Assembly Endorses Law To Monitor Bank Accounts, Tax Online Shopping

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Assembly Endorses Law To Monitor Bank Accounts, Tax Online Shopping

By Teeranai Charuvastra, Staff Reporter

 

Singer and entrepreneur Kerika "Jinny" Chotivichit poses for a photo at an event promoting online shopping held by Shoppee.com in October 2016.

 

BANGKOK — The interim parliament on Tuesday unanimously approved a new bill that would increase government monitoring of private banking to collect tax revenue.

 

After a long debate, the assembly by a 139-0 vote approved the draft law, which would nominally tax online shopping. The bill requires individuals whose bank accounts show over 2 million baht worth of transactions per year to disclose those accounts to the revenue department for tax assessment.

 

Source: http://www.khaosodenglish.com/news/business/2018/12/05/assembly-endorses-law-to-monitor-bank-accounts-tax-online-shopping/

 

-- © Copyright Khaosod English 2018-12-05

[seajae]

just a grab at money, they should be trying to get tax from all the cash only sellers that dont declare it, there are some making millions of baht all under the radar. You only have to look at how pathetic thai websites/internets are set up to realize that they would not be able to even set something like this up, they simply lack the technology/know how, many think they know what they are doing but they actually dont and bugger up more than they fix

[holy cow cm]

There will be ways to stay under 2 million per bank account. 

[brain150]

All taxes are theft !

Who gave the Government the right to steal money ?

 

Answer:

Nobody !!! Because nobody has the right to steal so nobody can give this right away to a Government !

People are just so brainwashed that they actually think taxes are a good thing ... they are not and they are not necessary at all !!!

Governments finance themselves differently !

[Raymonddiaz]

139 yes 0 no. After a long debate lor????? 

[anon537687643]

Ah the current so called “assembly” a stooge of the Junta ! To be replace by another Stooge assembly after a fake election


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[Burma Bill]

OR to make sure farangs have 800,000 baht deposited or income of 65,000 baht per month!

[DrTuner]

As usual, don't keep any money in Thailand and use non-Thai cards to pay. Always been the case. Feel free to go through my BigC purchases.

[robsamui]

This one is dead in the water. Once somebody in authority realises that Lazada is owned by the same Chinese company (Ali Baba/Ali Express) which is spreading Union Pay throughout Thailand (and paying out enormous back-handers to replace VISA & Mastercard in Thai banking with this toytown card), everything will just fizzle quietly out.

 

Edited December 5, 2018 by robsamui
editing

[Redline]

Chinese excluded.  What about tracking everyone in the government to monitor corruption?  How long will that debate be?

[yellowboat]

It will pay to have a bank account in a neighboring country just to avoid the hassle.  The Thai Government is so smart. 

[chama]

1 hour ago, Redline said:

Chinese excluded.  What about tracking everyone in the government to monitor corruption?  How long will that debate be?

Big Brother only looks at others, and if they ever look inward we will never know, but surely that is where the biggest gains are to be made.

[sammieuk1]

Wouldn't mind monitoring her 5 a day ????

[DJ54]

I’m not concerned personally but have concerns giving blanket access to monitor a persons or companies bank account.

 

Instead of blanket approval access there should something similar 

to a warrant that has to be approved on individual concerns.

 

I could imagine someone of authority having a beef with someone

and just to be a dick monitor / or put their bank account on hold. 

 

 

[MyFriend You]

On 12/5/2018 at 2:45 PM, brain150 said:

All taxes are theft !

Who gave the Government the right to steal money ?

 

Answer:

Nobody !!! Because nobody has the right to steal so nobody can give this right away to a Government !

People are just so brainwashed that they actually think taxes are a good thing ... they are not and they are not necessary at all !!!

Governments finance themselves differently !

The Simbionese Liberation Army Manifesto...........says the same thing, along with six other juicy topics to support their seven headed attack on all things Government..........without taxes how would your country fund schools, build/repair roads  -  Oh, nevermind, thats getting a bit too deep in the woods for you I suppose. 

[MyFriend You]

On 12/6/2018 at 3:31 PM, DJ54 said:

I’m not concerned personally but have concerns giving blanket access to monitor a persons or companies bank account.

 

Instead of blanket approval access there should something similar 

to a warrant that has to be approved on individual concerns.

 

I could imagine someone of authority having a beef with someone

and just to be a dick monitor / or put their bank account on hold. 

 

 

They have been doing it for decades, its just now it is legal............Thailand has caught not a few wanted criminals and terrorists monitoring banking transactions...........nothing new to see here folks.......let's move on to the next important topic, like Counterfeit Durian being exported to China!!!!