ukrules

I used the Thai bank account - Kasikorn to prove my address here in Thailand - that's it. I have a basic savings account with the address in English - the kind of thing you could pop into the bank and open up in 20 minutes anywhere in the country. When you want to withdraw funds via SWIFT it goes by a third party service provider and you need to enter any bank they will deal with. So I had to enter the Thai bank account details manually myself in order to make a withdrawal, you can add more than one recipient bank account so long as 'Bank Frick' will support the recipient bank and it does not matter which country the account is in - but you are not allowed to alter the recipient name at all so you're only allowed to make payments to your own accounts - apart from that I don't think they care where the bank is. I attempted to add an ABA Bank account but it didn't work - they don't accept ABA (Cambodia) for sending wires. Kasikorn is good and I would think most UK banks would be accepted but you never know - the only way to find out is to test it. I have had reports of banks creating issues with money being received from any crypto exchange in the past so I have never done a single transaction to my UK bank.

Nonsense, they changed the way it works back in the 80s - now they reversed that change - and they did it with a 'memo'. It was a memo that introduced the 'previous years income' tax exemption and it was a memo that revoked it.

They're wrong if they are saying this, the taxable event and the date it happens is all that matters.

Is it unclear? If you sell shares into cash in a brokerage account that is a taxable event even if you never withdraw the resulting funds. The taxable event is selling the shares, it's then currency - the type of account the currency is sitting in is mere window dressing..... Lets say you did this in the US, you're getting taxed every time you sell those shares if there's any profit, same everywhere. Except Thailand ironically as they don't appear to tax SET trades...

You know after reading about these people for years I still have no idea which one is bad or what they're supposed to have done that's so bad apart from one raid which apparently came to nothing. Are they all rotten?

You know the NSA outsourced this work to the UK don't you? It's no coincidence the UK is demanding this, why do you think they're demanding this? I am almost certain that this entire thing is driven by the US, the best customer GCHQ ever had. They've been trying to get this kind of thing in for years. They can't do it in the US but it can be done in the UK which is conveniently one of the '5 eyes'.

Bullseye. They only target iCloud because the others already do what they want.

When counting days make sure to include both the day of arrival and departure and leave a few spare days in there as well just in case something comes up and you need to pop back over to Thailand or get delayed by a few days - assuming multiple trips back and forth throughout each year. What I do is print out a calendar with 6 months on each side of an A4 piece of paper and literally write numbers on them for each country - one calendar per country. Can't go wrong with that approach and it matches my passport exactly. Then just keep it plus travel proofs / passport scans, etc. Be sure to NOT use automatic gates as you don't get a stamp - why complicate things when there's no need. This is how I'm doing it - spent a good while in Phnom Penh last year, rented a place in Cambodia for a year - this year I'm moving to Siem Reap if I like it - going to check it out on my first trip out of the country. For me Phnom Penh is a bit on the big side and everything's spread out too much, lots of traffic, etc - now Siem Reap looks a lot more like it and from what I hear it's a lot cheaper than Phnom Penh - which isn't expensive anyway - like half the price of Phnom Penh for houses/apartments. I guess I'll find out when I go there.......but I am definitely going back to Cambodia, and soon. Moving from Phnom Penh could be a bit of an annoyance but not too much - you can simply pay a company to do it all for you which is what I intend to do. Why Cambodia? Easy Visas - you can get a 1 year visa very easily through an agent ($400-500 depending on the service speed you select), there's a few agents but I used one named 'Call Kim' who can be found on facebook ad mentioned in multiple forums - 100% legit and I've left and returned to the country multiple times using this visa over the last year. When you enter you get an entry stamp but it doesn't have an exit date. Just tell them you're an investor and considering buying property if asked at immigration and you're in. If you're over 55 you can get a retirement visa. Simple.

Yes

Lets be honest, most of the people who 'lost it all' didn't really have much to begin with, did they?

So what? Surely you're of an age where you realise that what other people do or say for the most part simply doesn't matter at all.

Incompetence huh, who would have thought it possible!

The point is to remove or alter the encryption in some way so that it's no longer effective. One simple way to do this is key sharing, your phone or computer or whatever will use an encryption key - this is just a big random number which is then encrypted by another key that's generated based on a password you enter. So now there's 2 keys - one generated from the password and then the real key which is encrypted and can only be accessed if the correct password is provided. The actual key should be stored and remain on your device and never leave it and that's what they tell you at Apple, etc. What they want is a way to get hold of the encrypted key on the device, in order to do that Apple would need to keep a copy of this secret key and then provide it on demand to 'the government' to keep you safe. So effectively they're demanding that Apple hold in escrow everyones keys - for everyone all around the world, just in case they need it to make their job a little easier. Apple will be outraged by this, the British Government are well known for mission creep especially when it comes to spying on peoples data. At one point even local council officials had the authority to access all your data due to badly written laws. Also GCHQ have been known to sub contract for Americans as the US isn't allowed to spy on its own citizens without warrants but the UK doesn't care - so they just paid the UK to do it for them - and a law like this provides exactly what they need to access anything and Apple are not playing ball here. This isn't new, they've been attempting varying levels of this type of thing for decades and it goes back to the 'clipper chip' in the US where Clinton decided it would be good idea for everyone in the US to provide the government with backdoor access to all encrypted data whenever they wanted it - that failed. This should fail like all other attempts that came before it but who knows, this current PM seems very authoritarian and they have a large majority with the Labour party kicking MPs out of the party when they don't vote as instructed by their whips! It will backfire in a spectacular manner though.

lol, that's what they always say. It's a lie.

Damn, he's in big trouble now - they will send him straight to IDC won't they?

Yeah, ideas are fine but sometimes they lead to actions and as we all know - actions have consequences. If you raise a gun to a foreign army don't be surprised if they attack.

In my opinion if you're a terrorist every night when you go to sleep you should expect some soldier to attempt to sneak into your house undetected and cut your throat while you sleep. I would find this completely acceptable and if I was in charge, there would be no terrorists, only cemeteries full of them.

Try Kraken.com - I have an account with them but I'm from the UK. They are American though, to verify they accepted a bank statement with my Thai address on it. Also I opened binance.com and bitstamp accounts but this was prior to binance launching their Thai 'deal' and I haven't really used it.

It's the only way to conduct any business, whether personal or professional. Also this is standard operating procedure everywhere in the world. There really are a huge number of people out there who would take any action required to empty your bank account into theirs.

That's nuts, why do they care?

This is an outrage. Every one of those terrorist <deleted>bags deserved to burn.

There is a Thai language facebook group for Hua Hin and the Thais are talking about this in Hua Hin - they are outraged. People are naming companies in direct messages. It's not an agent - it's one of these situation where you buy from the developer. Best to avoid agents in such situations as they can charge outrageous fees which can be avoided by simply going direct to the sales office on the site.

Same as anywhere, depends on the location really.

Run forrest run! In all seriousness, take this to a lawyer and get them to go over it all in detail, get copies of chanotes and check for liens, mortgages and leases and when finally stop laughing ask them what they think of the whole 'setup'....and if you should proceed. Get your own lawyer who acts for you, unconnected with the seller and nothing to do with anyone else involved in this supposed deal/scheme.

Here in Thailand they made a change last year which apparently started charging taxes on anything worth 1 Baht or more apparently also aimed at China. Do they still do that or did it quietly die in the night after China threatened to ban all of their weaponised tourists?