The Cyclist

C'mon, dont keep us all in suspenders. Did the bank withhold 5, 10, 15, 20 or 30% just in case you decide to be a tax resident this year ? ( Sarcasm was deployed in the production of this post * ) * For the benefit f those that need a responsible adult present when they go near a keyboard.

This is exactly where we are, still in the realms of speculation. Which includes * Posters here * Tax Consultancies. * So called experts * Any others that are capable of operating a keyboard, with or without the help of a responsible adult.

I thought I gave you 6 factors, ie, 6 bullet points, that you should / could build into your analysis. I also suggested that those factors might trump normal pros and cons. I also said you are free to ignore them if you do not deem them worthy of considering. I think I did contribute to what will ultimately be your analysis. What you do with contribution is ultimately down to you, not me.

I am suggesting that world geo-politics will trump any of the usual pros and cons of investing. Not just the S&P, but every single Index. The world is at a crossroads * Ukraine * The ME * Xi latest announcement on Taiwan * The race for rare minerals * Water scarcity And the big one that you mentioned in your initial post * Debt, world debt at somewhere North of 300 Trillion. Currently the World is a powderkeg awaiting a spark. Which is why I suggested that normal pros and cons of investing should perhaps be relegated for the time being and investment in Defence Companies might be a good opportunity. Equally, if you do not think the above applies, ignore it and do your own thing.

Each to their own, but I dont think a 1 year time span ( 2024 ) is long enough time span to consider pros and cons of investment. IMHO, world geopolitics are too unstable at this time to weigh up any pros or cons. Defence Companies might be worth a punt

Reposted these 3 quotes. By reading them in quick succession, for some it might actually sink in. Then again, I have my doubts.

If anyone is any doubt about the above. Try not to laugh https://www.politico.eu/article/uk-civil-servants-tears-brexit-vote-simon-mcdonald/ Apply that across the whole Civil Service and probably around 50% of UK Politicians. They will be in a state of mourning until the day the die.

Ask all the people whose wages have jumped massively since Brexit https://www.reuters.com/world/uk/uk-sees-fastest-wage-rises-sectors-most-reliant-eu-workers-indeed-2022-02-25/

Or Brexit has failed because too many are still in shock that it actually happened, and are doing their utmost to ensure that it has no chance of success. The only true path is to rejoin the EU in their warped minds.

Ethics and Politicos are 2 words that do not deserve to be on the same page, let alone the same sentence. In any Country.

Plenty of time yet before the RD extract their finger and make another announcement. When that eventually happens there might be a massive surge, to leap ahead of Calm down to a panic, this thread has a long way to go yet

Huh ? I never said otherwise, my 800k has been in the account since 2011. But if this is about tax residents, tax and immigration. Then I would fully expect immigration on my next extension ( Nov 2024 ) when I give them the details of the 800k to ask what I am remitting to live on. Which brings me on nicely to Or in my case, monthly transfers of Government Pension ( taxable only in UK ) is the money that I will be remitting to live on. Therefore 800k for extension + other to live on. ( The other being open to scrutiny for rax residents ) not the 800k in bank account for years. Or 65k per month, which covers both extension and money to live on.

We will all come under scrutiny. Or none of us will come under scrutiny. And going by your example, I would say the 800k in the bank would be the ones that would come under scrutiny. Thats great, you have 800k in the bank. Now what are you living on. Easy to see what the 65 - 75k a month guy is living on.

Ohhhhhh sweet baby jesus Some internet guy saying that he had ' heard ' does not make anything a fact. What it makes is someone spreading gossip and hearsay, which might also be called scaremongering.

There have been plenty of posts throughout the thread telling doomers & gloomers to calm the ( deleted ) down. It appears to go one earhole ( if they even comprehend it ) and straight out the other. Sure. Like the poster who informed me that the RD could investigate my FCA remittances between 2009 & 2019, which could take up to 2030 to complete and I would accrue massive penalties and interest. Said poster went rather quiet when I told them the RD could investigate to their hearts content, and take as long as they like. I was never a tax resident between 2009 & 2019. Why do they even take the time to post such garbage ?

I mentioned double pricing, because it really gets some peoples knickers in a twist. Yes it happens, but it is not something that I get irate about. As a way of explanation, the amount of double pricing that I come across, over the course of a year would be far less than the cost of a months Council tax in the UK. Its all about personal perspective. I chose to live here, I am not going to change anything in Thailand, so why mump and moan ? Accept it for what it is, warts and all, life becomes much more pleasurable and stress free. Just like the new rule change starting tomorrow. I'm not getting my knickers in a twist. I have limited my exposure to potential Thai Tax. In due course I might have to go and get a TIN and file an annual tax return. No big deal, their Country their rules. Certainly nothing ( at this stage ) to get excited about. It is what it is, and getting stressed about it isn't going to change it.

Sure All I am suggesting is that if the information is available on a monthly basis ( Which it clearly is ) then the mechanism is probably in place to break that information down to weekly levels and daily levels. It also suggests that it could also be broken down to individual card level.

The information appears to be available https://www.statista.com/statistics/310420/international-visitor-spending-in-bangkok/ If the information can be broken ( as per the chart ) monthly. Then it must be able to be broken down even further, ncluding by individual cards.

A small commercial break until the RD make a further announcement and the doom & gloom can restart in earnest

Nice semantics A concert is generally classed as a performance by an individual / group. A raft of concerts, by individuals / groups, brought together under one banner, is usually classed as an event or a festival. Concert or a Festival ? Big Mountain Music Festival 2023 ครั้งที่ 13 ราคาบัตรเท่าไหร่ Festival not concert. Sorry dear

The big mountain music festival is a 2 day event that probably has about 50, perhaps more, different concerts, if you class separate artists / groups as individual concerts

I wasn't meaning you I was meaning the people that seem to moan that Thailand is all about double pricing and nothing is free. As we both know, there is plenty in Thailand that is free.

Khao Yai. 4 day event, ( all free ) we will go back tomorrow night. Loads of free stuff, including concerts, going on every month. All it takes is a bit of looking.

A couple of pictures for the doomers & gloomers, who like to whinge and moan about potentially paying some tax in Thailand because Thailand gives them nothing. Relaxing after a very nice Boxing day lunch. Free entrance to the park and lunch for 3 came in about 1000 baht Last nights entertainment. Free parking / Frre entrance / free concert. Food and drink bill for 4 adults and 3 children came in at 2000 baht. Thailand offers plenty, often at no cost if you can make the effort to find it. One reason that I wont complain ( too much ) if I have to pay a little bit of tax.

As nothing was said by immigration when I renewed my extension 5 weeks ago, I am expecting the same results