I am afraid your loophole would not work and it has demonstrated your misunderstanding of double taxation.
Income derived in the US would first be taxed in the US under the US tax code. If the Thai tax due is less, you don't get a refund.
It is key that you understand what double taxation relief is.
I hope this post helps you to understand.
So under the same paragraph,
15) Income of a farmer from sale of rice cultivated by the farmer and/or his family.
I just found the bestest loophole! I can buy a rice farm in Mississippi, then all my income from rice sales will be exempt from tax.
"Well, gosh, yer honour, it just says rice, it doesn't say Thai rice!"
Or for the lazy folks, there's
22) Income from sale of investment units in a mutual fund.
Another great loophole. My US brokerage capital gains from mutual fund sales are now fully tax exempt!
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