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Double Taxation Avoidance Agreement (DTAA) between Thailand and Australia
Withholding tax. If you inform your bank in Australia you are now a non resident for tax purposes, should you supply your overseas address, you pay 10% tax on interest, but the ATO exchanges your information with Thailand, and if you don't supply an overseas address, it's 47% tax. Of course, no tax free threshold, either. Yes, everyone's situation is different. Most Aussies working in Australia today are contributing to super as it's compulsory to do so. Super started in 1992, and salaries were very low back then. Most expat retirees, despite living in Thailand, would most likely not have enough super to see them through to end of life. This is mainly because super was not around for their whole working life in Australia, and salaries were very low back then. I would suggest this is the main reason many sell up in Australia, mainly property, to fund their retirement here, possibly with a part pension also. I think you will find the 45 days becomes very relevant to many here in the future, with many of them not maintaining accommodation back in Australia, which is one of the four factor tests for the 45 days. See below. "Australian accommodation: This examines whether the individual has a permanent home available in Australia, considering factors like ownership, rental agreements, and the nature of their living arrangements." There's no fear mongering. It's all in black and white. It's the law. It's the proposed changes to tax residency that will allow the law to be implemented more efficiently, a lot more efficiently, so much so, many non residents for tax purposes will be scooped up in the net, where they previously escaped non resident tax. -
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Why are there so "few" tourists in Thailand now?
Bangkok seems quite busy, plenty of tourists, seems like a lot of families with children. Never seen so many strollers. BTS packed. Money changers have lines. Erawan Shrine busy. -
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USA Trump's Deportation Drama: Polls Reveal Public Backlash
From what I linked: The survey, conducted by polling firm Cygnal between July 1 and 2... . From the OP: A Gallup survey in June... . -
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Report Fed-Up Nottingham Dad Moves Family to Thailand for New Life
Yes, teaching them about booze and food prices🤗. Stupid teach stupidity. 😮💨 -
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Do you know your wife/girlfriends body count?
OK and best of luck with the kids. I agree with little of the above as it relates to YOU but if it works in your mind, then have at it. I have a brother I'm "not" dealing with at the moment out of choice that has wrecked his marriage and his family with his a drug addiction and better than thou attitude. He sounds much like you and blames his wife and fate. Sad really but nothing anyone wanting to help can do because some just don't get it. Freddy, fix yourself and forget about the faults of others. The problem is that it is very difficult and, some like yourself, would rather blame everybody but themselves.
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