Rolo89

The amount of people that actually split their time between 3 or more countries and never stay more than 180 days a year in one country is really really small. It's not what the CRS is set up for and it's not even a secondary focus, let alone a main focus. If you're a tax resident of nowhere and your home country doesn't have rules to claim it then that's not tax evasion.

Thailand should in theory have access to all your bank account information within CRS. Always keeping logs of where you spend days, days worked, money received is important regardless of if you have a Thai tax ID or not as banks or governments could ask for this info.

It's not a worldwide income thing. The UK doesn't claim your tax residency by default if you're a citizen and if you leave and pass the automatic non resident tests then you aren't taxed in the UK. As is the case in several countries. That won't be changing anytime soon as the newly elected government has just had its budget and has not changed this.

Just a youtuber discussing what we're all discussing here. Nothing new.

Yes. So that's not a tax resident of two places but a tax resident of nowhere. Easily done if you're from the UK. No so easy if you're Australian or American etc. Might cause some banking issues down the line, but if you don't stay anywhere long enough to become a tax resident then you don't pay tax on income.

Are you talking about being a tax resident of nowhere?

Cambodia taxes WW income.

Isn't it the opposite and they don't have tax residency anywhere?

I think Thailand massively overestimates it's own importance. As we're treated like visitors many have backup plans and won't hesitate to leave or spend less than 180 days a year if things change much.

Thailand charge all dividend as normal income, so for people that get paid via their own company it's in many cases it's higher in Thailand and you get so much less back. Yes, that's how it works.

Well most couldn't live in Thailand permanently even if they wanted. I think it's more who would want to contribute to a country where you'll only ever be a visitor and at the constant mercy of changes.

Thailand is only worth it for digital nomads without worldwide taxation. I'm undecided if I'll stay over 180 days and pay tax on money moved into Thailand. It might be worth paying tax on 800'000 THB remitted for peace of mind as it's 75'000 tax and feels a fair amount to contribute. But the moment world wide taxation comes in they won't get a penny from me as most of my income would be taxed at 35%. It's just about worth it with the current system but these new arrivals will very easily leave, and leave more of a glut of empty properties.

I was thinking about getting a TIN just in case I had banking issues. But if I get it and don't end up spending 180+ days I won't pay tax so that shouldn't disadvantage me right?

Not true for the UK. I still pay tax there but I'm not entitled to any benefits or healthcare. But people that arrive in the UK and haven't paid a penny into social security are entitled to a lot.

It's just the ETA system they're talking about. The same system most countries are putting into place like the EU and UK. I expect the fee to rise to be a major earner. In NZ it was a 11$ fee & 30$ tourist tax when it came in a few years ago, now its a 14$ fee and 100$ tourist tax for 2 year ETA.