ukrules

Nonsense, it's quite acceptable to have no tax residence and you're not going to find countries competing for your residence - the rules are very clear and normally about the number of days. In Thailand it's 180 days. I can remember reading that there might be one or two countries out there who 'ensnare' their own citizens when they don't have another tax residency after leaving their country of citizenship - but that's definitely not the norm - probably Germany or some Scandinavian country where they like tax everyone almost to death every year. One example, the UK currently uses an automatic test - if you don't go there for more than 15 days per year then that's it - no possibility of you being deemed a tax resident - but there's no escaping paying tax on any money earned in the UK, even while you're non resident - that seems to be pretty much the same everywhere. There's more to it than that - but for the UK if you leave and simply don't go back - you're out. No need to fill out any forms either these days unless you've overpaid and want a refund. The system has changed a bit over the last 10 years or so

I doubt they will go back to that old antiquated system but you never know. If they do then I suspect it might only apply to those who are actually tax resident and stay in Thailand for the full 180 days or more per year. It would be quite a nonsense to have people get tax clearance certificates in the first 180 days of any year unless of course they were resident in the previous year - now that would take a lot of checking and form filling.

Yes, they do for their foreign income, not for their Thai income though. The rules we read are not designed for 'the foreigners', they're aimed at Thai people - but they apply to us as well.

You're never going to have another bank account again - there's special rules in place for Americans.

No, you miss the point entirely. If you're not tax resident and have no Thai income then that's it - there is no tax to pay - doesn't matter if you paid any tax elsewhere, many countries don't tax you at all under the right circumstances and this is all above board. and legal. You need to be prepared to put in some legwork every few years and move around a bit to take thi to the extreme - which could be worth it but it would depend on the amount.

The discrepancy is in the definition of the word 'remitted' - he says it's not remitted - I think it is. Don't get me wrong, I'd love them to issue a clarification giving us the green light to spend as much as we want on credit cards and have unlimited tax free ATM withdrawals - it would be an easy way out - but I have a feeling that's never going to happen.

Agreed, a definite grey area.

That's not quite what he said, I watched the interview yesterday just after it was uploaded. He said ATM withdrawals and credit card spending are 'not remittance' and then something about it needing to be paid into a bank account if I recall - is he correct? I have no idea, but I wouldn't rely on that.

Never! I've done my own research on this and acted accordingly to protect myself, hence this year I shall spend less than 180 days in Thailand, perhaps next year too and who knows, maybe I'll just keep on doing that for many years as I quite like it in Phnom Penh.

I believe no anonymous anything, I will only act on absolute facts. Nonsense can come from anywhere, even lawyers!

Yeah, I'm not so sure he's correct on that - I certainly wouldn't use that method and rely on it to not come back and bite me a few years down the road.

Cambodia is fine for storing some cash, I'm back in Thailand for a few weeks right now but when I return to Phnom Penh I'm going to open a new ABA account now I have my 1 year visa.

I will believe it when it happens

I'm hoping to see a real world example of the 'laffer curve' play out here - that would make them a global laughing stock and also pay for their foolishness.

Were they not convicted in a British court?

They've likely been rejecting Koreans just like the rest of us for many years now, I guess they decided it's time for a little well deserved reciprocity.

Ask your Doctor if Lisinopril would be suitable for you (I hear good things) - also maybe consult with a different Doctor as potential side effects should not be ignored, even if they may eventually 'go away' as you become accustomed to taking the drug.

Ah yes, nominees - aren't they making a stink about this kind of thing?

There's no way he should ever have so little when he made so much over the years with the huge conglomerate he surely owns a massive chunk of - or whatever he sold it for if he's no longer a shareholder.

I've been using limetorrents for years now, limetorrents.lol is the address Use Ublock origin latest version to avoid a load of popups every time you click something

There is something amiss with the reporting about this case. I won't go into details but I'm hearing conflicting news about the guy involved. Not just his chronic health conditions

I prefer Heinz or Baxters Cream of Tomato soup but lately I've mostly moved onto the Baxters Minestrone, they changed the recipe a year or two back and it's real tasty for a quick meal - much better than the old recipe - I noticed the difference the second I tasted it when they changed the recipe. Campbells is like watered down ketchup 😂

Is it just me, the angle of the photo or does one of those kids have an unusually flat head? Second from the left.....

Would you send several million dollars worth of previously untaxed currency into Thailand on the off chance nothing changes and it might not affect you at any point in the next 10 years when they get around to doing an audit on every financial transaction you've ever done since arriving? You don't worry about a problem like the above - you take action and eliminate the possibility of it ever happening.

What were they? I'm not wasting an hour of my life watching the video to find out