
NoDisplayName
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That's not exactly going to help our trade deficit with Finland. 2024 trade deficit $4.9 Billion. Does the president realize his tariffs just made those icebreakers cost 20% more? Would have made much more sense to buy from Russia, imports sanctioned but currently not subject to tariff. Heck, we could'a got some of them fancy commie nukular icebreakers!
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Great! The US consumer can survive on just what the US produces - genders and cluster bombs. Winning!
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So you're saying the internets tax expert I found online made a mistake saying that there is a technicality within the DTA making US social security taxable specifically in the case of non-resident non-citizens? specifically states that social security income and govt pensions can only be taxed by the US unless you become a resident AND a Thai national. Looks like the internets expert got confused with and/or logic. Notwithstanding the provisions of paragraph 1, social security benefits and other similar public pensions paid by a Contracting State to a resident of the other Contracting State or a citizen of the United States shall be taxable only in the first-mentioned State. **OPINION ONLY. NOT ADVICE. NOT AN EXPERT!!!**
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I don't believe that will fly. The assessability of the income is based on the source. Thai source = not taxed, foreign source = potentially taxed. Non-discrimination would apply to the person, not the income stream. Thai social security is not taxable, whether foreigner or Thai. Foreign social security is taxable (unless excluded by DTA), whether foreigner or Thai. Go back to stock sales. SET registered = no capital gains tax, foreign registered = taxed as ordinary income. That applies equally to nationals as to tax-resident foreigners. Consider deductions and allowances. Premiums paid to THAI insurance companies = deductible, premiums paid to foreign insurance companies = no deduction. Same equal application here, as well.
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Thailand doesn't tax THAI social security. Thais don't pay tax on THAI social security, nor do foreigners. Both could, if not exempt by DTA, tax foreign social security. Similar argument to people claiming they could take deductions on their Thai taxes for contributions to "the pension fund", arguing that the text doesn't necessarily state the the pension fund must be the Thai pension fund. If that info about the US DTA is correct, US social security is exempt from Thai tax for non-residents and non-nationals. If a Thai spouse gets survivor benefits, or If an American gets Thai citizenship, and are tax-resident, then it seems US social security would be taxable. **Makes me wonder about that "American" lawyer so prolific on YouTube these days. He gained Thai citizenship, wonder if he'll have to pay tax on his US social security?
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Don't think it matters........Thai or foreigner, as it's foreign-sourced income. Thais don't pay tax on capital gains from stock or fund sales, unless from foreign stocks, and I do believe taxed as ordinary income. And apparently there is a catch in the Thai-US DTA! The US-Thailand Tax Treaty stipulates that social security income and government pensions are only taxable by the US unless an individual becomes a resident and a Thai national.
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During my service in the United States Congress, I took the initiative in creating the Internet. ~Al Gore, 1999
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America is losing its GPS dominance to China’s BeiDou satnav Without question, the most significant rival comes from China, as the country is actively seeking to displace GPS as the world’s dominant satnav system and, in so doing, to increase its own soft power influence on the nations that use it. The National Space-Based Positioning, Navigation and Timing Advisory Board (PNTAB) warned that “GPS’s capabilities are now substantially inferior to those of China’s BeiDou” and urged the U.S. to regain PNT leadership over the next decade. https://spacenews.com/america-losing-gps-dominance-china-beidou-satnav/ April 8, 2024 Winning!
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Thai Rice Crisis: Losing US to Vietnam Looms Over Thailand
NoDisplayName replied to webfact's topic in Thailand News
What's the problem? The US can buy Vietnamese rice, China will buy all of Thailand's rice. And they don't even have to store it in warehouses for a decade. -
Wait, so the Japanese aren't required to deliver LHD vehicles to their dealerships in the USA? Sure, you can import a one-off yourself, but are there any manufacturers offering those? Does that mean the German government should tariff Japan also for requiring BMW and Mercedes to sell RHD vehicles? I assume emissions and safety standards are also "protectionism?"
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What gets a reprieve from Trump’s tariffs? Understanding the USMCA And in the case of goods that cross the border multiple times, such as auto parts, drawbacks are available, meaning the tariff rate is effectively zero. https://www.theglobeandmail.com/business/article-what-gets-a-reprieve-from-trumps-tariffs-understanding-the-usmca/
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WASHINGTON (AP) — A top White House official has pledged that the CIA will no longer use vaccination programs as cover for spying operations. The agency used the ruse in targeting Osama bin Laden before the U.S. raid that killed him in 2011. Lisa Monaco, President Barack Obama’s top counterterrorism adviser, wrote to the deans of 13 prominent public health schools last week, saying that the CIA has agreed it would no longer use vaccination programs or workers for intelligence purposes. The agency also agreed to not use genetic materials obtained through such programs. https://www.apnews.com/article/44b83d52c6e64230afce0e9c544c32bd