NoDisplayName

Dey dindunuffin.

We've finally found something made in the USA!!

Bwahhahhahahahaaaaaaaaaaaaaaaaa!!!! Hub of High Income© Bwahhahhahahahaaaaaaaaaaaaaaaaa!!!! Hub of Taxing Ourselves into Prosperity©

Since when was Canada a third-world developing economy based on subsistence rice farming?

Hitler and Stalin also took up residence within your cranium without paying rent? Such naughty boys!

They need to stick with what they know, focus on their abilities and what is attainable. Thailand already has the world's most dangerous roads, so lean into it!

If it goosesteps like a nazi, and if it ethnically-cleanses like a nazi..........

We don't know the details yet. There is nothing to say this is a one-off exemption, and that this will not be a rolling 2-year window to remit current income. It was a journalist who added the "for instance" in the original article. Under these new rules, foreign income earned and remitted within the same or following year will not incur tax. For instance, income from 2025 brought into Thailand in either 2025 or 2026 would not be taxed. Beyond this timeframe, usual tax rules will apply.

In that case, why worry? None of this will affect you. Just file a Thai tax return and claim your tax credits for the tax Thailand is not imposing on you.

Don't need to reason with a dictator. Just cut off aid to the nazi regime and Zelensky will have to hold elections.

Oh, so now you're evading taxes? Isn't that unlegal? Shirley, the OECD has ways to handle that!

They can want all they want here in the hub of discarded plans. If the last bright idea fell short, then global taxation......that being taxes levied on foreign sourced income regardless of remittance....will be a robust failure. Expats will leave permanently, except for those with families, in which case they'll have to remain out of country for half the year to avoid tax residency. Thailand's wealthy elite will find ways to evade the tax altogether, as they always do.

Lucky Philippine forums will benefit from your mighty pearls of wisdom. Give 'em heck, Harry! Philippines joins OECD framework on tax rules MANILA, Philippines — The Philippines has joined an inclusive framework of the Organization for Economic Cooperation and Development (OECD) that seeks to address gaps and mismatches in the country’s tax rules. https://www.philstar.com/business/2023/11/10/2310192/philippines-joins-oecd-framework-tax-rules

Where does the flame go when the match burns out?

Exactly! It's not policy, it's not law. Just a dude bloviating.

Some random official says he likes a thing. That's not official policy. It's just a dude sayin' stuff to get attention. Some other official says the goal is to become an interstellar space hub and another one says they want to be a technology hub, and yet another wants to be the hub of robotics and AI. Hub of fantastical pronouncements.

Maybe..........depends. Stay under the IRS limits and US single filers can earn $60 cap gains ($120K married) tax-free in the US, tax-free remitted to Thailand depending on timing and which rules are in effect. Thai nationals can invest at a US brokerage where only dividends and interest are taxed for non-resident aliens. Cap gains are tax-free, would now be tax-free remitted to Thailand in same or subsequent year under proposed rule.

Thailand tax system was never based on global income. Tax residents never ever had to declare global income, never ever had to report offshore accounts. Only ever paid tax (sometimes) on remitted income unless exempt by DTA or royal decree.

EU could respond by levying 50% tariffs on US LNG, and at the same time certify the remaining string of NS-2. Winning!©

Gosh, he did! Make America Green Again! Donald Trump Allows Major $5 Billion Wind Farm Project to Go Ahead Published May 20, 2025 President Donald Trump has lifted a federal halt on Equinor's Empire Wind, a $5 billion wind farm off the coast of New York. The U.S. Department of the Interior imposed the stop-work order last month, saying information suggested the Biden administration approved the project without enough environmental analysis.

mmmmmmmmmmm.......smells like tariffs!

I'ma call shenanigans on this. Corrupt official accepts 1000 baht when going rate would be 10-15K via her nephew, the agent? What's that work out for her when she splits the ill-gotten booty with her superiors? A bonus meal at McDonald's and a bubble tea? Sure.

50% tariffs on foreign-made flip-flops?

Oh, it'll get better. Bigly better. Dow futures tumble 500 points as Trump threatens new tariffs against the EU and Apple Stock futures declined early Friday after President Donald Trump ramped up his trade fight again, slapping a tariff on Apple for foreign-made iPhones and recommending a 50% tariff on the European Union. Mom, I wanna $3500 made-in-USA eyePhone! Shaddup and play with your two dolls! Winning!©

Pursuit? Too strenuous, no thanks.