Unamerican

22 minutes ago, sandyf said:

Many talk about about CRS as though governments are telling each other every time you go to the toilet. I read in an article some time ago that exchanged financial information was to do with unearned income rather than earned income, should have kept  it for reference.

This is what Wiki have to say and my interpretation would be that Item 5 refers to investment/savings accounts rather than current accounts, why say "distributions" rather than "transactions". Also why refer to a "Reportable Account"? , would indicate not all accounts are reportable

Little doubt others will want to read it differently.

 

The information and its exchange format are governed by a detailed standard, whose details are listed in a 44-page long document.^[15]

Each participating country will annually automatically exchange with the other country the below information in the case of Jurisdiction A with respect to each Jurisdiction B reportable account, and in the case of Jurisdiction B with respect to each Jurisdiction A reportable account:^[16]

1. Name, address, Taxpayer Identification Number (TIN) and date and place of birth of each Reportable Person.
2. Account number
3. Name and identifying number of the reporting financial institution;
4. Account balance or value as of the end of the relevant calendar year (or other appropriate reporting period) or at its closure, if the account was closed.
5. Distributions made to the account (dividends, interest, gross proceeds/redemptions, other)   https://en.wikipedia.org/wiki/Common_Reporting_Standard

But I  have no TIN, anywhere! 

24 minutes ago, Dave1954 said:

This agreement exempts any individual residing in Thailand and the country where Thailand has signed the agreement with from paying income taxes on both countries

No, this is not how many DTAs work in practice. There are many different or visions. 

7 minutes ago, Dave1954 said:

Double Tax Agreement (DTA)

This agreement exempts any individual residing in Thailand and the country where Thailand has signed the agreement with from paying income taxes on both countries. To clarify, an individual can pay income taxes in the country where the individual is currently residing. The DTA has several purposes regarding income tax:

1. Prevent double taxation for reducing financial burdens among individuals. 

2. Avoid conflicts on taxing rights ensuring income is taxed once or at a reduced rate. 

3. Ensure fair treatment on taxation from discrimination. 

4. Prevent tax evasion and fraud by sharing information with the contractual party.

5. Promote economic activity in stimulating cross-border transactions and investments between the treaty countries.

As of 9th October 2023, Thailand has signed the DTA with 61 countries. Nevertheless, the individual may be subject to double taxation in Thailand and the country where Thailand is not a contractual party to the DTA.

 

Armenia	Australia	Austria
Bahrain	Bangladesh	Belarus
Belgium	Bulgaria	Cambodia
Canada	Chile	China (People’s Republic)
Cyprus	Czechia	Denmark
Estonia	Finland	France
Germany	Hong Kong	Hungary
India	Indonesia	Ireland
Israel	Italy	Japan
Korea	Kuwait	Laos
Luxembourg	Malaysia	Mauritius
Nepal	Netherlands	New Zealand
Norway	Oman	Pakistan
Philippines	Poland	Romania
Russia	Seychelles	Singapore
Slovenia	South Africa	Spain
Sri Lanka	Sweden	Switzerland
Taiwan	Tajikistan	Turkey (Turkiye)
Ukraine	United Arab Emirates	United Kingdom
United States of America	Uzbekistan	Vietnam

 

 

On 5/30/2024 at 7:35 AM, zzzzz said:

so more than a re extension using an agent in Pattaya (which  u  dont need show Baht in Bank) 
guess its good for under 50 year olds
BUT
wonder how many digital nomads in their 20-30's have 500,000 ( $13,500 give or take a bit)  just sitting around and so far we dont know if that needs be in a thai bank

 

wow a 6 month music festival  >>>>:-)

Why are $ amounts at all relevant to  such Thailand concerns: also, whose $ (they come from very many countries)?? 

14 hours ago, TallGuyJohninBKK said:

Hard to find any humor among this sorry, pathetic bunch... But this one below from Fuentes (from the OP article above) really takes the cake!  Are you listening, Donald?

 

""So, why did we do Stop the Steal? Why did did anyone go to Jan. 6? Why did any one go to jail? ... It would have been good to know that before 1,600 people got charged," Fuentes said on his podcast, referring to the criminal charges for those who invaded and ransacked the Capitol. "It would’ve been good to know that before (I) had all my money frozen, put on a no-fly list, banned from everything, lost all my bank and payment processing.”

 

DUH!!!!  

 

Nick, maybe take a long pause next time before you believe anything, or act on anything, that Donald Trump says.

 

 

 

How terribly sad, but inevitable and justified, for this guy! ?? 

17 hours ago, Artisi said:

Only 300,000, he got off lightly. 

Indeed yes!  This is, Roughly, my monthly scamming total, . . . per woman! 

2 hours ago, Lacessit said:

People who are very rich can afford to defend their properties with dykes and seawalls, the ordinary Joe can't. That point seems to be missed by posters talking about how the rich are buying waterfront property.

And buy boats to get around?? 

2 hours ago, Lacessit said:

IIRC the Bangkok floods of 2011 put half the city under water. The only safe place to park was on the overpasses. That was storm Nock-Ten.

 

The laws of thermodynamics say storms will get more intense. If you find a way to beat those laws, I'll be the first to nominate you for a Nobel Prize in physics.

Which half? 

2 hours ago, Andrew65 said:

In 2010 parts of Bangkok were up to a metre below sea level, in 2024 parts of Bangkok are still up to a metre below sea level.

Did the sea move up or down?  Not noticed any difference down on the coast here! 

On 8/16/2024 at 10:39 AM, chiang mai said:

If you are not tax resident (more than 180 days) you are not eligible to obtain a TIN or file a return to reclaim tax paid.

That sounds very unlikely!  People have been doing both of these for very many years. 

On 7/26/2024 at 5:01 PM, sometimewoodworker said:

Yes. The websites have been posted. None of them will account for every allowance available. None will take DTAs into account.

 

it is impolite to ask the same question multiple times in multiple threads

What does this mean?

And:

Where are these posts, please? 

4 hours ago, Kinok Farang said:

I agree CM and kT's beaches as well as being crap are almost too difficult to find.

CM has beaches? 

1 hour ago, BritManToo said:

Sorry, don't understand your point.

When I purchase something respect/disrespect is not a part of the buying process.

 

"Hi, how much is that, I'll take two, thanks"

 

See what I mean?

Indeed we do: how ghastly! 

2 hours ago, brianthainess said:

I do have sympathy but, he and her brought it upon themselves, if it was my own/wife's family member then maybe I would . Had he married her legally at an Amphur then she would be entitled to his money.

Only any money in Thailand, and only with great difficulty when there is no will!  Or am I wrong? 

18 minutes ago, John Drake said:

 

There are two proposals in the works. The remittances tax which was proposed to take effect with this year's remittances. And the worldwide income tax. Don't think the remittance tax applies to what you're describing. The worldwide income tax does.

But what is this WWIT?  Never heard if it before! 

On 8/7/2024 at 10:59 AM, digbeth said:

 

ask any hotel employee if they get that 10% service charge and most would say they do, it gets divided at the end of the month, so during high occupancy, their take home pay is more compared when there's no guests 

In what country is this? 

On 8/7/2024 at 11:18 AM, thaibeachlovers said:

If there is an actual "general implicit practice to leave around 10% of the check in a restaurant in Thailand for the tip" it's because people like the OP have been giving tips, apparently regardless of the actual service ( somewhat like when IMO idiots give sin sod for their non virgin previously married beloved to be their wife ). It doesn't take much for all the restaurant etc workers to start looking at a tip as an essential part of remuneration, rather than as a sign of gratitude by the customer for a job well done.

 

I never used to leave a tip unless the service was exceptional, or I was a regular and got on well with the staff.

 

Next thing we know, taxi drivers will be demanding tips, hotel employees will be demanding tips etc etc.

 

IMO, just don't, unless the service deserved something extra. It may not yet be too late to rescue Thailand from this odious practice.

Why only ”naturally”? 

On 8/7/2024 at 11:29 AM, thaibeachlovers said:

Believe it or not, many of the perfectly acceptable hotels in Thailand do not add service charge. IMO it's something they add to posh hotels because they know the muggins tourists will prefer it to trying to work out how much to tip the staff.

I doubt it is much to do with tipping.  More likely the rules of Agoda etc.

On 8/7/2024 at 5:43 AM, amexpat said:

My dentist can afford to pay the receptionist. Would you tip at a lawyer's office? At the bank? 

Who said that the tips are for the receptionists? 

30 minutes ago, fredwiggy said:

Anywhere I've flown, the officer checking passports always scrutinized the passport picture, looking at me to make sure I was the one on the passport. This includes the US where I'm from. As far as I know airline tickets are non transferable. You can change flights for yourself but not let another fly on your ticket.

Really???  And why is US practice at all relevant here? 

2 hours ago, thaibeachlovers said:

I never said they should, but they should to his family, That is what is inexcusable.

But it is absolutely clear both that they should not, and that they cannot legally do this! 

1 hour ago, thaibeachlovers said:

If they had released it to the family this thread would not exist as there would be no mystery.

And wouldn't that be really great!! 

1 hour ago, tgw said:

this bit already tells everything:

 

I bet police on both sides did something.

They checked what they could check, probably got him on CCTV and got his immigration checkout photo, and the Finns are also guaranteed to know where he went.

 

BUT

as he is a grown man over 18, his travels, visa status, passport details, entry and exit stamps and whereabouts are nobody's business but his own.

 

Why/how would they possibly know to where he went???