Naam

13 hours ago, Lacessit said:

The cachet of owning a classic car soon wears off when one realises the performance of modern cars far outweighs skin-deep looks. I'm cured of wanting to own a classic.

i beg to differ and claim that the use of a classic car, especially one that costs more than a fistful of millions, should be restricted to a spin on weekends with the dogs. no need for performance or comfort and no need for "a whole raft of safety acronyms. EBD, ESC, AWD etc.".

19 hours ago, Ks45672 said:

20 hours ago, Naam said:

some people do not consider the kind of roof over their heads as "investment" but "life style". calling it investment is the prerogative for many "poor" people who's life style differs. 

Its nothing to do with being too poor to buy it, i just wouldn't want to own something that is legally questionable under Thai law

let me draw your attention to the fact the i wrote "poor" which pertains to "life style". of course the same meaning of "poor" applies also to people who consider the purchase of immobile property for own use as "investment".

6 hours ago, superal said:

and did you get your penis extension op ?

6 hours ago, superal said:

15 hours ago, Naam said:

when i look at their prices and compare for what i sold my 1969 E-type a couple of years ago than i feel like telling them "keep on dreaming!" 

 

 

 

 

and did you get your penis extension op ?

i was waiting four the usual poor boy comment.

46 minutes ago, Ks45672 said:

This is the same old chestnut that's been a grey area for many years 

 

Owning land by proxy through companies is not an investment id be happy with under the current government 

 

$1.5m could buy something decent in Europe or US etc with no grey area

some people do not consider the kind of roof over their heads as "investment" but "life style". calling it investment is the prerogative for many "poor" people who's life style differs. 

On 1/12/2019 at 7:42 PM, Ks45672 said:

Why did they waste money advertising it on an expat website like this one? 

The land office will never transfer the property into a farang name anyway so its seems to be a waste of time 

because the design indicates clearly it's held in a company name controlled by an expat. selling the company does not involve the land office as there are no changes in the chanot required.

6 minutes ago, brian2f2f said:

The religion itself is not sick. Its the people running it that are sick. Take indonesia and malaysia for example. They are far more relaxed regarding Islam. And have adapted nearly all. Aspects of Islam to modern day society. Its the governments that have control over religion at the end of the day and how it is played out and executed thought the nation. Hell if you truly look back at Christianity even the the very beginnings it has some seriously dark parts to it that would make it no better then the islam you are bashing it those aspects were still being practiced today. But they are not as religious leaders and country leaders haven't allowed it and have modernized the religion as needs to be according to the times. 

i agree with your comments except for "the people running it that are sick". there are two major points (among a dozen otheres) which should be taken into consideration

-Islam exists since less than 1500 years. if you look at Christianity (not only the very beginnings) but all the way to the 1800s and even later you find as much intolerance as in Islam. genocide in the Americas, the 30 years' war 1618 till 1648 which devatasted Europe, burning of witches all over Europe, the inquisition in Spain and last not least the wars between "Christian nations".

-the grip that the House of Saud applies over its population with the help of Wahhabism.

perhaps Islam will adapt and get modernised according to "our times". after all they are more than six centuries "back" living still in their times. but i wouldn't hold my breath.

15 hours ago, balo said:

I understand from another thread she is lesbian so she will probably be happy in Canada. 

 

Anyway I thought she wanted to go to Australia because she had friends living there.  Maybe later. 

 

i "understand" she has also caused the recent tsunami which damaged some Indonesian shores.

19 hours ago, whitemouse said:

Jury is In. 

Punishment for Apostasy is SA, Sharia ruled nation  is death. 

What part of it "out" for you? 

where does it day she is an apostate?

reading the various ingredients mixed with flour and call it "bread" after heating it up in a "machine" must be a serious criminal offense in civilised countries.

Just now, Snow Leopard said:

Change you bank

why? questions which cause a roar of laughter and a ridiculing rebuttal from our side are fun.

28 minutes ago, humbug said:

So why have an op blatantly trashing the visa through mud by thinking you can get around the headache of opening a company name paying taxes through it and having a work permit. and instead live of a gray area visa in thailand and openly throw the visa under the bus with this type of thread

that you have a reason to bitch about.

47 minutes ago, BertM said:

Seems to me the OP is trying to establish that he is working in Thailand by trying to get a Thai tax ID to give to his brokerage firm so he doesn't have to report & pay taxes in his home country on his investment gains & income.

nope! after me mentioning "banks might ask for TINs" the OP clearly stated that's the case. after informing the taxman, paying any taxes due and leaving an EU country an EU-citizen is tax wise free and clear assuming no other ties to the home country. it's the financial institutions which, actually their compliance departments staffed with the stupidest employees recruited from their own ranks, which are causing the problems.

to give you an example. under the global KYC agreement (read wiki)

Quote

https://en.wikipedia.org/wiki/Know_your_customer

financial institutions were asked to review their clients status pertaining to potential terroristic financing, drug dealing, money laundering, road to wealth, etc. one of the two banks we are using in Singapore (being clients for 14 respectively 9 years) found out that there are some gaps in our file concerning "road to wealth". that lead to the following (among other) ridiculous questions addressing my wife (we are married since 40 years):

-please submit an explanation why you are a director and beneficiary of 50% of the company shares which holds the assets of XYZ Inc. but claim you have never worked.

addressing me:

-please submit some documentation of salaries and profit share for the period 1975 till 1985. simple payslips will suffice.

5 hours ago, Misty said:

5 hours ago, Naam said:

any focus on "day trading" is irrelevant.

OP's question was in regards to "day trading"

it is still irrelevant.

Just now, Ks45672 said:

The way the exchange rate is going she might have saved you some money bringing in a lump now rather than later.... ???? 

 

BINGO!

10 minutes ago, Misty said:

I realize the above does not address the issue of whether day trading is considered to be "Work in Thailand."

any focus on "day trading" is irrelevant. those of us who are financially comfortably heeled are managing their offshore assets with a considerable amount of "work in Thailand" which consists of hours or even days of specific research especially when the emphasis is on investing in high yield / high risk assets.

24 minutes ago, Ks45672 said:

you can always prove to Thailand your funds are  from a previous year...

...when you transfer all the money you need in Thailand in a calendar year in the first week of january. that's what i did day before yesterday. personally i think it's overkill because there were years when i bought cars which did cost a multiple of our annual living expenses. but the "transfer in january" was the brilliant idea of my "better half" and it makes her happy. 

4 hours ago, lkv said:

You are reading into things too much, you are in a developing country where there is no tax enforcement on foreign sourced income of any kind, because of law loopholes that benefit rich Thais, and you are talking derivatives?

 

This is not the US or Europe, that's why they can't answer your question, they don't have a clue nor do they care to enforce.

"lkv" one caveat! de jure a tax "law loophole" does not exist. it's the applied common practice which causes de facto not levying income tax on offfshore proceeds brought into Thailand not earned in the same year.

in theory this practice could change overnight. however, based on the clout of 'influential' Thais, this is unlikely to happen.

4 minutes ago, moana said:

10 hours ago, Krupps said:

That is a real problem for dividend income investors, without Tax ID 

the withholding rate is a whopping 30%, the treaty rate is only 10%, if I remember correctly.

Treaty rate is 15%. There is no problem getting the treaty rate from sensible US brokers (e.g. Interactive Brokers, Schwab) without a tax ID.

W8-Ben is all you need.

1 hour ago, alexanderhu said:

you wanna open a bank account in Singapore then you're gonna need a local tax id

what part of my comment

Quote

if you need a tax ID for banking purposes: some banks (offshore of course) in certain juridictions are stubbornly demanding a tax ID for the beneficary even though CRS (Common Reporting Standard) allows establishing a "tax residence" by simple declaration. most banks in Singapore and Hong Kong are aware of the Thai income tax practice not taxing offshore proceeds if not bla-bla same year...

is it you don't understand?

3 hours ago, humbug said:

this thread is misnamed and should not have a visa which is not a permanent resident or work permit attached. Many times we see threads vanish when fools say how do i work on visa on arrival without anyone knowing blah blah This is another blatant attempt to wum. The op seems to want to trash this visa when all he had to do is set up a company in thailand then gain a work permit and pay his taxes. He knows this its just a complete wum. 

yep! setting up a company would be the right thing to do, assuming... he's dumb enough to follow your advice.

2 hours ago, alexanderhu said:

In my opinion it's not that simple.

you have opinions, i have experience... detailed experience. if you want to make your life difficult you have my blessing. by the way... both my wife and my[not so]humble self are EU citizens of a country who's taxman has very sharp teeth.

46 minutes ago, Hal65 said:

and run 8 to 10 meters of exhaust tubing through to the exterior

forget about it as the condenser fan of the unit won't create enough pressure.

put a cheap conventional 9k btu/h in your bedroom (suction and pressure pipe in a neat channel) and drain the water to the bathroom.