Mike Lister

Look on the bright side, they're only on the letter N, the Brits have got plenty of breathing space before their next turn.

Have to say that's what the video points towards. But this won't end well for them, neither will it help the image of foreigners here.

I don't believe that what you wrote is correct: https://www.irs.gov/newsroom/how-to-file-a-final-tax-return-for-someone-who-has-passed-away

"The personal savings allowance (PSA) lets most people earn up to £1,000 in interest without paying tax on it. At current savings rates, you'd need to have just under £20,000 in the top easy-access savings account to exceed the allowance. This guide has full details on the PSA and how it works..." https://www.moneysavingexpert.com/savings/personal-savings-allowance/

Not just US law, any country's law.

Agreed.

Just go into the branch and tell them you want to make a SWIFT transfer to the UK. Be prepared to prove that the funds you want to remit, have been brought into Thailand from overseas, if the remittance amount is over a certain limit. (varies from bank to bank (but shouldn't))

Wise can only transfer funds into Thailand, plus they do not have a BOT license to issue FET's hence it is their banking partners inside Thailand who make the actual transfer to your account. Similarly, they do not have a BOT retail banking license nor a money transfer license to send funds out of Thailand.

As a general rule, you cannot transfer Thai Baht outside of Thailand. If you want to transfer from a Thai bank account, the banks will automatically convert the Baht, into the native currency of the receiving account. THB is a restricted currency, it is not freely convertible, overseas banks are restricted in how much THB they can hold plus the currency is not traded on the international markets, for delivery.

The reality is in fact the opposite. Yingluk spent all the cash on support programs for the poor and left a liquidity deficit for the Military government, one of the worst deficits the country has seen. That was why they performed so badly for the first two years, there was no money. There's an BP article on this somewhere out there with a wonderful graphic showing fiscal performance of all the PM's over the past twenty years.

Kamthieng Market has two shops that sell pots like that, we have two in our living room we use as end/corner tables, about one meter tall.

Your questions and my answers made me think about what I might do if I was The Revenue, so for humour value, try this: I'd recognise that low compliance, avoidance and evasion, along with cash in hand, are key features of the workforce, there is no social responsibility ethos that compels people to pay tax. Any steps to improve tax collection have therefore got to be easily enforceable and an "escape proof trap", a bottle neck that everyone has to pass through and that can be reliably monitored and captured. All that points towards using the banks and electronic data capture to snare evaders/avoiders, it also points towards using other government agencies that are associated or linked. Revenue is able to tax exports/imports because they are company based and rely on annual returns that are audited, they also rely on Customs Department. Large companies are easily taxable because they have to prepare audited books and returns. Real estate is easily taxable because it relies on the Land Office. I'm pretty sure that if I was them, I would want to harness the other government departments to help me collect tax. IF foreigners were the target, which I don't believe they are, Immigration would be a key tool in all of that. Visa applications, extensions and departure/arrival are key bottle necks. Having said all that, I doubt that either department has the required levels of operational efficiency to make that sort of system work effectively, not for several years.

Unless I'm mistaken, these are for UK resident filing purposes, correct?

I've always used an accountant for my UK taxes, because I used have my own business and would contract out any services that were not core to it. What I do now is just a continuation of that. Having an accountant who is present in the UK, means they are up to date on everything and I don't need to waste my time trying to do the same. I also like the idea that HMRC has somebody locally who is an intermediary, in case they have any questions. Occasionally, she gives me some info/advice that's quite useful, mostly it's a repetitive mechanical process that gives me piece of mind.

"do you really see that happening in the near future?" This is a crystal ball question, isn't it. Probably not in the near future, simply because it is labour intensive but it is a near perfect solution for Thailand, in many respects. I used to have to get one of these things when I lived in the US in the 1970's, if I wanted to travel oversea I had to take a copy of my tax return to the IRS office and they would inspect it and give me the certificate, outbound Immigration at the airport checked it had been issued. It was up to the IRS officer to determine if the certificate should be issued and whether there was anything suspect about mye having not filed. If I was Thailand, I would implement them in a heartbeat! "chasing all the 65k per month direct remitted retirees". Once again, if I was the Revenue, this group would be my number one target, because they are so easy, inspect everyone on the 65k method and I'd be almost certain to net around 50% of them for some amount of tax. Do they think that way? Dunno! "Savings interest UK" Yes you're right, I think I'm incorrect on this, it's not taxed at source, merely reported. Sorry!

Gaba100 is effective and inexpensive, widely available OTC without prescription..

68% is unsecured, but that includes credit card and personal lending. Bangkok Post, 15 Sept, 2023, "Debt Problem Getting Worse".

The link in the OP confirms that Tax Clearance Certificates are required of certain professions currently so yes, they have been operationalised. I don't find it particularly useful or informative to debate whether a future event such as use of Tax Clearance Certificates is possible/probable/likely/certain. My personal view is that their use will be expanded in the future and broad adoption of them is fairly certain. That's my view, if yours is different, that's fine also, we can agree to disagree.

The AUD is a proxy for the Yuan so if RMB is weak, which it is, it's still over 7, AUD should show stronger. AUD/USD is negatively corelated to USD/JPY also.

Ah, yes, that's a google English rather than a site option, I did see that but gave up.

Seriously? Do you have a link I can play with?

Mae rim this morning, over 300, burning is often a Friday night sport for many.

"it's the same for banks too, they are not compelled to release date to the government, you can opt out on either". Allowing the Revenue to keep the 15% that was with held does not imply that no data was released to the Revenue. On the contrary, the banks return the same tax data to the Revenue about all customers, across all their holdings and products, regardless. When I file my Thai tax return, I enter my name, Thai Tax Number and the account number of one of my bank accounts and that connects to the interest received and tax that has been with held on all my accounts, at all my Thai banks.

I use a tax accountant in the UK who charges me 160 Pounds to prepare and file my UK returns, no VAT because I'm not UK resident, if anyone needs her contact details, let me know.

Well, I know it's not that none of them do because we have friends who own multiple units and they pay tax, albeit they own the units through a company. I think also that often people here are too easily tempted to think that "they" are not capable when really, it's more about they have chosen not to, for whatever reason, case in point, enforcing taxation of foreigners. For a long time they chose not to, then one day, they do.