ukrules

This practice is far from common or there would be many dropping dead every week. This would be the perfect cover for a poisoning murder.

You're confused, I will explain. Many countries tax on worldwide income regardless of whether it's remitted or not - pretty much every single 'developed western nation' on earth does it this way. Now the confusion part - they only do this while you remain a resident in the country, if you stay out long enough, which in some cases can be as short as a year depending on the income source then you will lose your tax residency - the key here is keeping out of the country and maintaining non residency. I know what you're alluding to and that's the two exceptions which are the US and Eritrea who tax their citizens worldwide income even if they are not resident - that's the difference here. If you lose US residency they're still taxing you, there are exemptions which are reasonably generous if you're a normal working guy but if you're doing well and bank a few million they they're gonna get you!

Nobody's taxing you on 5k of cash. But lets say you bought large amounts of cash in on a regular basis and went to one of the surrounding countries twice a week for a year and then attempted to change it all into Baht - how are you going to do that without raising an eyebrow? When you change money they ask for your passport for a reason and it all goes into a computer. I knew a couple of guys who were successfully attempting to convert a lot of illicit funds from GBP into Euro in England until the day when they were confronted about all their other transactions at diffferent branches around the region - it's all tracked, and this was more than 15 years ago. At this point it becomes laundering and tax evasion which is highly illegal and something to be avoided at all costs.

We both got 1 year business visas on our first trip earlier in the year. Used an agent, had it 'fast tracked' and got it back with next day service. Cost just under $1000 for the both of us, multi entry 1 year. Now here's the interesting thing - when you get stamped in with one of these 1 year visas there is no 'leave by date' in the passport - only an entry date. I'm told we can stay until the visa expires and potentially longer if we extend it in country Previously on our first trip we just got the 30 day business visa which is required to be able to upgrade to a 1 year visa - you can't get the 1 year business visa if you're on a tourist visa at the time - they won't do it!

It's 180 days or more for Thailand that makes you a tax resident. But you will only be taxed on money you remit into the country at the moment, maybe that changes in the future - they said they want to change it so they can tax your global income after 180 days which is how a lot of countries operate but who knows if they manage to get that through parliament.

My Mrs came down to Cambodia with me, she's here in the Phnom Penh apartment with me now. They can very easily leave and the 180 day rule applies equally to them....

There will be something similar, I've seen a few over the years - also it ain't going to be cheap but will allow you to do what you want.

Well not really, the Thai would have already paid his tax on the 1 million used to buy the car and the tax 'bands' are the same for everyone. You could say that many of us have been buying cars at a large discount due to not paying tax at all

Isn't it potentially far worse than that? What usually happens when the language in a contract is illegal? The contract is simply null and voided isn't it?

Ah yes, the old Tulip Bubble, lasted a short while once, the prices of these bulbs went through the roof, then crashed and never, ever recovered. There is a slight difference with Bitcoin In the early days Bitcoin went on a massive parabolic rally from literally $0.00 to about $32 depending on who/where you purchased it. Then it crashed back down to 1 cent - now that's where the story for tulips ended as after they crashed they never did recover. The market decides. Bitcoin however went on to reach new highs within a year and in 2013 it first 'topped' out at around $260 before crashing back down to $50, then it did it again but more than $1000 and it kept doing it over many years. The Tulip comparison at this point is completely retarded due to the above.

You would be quite wrong to think that.

I'm not sure what you mean here. I'm doing this already so yes, you could say I take myself seriously. A real 'cheap' apartment in Phnom Penh can be had for a couple of hundred dollars a month,but I wouldn't consider that for myself, it's not suitable for my situation. Mines $700 / month (25k Baht) while here in Phnom Penh, it's a spacious place, about 170 square meters in size (I measured it). 2 bed, 3 bath, just me and the Mrs living in it, decent building in a decent area named 'Toul Prom Pong' aka 'Russian Market'. I use the second bedroom as an office. Total rent = $8400 a year. You could easily spend $1 to $2k a month on rent here, depends on the area, the building and which floor you're on and how much you tolerate getting ripped off. Very easy to do and anyone can simply purchase a 1 year visa (even if you're under 55) for just under $500 through an agent, took me a few days back in May to get the visa and apartment all sorted out while I was here on my first trip this year back in May. I have to say I quite like it down here as well so I may buy a place at some point, who knows.

Two homes, two countries and a 2 week holiday in a third country like Vietnam and you're resident nowhere. No need for two wives, mine comes with me. Rent an apartment in somewhere like Phnom Penh for less than $10k a year Who wouldn't do this if it would save you hundreds of thousands of dollars in potential taxes?

In other news foreign giant Tesla isn't coming to Thailand any more.

There's plenty of room for 'escape', just make sure you don't stay anywhere for more than about 180 days per year.

People have been saying that Disney is evil for many years and it always confused me. This provides some clarity.

If that is what's happened then it means the government has been dissolved which means everyone is out, the new PM will appoint their own cabinet.

A 1 or 2 day overstay can often be sorted out at the local immigration office without the need to leave the country - this is the way it was before anyway but it may vary depending on where you are. A few years back my mother was over here and we forgot to do her extension after her 30 day visa examption, 3 or 4 days of overstay, so we went down to Hua Hin immigration and did the extension and paid the fine at the same time. This was after they introduced the bans. I know they offer this service for people who forget for a short amount of time as I believe it happens a lot. So @Dande you have a couple of days overstay and can fix it at a local immigration office - but that might depend on where you are. Of course if you're somewhere they don't do it you could simply check into a hotel in some other city where they're more friendly and do the extension there......

There's a reason they're getting serious about security and it has nothing to do with protecting you. The bank is going to be liable for any and all fraud unless there's gross negligence on the part of the account holder. So these new steps are to prevent any losses to the bank - it's why they are making it harder to withdraw anything and reluctant to allow large withdrawals, wires, etc Sometimes you really need to persuade them that you want to do a transfer, and they can deny it - for your safety - which is a lie - it's all about protecting their own arses. Legislation changes incoming, it will get worse. Source : Perplexity Pro - so no link.

So something slightly worse might happen in the future, maybe, possibly - but it's not happening right now. Non story fluff piece.

See my post in your other topic - I run 2 screens, the laptop one and a single external one but I could run two if I wanted to - I choose not to though.

I picked up this one a couple of months back : From memory I think it cost about 90k Baht - it's a decent laptop - it's fast, can run anything and everything I want and all at the same time - no problems. You get what you pay for - I highlighted the important bits in green.....

They're sending a very clear message here to the millions of people who use vapes in the UK. If you're an ex smoker who now uses a 'vape' - NEVER come on holiday to Thailand, or you face arrest. This should be widely publicised and there should be a popup warning for anyone booking a flight or package holiday to Thailand.

It's not all about you. I keep some crypto and it's very applicable to me.

You need to stay for 180 days to be considered a tax resident in Thailand, you can't just opt in as you please without putting in the required number of days present. What changed for crypto?