
jayboy
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I agree with your comment.I wonder however what the consequences will be for those who simply ignore the updated tax regime.It could be, since the Thai tax system works on an honour system, that they continue to fly under the radar with no real world consequences at all.Even a tax link with visa extensions could take a few years to be implemented.I doubt whether the RD regards moderately well off elderly expats as a priority. But i could be wrong and personally am playing it very safe.
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Looming Crisis: Private Schools Face Closures Amid VAT Hike
jayboy replied to Social Media's topic in World News
One would expect so as it was a spiteful piece of political vindictiveness.The extra tax it was supposed to raise is greatly exaggerated.The famous independent schools - the ones that have all the influence - will manage to cope.No other Western country taxes education. This government hates the middle class and will pay the price in the next election. -
Reform UK Surpasses Conservative Party Membership in Landmark Shift
jayboy replied to Social Media's topic in World News
"Labour will take false comfort from a divided Right-wing vote, thinking that will secure it a second term. But before 2025 is out Reform might well have established itself as Labour's main challenger. Either that or it will have dawned on Labour that it is caught in a vice similar to the one which did down the Tories in 2024: losing to Reform in the North and the Tories in the South (just as the Tories lost this year to Labour and the Liberal Democrats)." Andrew Neil -
Reform UK Surpasses Conservative Party Membership in Landmark Shift
jayboy replied to Social Media's topic in World News
I suspect that if Thailand's traditional way of life had been undermined by uncontrolled mass immigration, and Bangkok had become a city where 40% came from ethnic minorities - all done without consultation or popular agreement - the Thai people would be taking action of an ugly but understandable nature. -
Reform UK Surpasses Conservative Party Membership in Landmark Shift
jayboy replied to Social Media's topic in World News
You are misreading the signals.Throughout the Western world we are seeing a collapse of the moderate centre right and the British conservative party is no exception. The Labour Party won a landslide victory but it was very shallow, and the inept Starmer has the lowest poll numbers for decades. The current government appears to politically incompetent and has shown to be dishonest in its election campaign.It's also clear that political parties have lost their traditional class based support.A second Labour term is definitely not guaranteed and Reform is a very real possibility for government. This makes me as depressed as you I expect. -
The Unheeded Warnings: How Mass Immigration Is Reshaping Europe
jayboy replied to Social Media's topic in World News
The last two sentences suggest that we are being asked to dismiss Douglas Murray, or at least place him somewhere on the sidelines.But it's odd that it's implied his excellent education is somehow a point against him.The Henry Jackson Society is certainly conservative in its approach but it is far from being an extremist organization. So it's not clear to me what the problem is with Murray though I suspect it's mainly because he has strong opinions, superbly articulated, with which many do not agree.So what? I see no particular virtue in being a "man of the people" - that's how George Galloway describes himself.Murray is hated by the Muslim Council of Britain but it's for debate whether that is a recommendation or the opposite. -
Yes I agree.If one comes down to that level there may be some who who consider their options of spending more time in the US or Europe.I doubt whether they would considers less developed alternatives in Asia.However I still don't believe that the vast majority would be interested in exchanging the relatively benign Thailand tax regime with the more exacting Western systems.Also if Double Taxation Agreements are taken into account there might not be a lot of point in moving between countries.Finally, people in that income bracket are likely to have substantial savings/investments incurred prior to 31.12.23 - so could remove themselves from the THai income tax regime - at least while the remittance basis of tax remains in place.
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Returning to the topic, the question was whether "very wealthy expats" would move part of the year to second residences or elsewhere outside Thailand to avoid any future tax by Thailand on global income.The very question betrays naivety because very wealthy expats have recourse to expert tax lawyers who specialize in offshore platforms to avoid tax legally.The chances of a very wealthy expat paying Thai tax on global income is in my view effectively nil even if he/she remained in Thailand throughout the year.Of course some tax would be paid here but not to a tiresome degree, and certainly not on global income. Furthermore wealthy expatriates have for at least a century split their time between warm climates and their (usually) colder climates.This will continue but only because it suits them and in most cases will have nothing to do with a 180 day cut off point.These people have nothing in common with the more typical down at heels expat who - if this forum is evidence to go by - is prepared to move around from one South East Asian low rent expat outpost to another.
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NACC Launches Probe into Thaksin’s Alleged Hospital Fake-out
jayboy replied to webfact's topic in Thailand News
Someone needs to do a bit more research.Wrong on all counts. -
British Man Arrested for Jewellery Theft from Tourists in Pattaya
jayboy replied to webfact's topic in Pattaya News
There are probably some exceptions but I have never met one. I should also exempt the armed forces and some in the artistic community.I have never come across a well educated/upper middle class person with tattoos though of course some exist. -
British Man Arrested for Jewellery Theft from Tourists in Pattaya
jayboy replied to webfact's topic in Pattaya News
Yes, it's a distinctive way of identifying morons. -
I don't recognize this at all.The established accounting firms are very well positioned to give sound tax advice, and by definition they will or should be professional in their dealings with clients. I would be more concerned about the dodgy legal firms where I think your criticism has more application.Their market is often the less sophisticated expatriate.The warning signs are a unconvincing web presence, some oily foreigner in lead position and young inexperienced Thai legal staff. When you hear one of these hustlers pushing a tax webinar, head for the hills.
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Good to know the forum's classy reputation is in no danger.
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Is there anything good about getting old?
jayboy replied to OneMoreFarang's topic in ASEAN NOW Community Pub
“Si jeunesse savait, si vieillesse pouvait” If youth only knew, if age only could. It's a well known French proverb with much truth to it.I think that it is right that in most cases wisdom comes with age - though Thailand has many examples of there's no fool like an old fool.With age comes the relief of not much caring what strangers think of you, or feeling the weight of fashion or modish opinions.Generally with age, unless having led a feckless or unproductive life, one is free of financial pressures. It's important to be able to look back on a life with some meaning.As VS Naipaul memorably said, "The world is what it is.Men who are nothing or have allowed themselves to become nothing have no place in in it." The owl of Minerva takes flight only at dusk.Awareness and wisdom often tend to be apparent when the shades are drawing in. -
It's been said before several times that for many expatriates the pressure to obtain a TIN comes from overseas banks.When (or if) the time comes to file a Thai tax return, obtaining a TIN will be a simple administrative step.As it happens I did get one (my old employment one having lapsed), mainly because I recognized my attempts to fob off my Channel Islands bank were not getting anywhere.The TRD holds no terrors for me.Being debanked does.
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Sukhumvit Nightlife: Who’s Keeping It Alive?
jayboy replied to 123Stodg's topic in ASEAN NOW Community Pub
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Cathay Pacific HK airline slammed over 5-hour Bangkok delay
jayboy replied to snoop1130's topic in Thailand News
For many years Cathay employed station managers, always youngish and very capable - graduate high fliers (often Oxford or Cambridge) who were expected to advance within the Swire Group which included Cathay.They were expected to be energetic and resourceful, and as I recall were required to meet every CX flight, Don Muang in those days.This problem outlined in this thread is exactly the kind of situation they would be expected to sort out diplomatically.Whether Cathay still employs people like this I don't know, probably not as the employment of that type might be seen as elitist.It is true that in addition to their Oxbridge background they were mostly of a certain patrician class. -
Pink ID Card has your Tax ID number
jayboy replied to CharlieH's topic in Jobs, Economy, Banking, Business, Investments
I believe the system at the Ministry of Interior changed quite a few years ago so that, at least in my case, after a long gap after I finished employment my current TIN was issued with the number the same as on my Pink ID. In short my old TIN was no longer operative.I would be interested to know when the Ministry of Interior rejigged the system. -
Nigel Biggar, a Cambridge professor takes a different view - "Had it been sitting in judgement on the prosecution of the war against the massively murderous Nazi empire by Britain and the US, the ICC would have issued arrest warrants for Churchill and Eisenhower. While invading Italy in 1943, the Allies caused old men, women, and children to be torn apart by bombs and shells, exposed to the wintry elements by the destruction of their homes, and starved of food and water. They did this ‘knowingly’, aware of the effects of their unavoidably imprecise bombing and shelling. But they didn’t intend civilian harm and sought to minimise it, as far as war-winning allowed. Nonetheless, their efforts weren’t ‘adequate’ to save tens of thousands from perishing. The presumptuousness of a court that declares itself devoted to the cause of ‘lasting peace’, its novel and imprudent intrusion of a concept of fundamental human rights into the laws of war, and its neglect of the principle of double effect, all combine to drive a legal interpretation that makes successful war-fighting unlawful, however just its cause. Thereby the ICC undermines its own authority, forcing states intent on military victory to repudiate its jurisdiction."
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The Decline of Free Speech: How the UK Became a Third-Class Nation
jayboy replied to Social Media's topic in World News
No it couldn't - ridiculous suggestion.In any event the Oxford Union is a private members club and is not part of the university.Furthermore every shade of opinion has been expressed there for over 200 years and this has never been sanctioned, even when members declared before the Second World War they would not fight for King and Country.Many of those who took that position shortly therafter died in the air and on the battlegrounds and beaches. -
The Decline of Free Speech: How the UK Became a Third-Class Nation
jayboy replied to Social Media's topic in World News
Perhaps you didn't notice the writer is a Labour MP. -
Thailand's Expats Urged to Register with TRD for Tax, Says Expert
jayboy replied to webfact's topic in Thailand News
When people say it's pretty common knowledge, invariably as in this case what follows is inaccurate.Rich Thais do pay taxes but as with rich people everywhere are smart enough to minimize their payment, or more to the point hire accountants who are smart enough to minimize payment.By the way for legally employed Thais, it's quite hard to wriggle out of PAYE.