chiang mai

Are you seriously expecting that somebody in authority will come out and say that....really?

If none of these threads had taken place, everyone would know far less than they do today. But because they did take place, people can make informed decisions about they think they should do. Either way, everyone would arrive at the same point eventually, one way is with the benefit of knowledge and time, the other is reactive and in a rush and panic. Tell me, in what country that you've lived in is tax enforcement not a significant risk and why do you think that Thailand should be any different!

No, you are very confused if you think that. At the top of the thread is this, "Posts made by individuals reflect their own opinions and should not be taken as fact". Let me know if you need further help.

To summarise, many wont follow the law, until such time as it becomes too high risk not to.....gottit. Some people won't want to wait that long, I suspect! Plus I suspect that if there is not a decent voluntary take up initially, that will only accelerate the inevitable, which could easily be draconian measures associated with visa's. Ask your self, what would you do in their shoes.

Good Fund Managers are hard to find, they come and go....sometimes they are good, sometimes they aren't. Nick Train is one example, at one stage he was touted as the UK's Warren Buffet,...until he wasn't. But while he was good, he was very good. Simon Edeleston is another, the team running Royal London Equity Select are yet another. I personally like consistent FM's, Paul Niven at Columbia Threadneedle is one of my favorites. There are loads out there, you just have to look, the Citywire link is useful for this purpose. https://citywire.com/selector/sector/equity-global-growth/i3745?utm_medium=website&utm_source=citywire_global&utm_campaign=asset-class-page-league-table&utm_content=h18 I think people get hung up about the cost of managed funds vs the cost of index funds and ETF's. I don't care what managed fund managers charge, as along as they are good and they return me the profit I expect but I typically wont pay more than 0.75%. So I can get something similar for 0.05%, so what, you have to be able to pick it in the first place using what as a the criteria! And when an Index slides you have to ride it all the way down, there's no get out as there can be with managed funds. It's personal preference.

"Someone got up on the wrong side of the bed today".

No problem for me, now I know what your agenda is, I'm happy to let you hang yourself.

Stalking you....hahahaha, don't flatter yourself. Me? I love opinions and am always very keen to understand the logic or motivation behind why people have different ones. I only ever post in tax threads and you always seem to be in them too. Except you're always the one who is putting down the people who post information about tax and call this whole business a charade. I find it curious that a person who holds such a low opinion of the subject and the people who post in it, should spend so much time here.

I have an amulet.

For somebody he doesn't think this tax business is real, you sure spend a lot of time in the tax threads, every day. Why is that I wonder!

https://finance.yahoo.com/news/thai-baht-most-vulnerable-emerging-000004655.html

It's a tax and licensing issue. If the business has above a certain number of vehicles it must be licensed, that means the prices must be displayed on each vehicle. But, if the number of cars is below the limit, no license is required and prices don't have to be shown. Bottom line is, if you don't see prices, you're not dealing with al licensed vehicle broker.

Your Social Security is tax exempt in Thailand but your IRA may not be. Just because you don't have to file in the US, doesn't automatically mean you wont have to file here, there is no correlation between the two tax systems. That said, you are entitled to exemptions and deductions here so there's an excellent chance you wont pay tax here either. The rules for whether or not you must file a return in Thailand stipulate any assessable income above 60k baht per year, by a tax resident, requires a tax return.

Gosh, we should all stop talking about tax immediately, just in case somebody thinks they should file a return when they really don't need to......duh!

TRD changed one simple rule regarding remittances, the implications of the change are that foreign tax resident no longer have a loop hole through which to avoid Thai tax on remittances. The rule change was widely broadcast and is simple enough to understand, even for dullards and those people who are not tax savvy. Put yourself in TRDs shoes, what more can you reasonably expect TRD to feel the need to do. What justification is there for TRD to pander to the anxieties and insecurities of the foreign community? The Revenue rules are there, in English and there's lots of ways you can get assistance with tax. International and local tax consultants operate here and English is widely spoken. 100's of 1000's of foreigners may not have paid Thai tax before but they know what tax is and they've certainly paid it in their home country, this is not something that is uniquely Thai that they've never heard of before. Many foreigners were required to file tax returns before the rule change but didn't, because they didn't think it applied to them! Now, many more foreigners are required to file tax returns, I'm pretty certain that fewer people will ignore the need this time around!! The private sector picked up on the potential for increased tax consultancy fees and has marketed their tax advisory services by providing tax information, aggressively....social media is awash with information on the subject. What exactly could TRD do to reinforce the message that they're serious about this, perhaps take out half page ads in the Bangkok Post saying, we're not joking! No, this is your problem, not the TRD's. If you're expecting a last minute change of heart or for this whole business to go silent and die a death, you are grasping at straws. And those people who are waiting for personalised letters to appear in the mail giving individual instructions regarding what to do, well, words fail me on this point.

Dr Siri is significantly cheaper if seen at his own clinic on the moat.

If I said it was November 2024, you'd disagree, I've been conditioned to realise this is true.

Bangkok Bank updates its exchange rates online , six times every day, as shown by the drop down box. https://www.bangkokbank.com/en/Personal/Other-Services/View-Rates/Foreign-Exchange-Rates

The TRD staff will help and advise, if you ask them....I have several times on various matters and they have always been most accommodating.

Give it a rest EK, it's getting old.

I'm happy with between 10 and 12% per year, as long as the risk is not high. I want low volatility and short drawdown. I don't care if the Fund Manager makes 10% off my investment, as long as I get my 10% to 12%.

It isn't binary and it definitely isn't black and white. It's not as if there is only one type of investment that will make a good profit and only one type of investor with one type of risk profile! Some of you guys make it look like it's a choice between using the bridge over the road or walking blindfolded across the motorway on foot, in rush hour!

Each to their own, I reckon a good fund manager stands a much better chance than me.

I don't want them to beat the market year after year, only this year.

I continue to invest in global equities and to mostly steer away from index trackers. I realise that trackers such as Fidelity Index World and HSBC FTSE All World produce consistently higher than average returns but the lack of control in a downmarket is scary. I like the idea of having a fund manager who can swap out of high risk and rapidly falling territories and sectors and into something less risky. My three main global equities funds are now these: Guinness Global, Royal London Global Equity and Columbia Threadneedle's Universal Map Adventurous. The latter is run by David Niven who has successfully managed the F&C Investment Trust for many years. My Asian interests are managed by Invesco Pacific which spreads risk across Japan, India, China and EM's. I have some bonds funds and a strategic bonds fund that has done exceptionally well. I also hold an L&G US Index tracker and a VG small caps fund. All in all I'm very happy with my holdings and can imagine them remaining as is for some time. But I do think we're at that time when markets will correct, in fact, that time is past due.