WingFat

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.

He isn't called Big Joke for no reason.

21 hours ago, zzaa09 said:

Noticed it hasn't budged much at all against other prominent currencies of the last several months up to a year.....yet, the U.S. Dollar is showing decline in the same period as it is today - which of course, creates these seemingly false currency fluctuations. It's all manipulated in one manner or another. Part of the dumbed down sleight-of-hand show that we easily accept......and truly has nothing to do with anything [fabricated currency exchange ratings].

 

What we should be paying attention to is the growing influence of BRICS and the ever present and real downgrading of the U.S. Dollar as a standard currency reserve the world over......all of which is being fast degraded as we speak. Things are changing quickly to the detriment of the traditional Western/Anglophone influence....perhaps for the betterment of the real world. 

 

Wouldn't surprise me at all if Thailand and major SE Asian players are integrated into BRICS by the next official gathering of this prestigious body. 

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.

8 hours ago, bkk6060 said:

Ha, yes sure until some conflict starts then they will beg the U.S. and others to help them.

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.

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.