
WingFat
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New Tax Rules for Expats in Thailand Spark Concern
WingFat replied to webfact's topic in Thailand News
It occurs to me that there are only two countries that tax worldwide income; the USA and Eritrea of east Africa. Americans get a foreign tax credit on their US taxes for taxes paid in a foreign country, so no change for them. I don't know about how it will work out for Eritreans. For the expats that hail from countries that do not tax their citizens if they are out of the country for a specified time (usually it's 180 days or more) in a calendar year, they have been enjoying tax-free living while expatting in the LOS, in many cases, for decades. While I sympathize with those who will find this a challenge to pay Thai taxes, the saying of "there's no free lunch" comes to mind. And the argument that these people contribute to the Thai economy in other ways, well, so does everyone else. Whatever the case, nobody should have to be double-taxed on the same income. I surely hope that if this issue arises, it gets ironed out such there is no double taxation.- 696 replies
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’Big Joke’ Backs ’Big Tor’, Aims to Restore Faith in Police
WingFat replied to webfact's topic in Thailand News
He isn't called Big Joke for no reason. -
Concerning BRICS and their proposed gold-backed currency: The US government holds more gold than all the BRIC countries combined. And the two main BRIC countries that hold of most of the BRIC gold are Russia and China. You gonna trust them to pony up the gold if you're holding their new currency and decide you want your gold instead ? Further China and Russia are in serious decline economically, demographically and culturally. And from a rule of law standpoint, have fun with how most of the BRIC countries' conduct their systems of justice. And don't dismiss the military strength of the US compared to all the BRIC countries combined. The USA is not the shining example either, but its shirt is cleaner than those of the BRIC countries. But if you want to trust a BRIC currency over the US$, knock yourself out.
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My father underwent surgery last week : Paetongtarn
WingFat replied to snoop1130's topic in Thailand News
Worse than that. An ingrown toenail. -
My father underwent surgery last week : Paetongtarn
WingFat replied to snoop1130's topic in Thailand News
But, but, but...they can't release him early; his fellow prisoners will miss him too much...oops, he doesn't have any fellow prisoners. The nurses maybe ? -
I suggest Mr. Thaksin is a few stuffed brown envelopes shy of an early parole...I presume he will rectify the situation promptly.
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Thaksin: Former Thai PM's prison sentence reduced to a year
WingFat replied to Social Media's topic in Thailand News
Of course, 1 year can be perceived in the context of 1 year for various mammals; dogs for example, their year is about 1/7 that of humans. Therefore the beloved Mr. Thaksin could be looking at 52 days. He's already spent many days so the remaining days of the 52 days is less. Also, there are other mammals, reptiles, amphibians, etc that their 1 year is even less than dogs. Perhaps Mr. Thaksin could be freed immediately. Or, it could even be he's already spent more than a 1 year sentence depending on which "creature year" is used. Therefore, Mr. Thaksin could be entitled to not only be freed immediately, but also be entitled to compensation for enduring a more lengthy sentence that he should have. Some bargain rate property in Ratchada might do the trick... -
Thailand's ex-PM Thaksin to serve 8 years in jail - court statement
WingFat replied to webfact's topic in Thailand News
Ah, my broken clock was right; he actually returned. Now, just how long will he actually be in jail ? Not long; no way he would return if there wasn't some grand plan in place for him to eventually become PM again. -
Yep, it's been that way for years and years. Lot's of folks from the EU and elsewhere love to hate and bash the USA; until they need them, which is quite often. And people should try an understand the USA has backed out of getting involved in many regions of the world the last 15 years or so. The whole freedom of navigation thing courtesy of the US Navy was instituted after WWII and benefited nearly all countries, including China. Globalized trade that the world has enjoyed since WWII is coming to an end as the US is not going to be the guarantor of freedom of navigation as it has before. This will affect China in a big way. They will now need to provide security for their oil tankers getting oil from the ME. China only has a few ships that can go beyond 1,000 miles and they have very little, if any, "blue water Navy" experience. China recently inked a multi-hundred million dollar deal for oil with the Saudis and the Saudis required the Chinese to provide security for the transport to China. China agreed as long the deal was done in Chinese Yuan and not the US$. Outside of this deal, the US$ still remains the dominant reserve currency and will continue to do so for many years to come.
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Thailand's sex workers hope election will change their lives
WingFat replied to webfact's topic in Thailand News
Wonder how these ladies would react to being required to pay taxes on their "nightlife income", and if such income is recorded on the books. -
Ladyboy steals 189K baht from Sri Lankan tourist in Bangkok
WingFat replied to webfact's topic in Bangkok News
Perhaps he/she needed the money to transition to a no-he-she... -
Thaksin says daughter will announce his return to Thailand this year
WingFat replied to webfact's topic in Thailand News
Will she weep, sob and cry on camera for his return, as did her sister ex-PM Yingluck who nearly ruined Thailand's place in the worldwide rice industry by her ridiculously incompetent "rice pledging scheme" when it miserably failed |??? I was in Thailand in 2014 when Yingluck vomited this stupid idea, the rice farmers bought her line of <deleted>, then realized the only people who benefited were the middle-men and rice-storage operators; Shinawatra cronies. The rice price she demanded was laughed at by the worldwide market and Thailand's rice rotted in the silos while other rice-producing nations picked up the slack.. Eventually, the farmers in the peasant north were literally on their way to Bangkok in pickup trucks with pitchforks in hand ready to skewer her when the coup e' etat occurred (one dozens that have occurred in LOS since the 1930's). This was in 2014, and that's how and why the military took control. No trusting the Shinawatras...then there is Thaksin's wife who benefited from bargain basement price on a prime piece of land in central Bangkok. I am no fan of the current cast of clowns in charge, but the Shinawatras are no better.- 188 replies
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Public Health Ministry Opposes 4 A.M.Closing Time For Night Venues
WingFat replied to webfact's topic in Thailand News
Tough decision whether to allegedly spread Covid as opposed to spreading "Anutinisms". -
Public Health Ministry Opposes 4 A.M.Closing Time For Night Venues
WingFat replied to webfact's topic in Thailand News
Tough decision whether to allegedly spread Covid as opposed to spreading "Anutinisms". -
Former British Hua Hin Resident Sentenced For Murder
WingFat replied to webfact's topic in Thailand News
For him, his only hope is someone on the outside bringing him a steady supply of KY jelly. -
One thing I've learned in my 63 years topside of this planet, and that is, when people really get fed up with living in a given country, they vote with their feet. In the case of women, it's even more intense; how many western women are pasting themselves on Russian dating sites as opposed to Russian women pasting themselves on western dating sites ???
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Question to all you admirable stalwarts that have endured the incredibly ridiculous requirements of "living" in the LOS during the last couple of years during Covid-19: I previously lived in LOS from 2005-2011 (legally perThai laws) and sporadically thereafter. I re-patriated to the USA in 2011 for what I believed to be at the time be a 1-2 year contract work stint that morphed into a somewhat "re-settling" in the USA . Then "life" happened and my precious daughter in the USA had even more precious twin daughters, i.e, my twin grand-daughters in 2019. Now I need to return to the LOS to transfer a significant sum of USD back to the US from my Thai personal bank account to my US personal account...FYI- my Thai bank accounts have always been dutifully reported on the USA side in accordance with all applicable FATCA USA and Thai laws..,nothing to hide here. What else to do I need to do to have a last visit to the LOS for 3-4 weeks without any worries...i.e. health insurance requirements, tourist visa requirements, Covid tests, etc. ? This may be my last visit to the LOS, and I want it to be the best of memories...sadly, many of my good USA friends foundered badly during the last two years due to Covid-19. But I would like to make the best of it.