Rolo89

4 dead and 5 still on life support, all over a free shot. I can see this really hitting the tourism in SEA for years to come. Europeans and Aussies becoming aware of just how dangerous it can be over here and how appalling standards are.

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.

Their own old decrepit buses in BKK account for a fair bit of the pollution outside of the burning season.

I was thinking about getting one as could180+ days next year in Thailand. I've given up my UK residency and when I let banks know this they'll want a tax ID of somewhere else close the account. I could just transfer enough to live for the year before Jan 25 into my Thai bank account meaning no tax is due, if I tell them this like @oldcpu then they may not even let me have a tax ID so I couldn't pay tax even if I wanted

When you say under the radar do you mean to not be open about worldwide income? I'm going to volunteer my remitted money if complete a thai tax return (that's if I decide to stay over 180 days as I might just not and become a tax resident of nowhere) but I won't be handing over any details of my world wide income to them.

These youtube people are best not to be given promotion, otherwise you're being a Mark for them. Just uninformed guesswork to hawk their services.

Non story - they all already use IT systems that increase the prices with demand to make the most possible. Prices for the December will have already been increased to make money on the holiday surge.

Very few are getting through Israel. You've got more chance of being hit by something fast moving spending a day in Bangkok vs a year in Israel.

It's still probably safer in Israel than Thailand and the toxic air that kills countless each year.

Singapore paid Ms Swift 4 million USD in cash to only stop there in SEA and she was happy to only stop there as that's the place she can charge the highest for tickets. Thailand wont be able to afford the exclusive rights for a performer that is still relevant.

Agree on that all. I don't think they're anywhere near their target to get 1 million LTR visas by 2032, doubt they even have 1% of that target yet. If anything I could see them making LTR less strict.