Yumthai

Giftee receives a remittance from offshore that could be from anybody. That could be either assessable income or exempted income if giftee can justify it is (in this case a gift if amount < THB20M). Local gift has supposedly been taxed locally. Offshore gift has supposedly been taxed offshore or not depending on offshore tax rules however it is not Thailand concern.

Transfer has to be made directly to the giftee. In my opinion gift event occurs first then remittance is made by the giftee not the gifter.

The way I read Thai Gift Law is the gifter has no tax liability when gifting.

That's far your best argument!

Multiple irrelevant quotes does not make it more right. None of these quotes comes from Thai official source, just third‐parties interpretations. None of these quotes addresses in any way the tax liability of the gifter/donor when gifting. They only address gift authenticity with potential consequences on the giftee/receiver tax liability (gift requalified as income) and inheritance tax (non genuine gift would still be gifter property).

You can't back it up, you're just clowning yourself. "gratuitously" means that if the giftee compensates somehow the gifter in return of the gift then the gift could be considered as income for the giftee. It does not imply that a genuine gift must not or cannot be gifted back to the gifter. Now you may have your own interpretation of the rules just express it accordingly as your opinion.

Thank you! Where is it stated in Thai Law?

THAI CIVIL LAW Book III -TITLE III GIFT Section 521. A gift is a contract whereby a person, called the donor, transfers gratuitously a property of his own to another person, called the donee, and the donee accepts such property. Where is it stated in Thai Law that a gift must not be gifted back?

See, you know how to express an opinion without the untimely use of "must".

This is again an authoritative formulated opinion/interpretation not backed by any official source.

Sure but effective discrimination on significant amounts of tax money will make people/foreign cash leave.

Countries are sovereign. Some don't apply (or very low) personal income tax on their residents and are still doing pretty well with only indirect taxes. Free people vote with their feet and should stand for what they think is right not blindly abide to unfair tax and controlling rules just because "world master" says so.

Out of 70 million Thai's, what percentage do you think "remit" funds into Thailand? Out of all the western foreigners living in Thailand, what percentage do you think "remit" funds? Most Thai's couldn't care less about "remitted" funds" as it does not effect them. That was not my point, I was referring to tax enforcement. Enforcing tax via Immigration on foreigners (easy task as we all have to pass through an Immigration check-point) vs enforcing tax on citizens via random audit would be pure discrimination. "The Thai government announced these tax changes...": This is a statement. "... so they must have a plan for them.": This is your opinion.

International exposure: "41% of revenue generated by S&P 500 companies comes from international markets." https://www.tker.co/p/us-stock-market-international-exposure

I'm not American. It seems the Australian market has done slightly better than US, thanks I didn't know about that. I'd personally rather invest into USD S&P500 or Nasdaq-100 ETFs, more liquid and internationally diversified.

Maybe because US stock market has historically (and still) outperformed any other stock market over the long term. Non-US persons can invest through a company (ex: cheap US LLC) to avoid estate tax.

As you mentioned earlier Tax rules apply the same way onto locals and foreigners. Hence, there can't be two sets of tax enforcement. That would be blatant discrimination leading, in my opinion, to foreign exodus.

Your western logic is irrelevant in Thailand. I agree that the only way tax could be strictly enforced onto foreigners is through Immigration... but then what about locals? What would makes me happier is that I could distinguish facts from opinions when reading you because it gets confusing at times, and yes words have sense.

It's possible not probable. Or can you bring facts/evidences that prove there's > 50% chance that such event happens?

I suspect everybody would make a move to continue living their life - untaxed - as usual, unfortunately most of the people do not meet the financial requirements to do so.

People who are able to remit THB6M/year certainly meet the requirements to apply for a LTR visa and be legally tax exempted on all their foreign remittances, if they choose to do so.

To each their own definition of "play it safe" in Thailand. From experience it's rather keeping low profile and comply only when you are directly individually required by a Thai authority, certainly not willing to prevent proactively inconsistent rules that can change at any time and at the discretion of a random official.

Westerners should definitely stop thinking and acting like westerners while in Thailand (as in many other non-western minded countries).

They can try but achieving it is another matter. There will always be tax heavens or tax loopholes around the globe, the most wealthy being the first ones who benefit from it.

I think everybody is prepared and ready for the usual nothingburger.