jayboy
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Posts posted by jayboy
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14 hours ago, Chomper Higgot said:
The claim that private schools ultimately benefit state schools needs something to back it up.
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I have no special insight or knowledge.However if I was pressed, I would guess that there will eventually be a tax clearance requirement to secure retirement visa rights.But I could be completely wrong.
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14 minutes ago, chiang mai said:
Talking of consequences, the following link was published in another thread many months ago, in case you didn't see it.
I did see them at the timeand the penalties are a matter of record.However my observation was on another matter, namely whether some will fly under the radar.
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25 minutes ago, chiang mai said:
What they could do is lots of nasty things, what they would do will probably depend on the individual and their circumstances.....age, remitted funds, tax evaded, years here (should have known). Like you, I am playing it safe because I know from experience that these things can come back and bite you later, when you're not expecting it.
The penalties are a matter of record.My observation however related to the practical likelihood of any elderly expatriate who simply ignored the requirement to file and pay tax. After all many should have filed tax returns in the past and didn't, without the RD noticing or apparently caring.
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21 minutes ago, chiang mai said:
You just know that there will still be members, in the new year, who will continue to say that the whole thing isn't real, because they haven't heard anything.........it's both funny and sad at the same time.
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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51 minutes ago, Red Forever said:A “Politics of envy” post will be along soon.
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.
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17 minutes ago, AndreasHG said:
But Reform UK gave the Tories a helping hand. By dividing the right-leaning votes, Farage delivered a victory of historic proportions to Labour. And as long as voters on the right remain divided, Labor won't have to worry about ending up in the opposition.
"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
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2 minutes ago, bkk_mike said:By the time you're posting here, you'll be living in Thailand. Think how you'd be feeling if Thai people were proclaiming their support for a political party that blamed immigrants for all their problems
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.
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10 minutes ago, brewsterbudgen said:Great news! Farage would be love to see the destruction of the Tories and Reform being the opposition. And as a Labour supporter, so would I 👏. A 2nd Labour term guaranteed.
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.
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10 hours ago, Foxx said:The author of the original Telegraph piece was Douglas Murray who was educated at Eton and Magdalen College, Oxford. He was the founder of the right wing Centre for Social Cohesion, which later became part of the Henry Jackson Society. He's a self-described neo-conservative. Clearly a man of the people with a balanced perspective. We should be hanging on his every word.
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.
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41 minutes ago, ronnie50 said:
Not naive, but you're right, I should have said "wealthier expats" or "more well-off expats". It's that upper-middle-class expat I was thinking about - the 4-5 million baht a year types. The yacht reference was a jibe.
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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6 hours ago, snowybob said:
Not necessarily, my TIN is different to my Pink ID number
And even when it is the same number, as in my case, it is not one's TIN until it has been processed by the RD.
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1 hour ago, BangkokBernie said:the Thai government put a new law into affect
It didn't
1 hour ago, BangkokBernie said:created a personal income tax on all cash transfers into Thailand
It didn't and in any case many transfers are not taxable
1 hour ago, BangkokBernie said:which applies to all residents of Thailand,
Only to some
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7 hours ago, Jonathan Swift said:
they've managed to stay out of wars since 1947, and all the coups seem to have been relatively without casualties or major changes to the lives of Thai people.
Someone needs to do a bit more research.Wrong on all counts.
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19 minutes ago, hotandsticky said:
Your life must be so simple.
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.
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On 12/14/2024 at 10:15 AM, hotandsticky said:
Was the tattoo comment relevant?
Yes, it's a distinctive way of identifying morons.
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21 minutes ago, black tabby12345 said:
Unlike those from some accounting firms whose only thought is to rip off foreigners taking advantage of their anxiety.
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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3 hours ago, ChumpChange said:So what time do you start getting on the tins every day? Are you a morning guy or do you have some unwritten rule that you wait until at least noon before popping your first one open?
Then, what do you go for, any kind of local piss, a fancy German import, or do you stick with the Blighty brews or maybe a Guinness? Or, if you had your choice of anything, then what would it be?
Good to know the forum's classy reputation is in no danger.
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“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.
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9 hours ago, beammeup said:
OK so if you remit 400K after 01-01-2024 but it is savings from prior to 01-01-2024. and have bank statements to prove it. so non assessable. do you need to file a tax return?
My understanding is that in such circumstances it is not necessary.
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21 hours ago, JimGant said:Actually, it sounds like complete B*** S***. Until you actually have taxable income, and until then don't need a TIN, sit down and shut up. But, yes, I assume, if you tell -- and maybe show -- TRD that you have a taxable income situation -- they'll gladly issue a TIN. Otherwise, yes, then a situation for escalation.
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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2 hours ago, DonniePeverley said:
The problem is, it does drag the 'presitge' of the area down
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6 hours ago, hotchilli said:
True...
Does Cathay actually have ground staff based at BKK or are they handled by a sub-contract entity?
Communication does seem to have been lacking.
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.
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Looming Crisis: Private Schools Face Closures Amid VAT Hike
in World News
Posted
Money quote
"So which side is right? Well, we’ll find out soon enough. But even if there isn’t transitional dislocation, and even if Labour is able to transfer a net £1.5 billion to state education, both far from proven, the policy is still disingenuous and misconstrued. Disingenuous because the motive is primarily political, and Labour should own up to it. Disingenuous because its notion of fairness ignores the often cash-strapped parents paying for state school places in their taxes that they do not take up. Disingenuous too because it makes so much of “fairness” while ignoring the middle-class dominance of places at grammar schools. Misconstrued because, rather than trying to wound and stigmatise private schools, the government should be encouraging them to work more closely with the often excellent state sector. '