The Cyclist

I got up this morning to 11 degrees, it was ffffffff freezing 😀😀

That bad ? Its not even started yet. https://www.theguardian.com/business/2025/jan/13/tax-rises-will-push-business-leaders-to-cut-costs-and-hiring-surveys-show

Are you Mike Lister in disguise ? He also had a severe issue dealing with the fact that International Agreements / Treaties take precedent over Domestic Laws and Regulations. And as a direct example of why your comment quoted above is absolute garbage. I report my UK Government Pension monthly remttances for Thai Tax year 2024. How muchof a tax payment do you think I will need to pay to the RD. Do you think it might be a big fat zero ?

You are reading it wrong 😀😀 It applies to * Canadian resident individuals, * corporations * certain trusts that, at any time during the year, own specified foreign property costing more than $100,000 * certain partnerships that hold more than $100,000 of specified foreign property For the purpose of to enhance compliance with tax laws that require reporting of foreign-source income to increase taxpayers' awareness of these laws to provide information to the CRA for the purpose of verifying taxpayers' compliance with these laws to better target international tax evasion and aggressive tax avoidance Points 1, 3 and 4 being most pertinent to Individuals.

Sure That is why the tax residents of UK, Canada, Aus and probably every other CRS member Country are declaring foreign income on annual tax returns. All these Countries put their heads together and came up with a plan designed to muck everyone around, from the man in the street, right up to tax officials of those Countries, just for the sake of being absolute penis's Sure

Think that might have been updated to filing a Form T1135, Foreign Income Verification Statement, must be filed by: For the purpose of https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/foreign-reporting/foreign-income-verification-statement.html

Interference is interference Just like sex pestery is sex pestery and Rape is rape, pregnancy is pregnancy and people are born male or female.* * With the very few who are born Hermaphrodite. Useful idiots try to blur the lines.

Correct, the US has not signed up to CRS, they have FATCA And as a Brit, I don't know very much about FATCA, and I would suggest that Mr Hart, as an American is not up to speed with CRS.

Lets take the big guys comment on all tax residents, shall we. I have already posted the UK's stance on UK tax residents declaring foreign income on an annual tax return. @oldcpu has already posted that all Canadian tax residents must declare foreign income on an annual tax return. Here is the Aussie take https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/income-you-must-declare/foreign-and-worldwide-income/australian-resident-foreign-and-worldwide-income And I will bet that if I went through every single Country signed up to CRS, their tax office will also say the same thing. But you seem to think, for some bizarre reason Thailand will be exempt this. From the same ATO site " To make sure everyone pays the right amount of tax " That will be the Global Standard that Thailand joined by Royal Degree on the 31 March 2023. How can you comply with that Global Standard, without people declaring their Foreign income ?

If I take that at face value as being true, then Labour have no right to complain about anyone interfering in the UK.

Holy Christ Please tell me that you do not believe that this is true. ETA Actually, it probably is. Probably funded by Lord Alli, he appears to fund the whole Labour Cabinet.

Who, and where are these millions of retiree tax residents that you speak of ? hyperbole much.

Aye, Investors. But as debt servicing costs rise, 2 things happen. 1. Cuts to Public services, and IMHO, certain parts do need drastically cut, but wont happen. 2. Tax rises again,in April. That is before we even consider the impact of a budget that was based on Growth, growth, growth, and growth at best has flatlined, and very likely contracted. The impact f growing unemployment that will start in earnest from April. All in all, its looking more and more like a big steaming pile of horse manure. Then there is 2 compensation black holes that will need to be filled quite soon 1. Tainted blood scandal 2. Post Office scandal. Perhaps someone will be able to inject a little ray of sunshine into the UK, just not seeing where it is coming from.

November GDP figures due out tomorrow December CPI figure due on Wednesday. Gilt yields still trending upwards.

Latest rant from Mr Hart I fully understand why he is ranting, and it will also tell you the direction of travel, which is being steered from outside Thailand. The First step in the process has been undertaken, by Thailand signing up to the OECD's CRS. So Mr Hartnis correct by stating that no new domestic laws have been implimented, they dont need to be when you join an International agreement. Which is normally then folded into domestic law, or left as a stand alone agreement.

The buck stops with the head of an Organisation.

Did he really ? Have you got a link to that, seeing as you like to ask others for links. Here is the reality from the BBC Note who the head of the CPS was, ultimately responsible for the decision not to proceed with the prosecution. This guy brought the first prosecution He told Starmer, the head of the CPS to wind his neck in and he was prosecuting. https://www.bbc.com/news/articles/cvgn2wvxx5qo Starmer, as the Head of CPS and DPP, did not know that the CPS were prosecuting Sub Postmasters. 2 massive scandals that both Labour and Starmer are neck deep in.

It was a failure of the head of this current Government.

It wasn't required prior to 2010. I cannot say when it actually started. There was changes made about 2012, it could have happened then, I was already pretty much gone full time from the UK by then.

The detection and elimination of tax evasion. The core purpose of CRS. Not much point in a Country joining CRS, if it is not going to participate in its core function/ purpose.

Sure 😀😀 And you have, perhaps unwittingly, encapsulates it. It is not necessarily about the taxation of Foreign Income, but the Reporting of Foreign Income.

No I haven't, so you might want to take your blinkers off and understand what I am actually saying. Stricter Reporting, does not mean stricter tax collection. DTA's will determine what tax can, or cannot be collected. Try and understand the difference, before hitting the keyboard.

My apologies, I certainly did miss it. And I'll go a step further and suggest ( because I haven't looked, or even care to look ) that most, if not all, other CRS Countries, also have a Section for Listing / Reporting their Overseas Income. So why people on this thread would think Thailand ( A CRS Country ) would be any different, is quite beyond me.

You mistook my meaning 😀 Here is the latest UK tax filing doc. Page 2, Item 5, you have to report Foreign Income. https://assets.publishing.service.gov.uk/media/6613fc8a213873b991031b88/SA100_2024.pdf I have a sneaking suspicion that the latest tax forms, pertaining to CRS Countries, most likely, all have sections for reporting Foreign Income. Does the latest Canadian Tax form, have a section for declaring Foreign Income, like the latest UK tax form ?

This was widely reported in the media a few weeks / months ago. It broke at the same time that someone else called out her time and function at the BoE. It would appear that her CV is an understatement in embellishment. Which would get normal people sacked on the spot.