disappoint you, I am not a party animal. Your attitude to the Chinese reminds me of WWII veterans who would never buy a Japanese import, due to the atrocities that were visited on POW's. So what atrocity have the Chinese inflicted on you?

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