Yumthai

You have the right to have your opinion. It reminds me all those naysayers in the 90's castigating about Internet.

Wider your perspective and do your homework. Bitcoin is certainly not meant to replace Fiat currencies for daily payments, other blockchain technologies are/will be much more efficient for that use.

The fact that you don't understand the utility of Bitcoin does not make it useless.

You surely be more successful adding same-gender services.

Taxes are targeted to the middle-class complying sheep. People who are wealthy enough to invest substantial money somehow do not pay taxes. That is so obvious for them it's unnecessary to mention it.

You can't provide a TIN if you don't pay tax. That's what I told my EU bank filling their FATCA CRS self-certification form, and they are very fine with that.

You're underestimating the weight of the informal economy that remains totally untaxed. There's certainly a substantial number of Thais that should pay taxes all income considered but don't (declare).

In absolute more Thais are eligible to pay taxes than foreigners.

Yes Thais don't worry about taxes, it's a farang hobby.

That is a wet dream. If there is one single report of average Joe foreigner being audited and penalized because he's remitted few millions THB to buy a property or just maintain his lifestyle in Thailand, a massive exodus of these middle to high spenders residents is to be expected.

Writing rules and speaking out loud is easy.

TRD has never checked in the past if remitted money was earned or not during the same year. It's unreal to think they're gonna now magically be able and willing to check the tax assessibility (knowing perfectly all tax exemptions/DTAs) of all foreign remittances of their (millions of) tax residents.

You can't compare a process that is clearly understandable, straightforward and everyone has to pass through with another process where rules are blur and inconsistent (even more for the authority) with no systematic control.

Completely compliant with remittance guidelines. No Thai tax payable on remittance of capital. IMO This is unlikely to happen but one could argue TRD could ask and check source of funds history if they are aware the asset you sold was bought in the same calendar tax year (for instance all transactions appear on a brokerage account statement).

Then, since you have several millions THB saved in Thai banks tax should be the least of your concerns for a (long) while.

So why on earth are you suggesting a modest flat tax rate for all those who can't afford an LTR or avoid the taxes? Does it sound fair to you?

So you acknowledge that, with LTR visa, Thailand is blatantly and openly laughing at us telling: "Hey foreigner, if you are wealthy enough you can reside in our beautiful country tax-free on your foreign remittances, otherwise -if you're too poor- you'll have to file and pay taxes (potentially up to 35%) as any other resident." You say you don't want to pay taxes either but, as you apparently can't meet LTR financial requirements, you're suggesting that all the other less privileged slaves resign to accept their fate by paying a modest flat tax in all fairness. Am I getting it right?

Gifting in Thailand is still a legal tax loophole, as much as getting a loan from your offshore assets as collateral or getting an LTR visa that exempts from tax your foreign sourced remittances.

Indeed, I know how the things work here and it's fine for me as I play by Thai -informal- rules. Whining is out of question. What is weird is to keep seeing a bunch of long-term foreigner residents sticking to behave by western rules/mindset, like trying endlessly to fit a square into a circle mold.

In EU, US, and I guess the other OECD countries, tax residents (foreigners and citizens) get roughly the same rights/benefits. Which countries do you have in mind?

In most countries being tax resident as a foreigner will grant you the same rights and benefits as the nationals.

At extension renewal, how about the "800K maintained 2 months prior/3 months subsequent application" rule?

Nonsense. A TIN is not always mandatory for the simple reason that some countries do not issue TIN or do not required its residents to have one if they have no taxable income. For instance, a Thai tax resident can open a brokerage account with IBKR or Charles Schwab International without providing a TIN.

If life was that simple and straightforward everyone would end up millionaire. Good that recipe worked for you, however you do realize that unexpected events happen in most people's life achieving partly and often annihilating any long-term plan.

Well not everyone knows how to plant money trees.