Dan O
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I am not sure that the govt could legally just say to do that due to a variety of issues. With the number and variety of DTA's currently in place and all the exclusions and exemptions involved tge differe among them legally that creates huge complications to try to administer, but hey TIT so anything could be said but enforcement would be difficult. Then the banking industry would need to rewrite there guidelines of when and how to do it on a national level and then coordinate with the various internation banks and all the countries they interact with. Its a mess any way you look at it and in typical Thai fashion make a declaration before you develop the strategic mechanism to handle the issue and deal with the complications you've just created
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Withholding tax on interest they pay you is completely different than withhold tax on money passing thru accounts. The mechanism you refer to is easy only because they issued the interest payment and they are the source, they have no mechanism to know where the money passing thru the account came from originally, if its taxable or even if taxes have already been paid. I stand by my statement earlier
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Before anyone panics they need to read up on what The OECD organization is and does. It's not as implied in the article and really holds no control over any countries. It models best practices between countries tax wise and makes recommendation on methods of improvement but they are non binding legally. One the the main positions they hold, unless it's change in the last 2 years is the income earned should only be taxable in the origination country of the income not necessarily the country of residence and mainly aimed at multinational corporations.
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I'm not realky trying to be correct as everyone's situation is different so correct is adjustable. My advice has been the same all along. Read your country's DTA to see where you fall in this and then compare it when the final regs are issued here. No one knows for sure and it's different by person and country so no need to panic over what you dont know will happen yet?
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RE: Requirements for Retirement Visa
Dan O replied to ME100's topic in Thai Visas, Residency, and Work Permits
So what you do has nothing to do with the poster. Some people tend to sleep at night time. He also asked for people to reply to his email. so use that " genius " brain you claim to have and figure it out. -
Read your country's Dual Tax Agreement and you will see many things including most pensions are exempt from dual taxation
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nope just answering your question. In reality you are trying to deflect attention from your moral position stated earlier. I was clear with mine. They should crackdown legally," as they did in this instance" on all bars using automated software that accepts scanned images rather than a hard copy id for proof of age. The should crack down also on establishments that allow enter by using faked or altered id. Im sure the underaged that want to drink know the places they can get in illegally and Im also sure that there are a number of morally absent men that prey on those locations as well. Im not the one in favor of allowing or condoning it nor claiming thet are overreacting with the penalty. Are you?
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PART 2 Thai Wife Being Bullied By Family
Dan O replied to thefarangteacher's topic in Marriage and Divorce
Your compromise is more than appropriate and more than they would have if you didn't. Many thais have heard the stories of rich foreigners that give lots of money and build houses etc and expect all foreigners are the same, Which we are not. -
PART 2 Thai Wife Being Bullied By Family
Dan O replied to thefarangteacher's topic in Marriage and Divorce
You have a couple things happening here. Number one the relatives wouldn't know what the parents are receiving unless they were talking, which all thai families do. The parents are not helping and may be I directly encouraging all the bs The extended family is often jealous of your wife if you are having a better lifestyle than them on one hand and the other hand probably aren't doing anything themselves to support the parents but by talking trash it deflects from them. The opposite can also happen they can be annoyed your not doing more so they can do less. Gossip is very rampant in thailand and everyone I. The family has their idea of what others should do. I would have the wife ask the complainers what help they are providing and check their excuses. Bottom line it will probably always bother your wife but she knows the truth of what your doing for her and that's the most important thing. Its hard when your living with or in super close proximity -
USA Bank Transfer
Dan O replied to Brn2Trvl's topic in Jobs, Economy, Banking, Business, Investments
That's what I said originally and one of the other forum posters sent a notice showing them as being a partner bank. I'll look back thru my messages and see if I can find it. But I'm not wasting a lot of time on it as it not relevant. I live in NST and all of the wise transfers go thru Kasikorn at least mine going to Krungsri. Never had any go thru bangkok bank -
USA Bank Transfer
Dan O replied to Brn2Trvl's topic in Jobs, Economy, Banking, Business, Investments
Deemoney isnt a bank although works with them. WIse also uses SCB and yes without signing a special authorization the other banks limit the transfers. Swift Wire transfers coming in have a much higher limit than the 50k. A fair bit of the money coming in thru Wise is not ending up at those 3 banks and thats were it can get more cumbersome if your in a province way outside BBK -
USA Bank Transfer
Dan O replied to Brn2Trvl's topic in Jobs, Economy, Banking, Business, Investments
its great that Fidelity does that, I've never heard of any bank being completely free on Swift WIres unless your in some special customer class and then they recoup the fee values somehere else in the account. Im straight myself already and happy with the Banks I use and how the process goes for me. Swifts go direct bank to bank so my transfers go to Krungsri and I have the necessary Imm paperwork available from them. -
USA Bank Transfer
Dan O replied to Brn2Trvl's topic in Jobs, Economy, Banking, Business, Investments
There is no " free" in banking other than they may not charge the processing fee ($45) but the exchange rate is where they will make it up so its not really free. Check and compare all the exchange rates and processing fees and you'll have the complete costs -
USA Bank Transfer
Dan O replied to Brn2Trvl's topic in Jobs, Economy, Banking, Business, Investments
I agree. I'm on the monthly method though so the swift transfers give me the codes the easiest way that I need. All my other transfers I'm using Wise