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2,530
Thai tax tangle: Expats warned of new rules on overseas income
This would apply to pensions only of course - he specifically speaks about pensions like the UK 'old age pension' - not a 'government pension' from being a pimms quaffing whitehall type civil servant (as exampted by the treaty, of course - these are the very people who negotiated the treaty and they exempted themselves) but the basic pension which most people seem to get which is essentially 'social security' and Thailand doesn't tax that for Thais so they can't tax it for foreigners because it would be discriminatory, now a DTA may come into play with a non discrimination clause - but maybe not - because if the Thais are not taxed on it then they can't just go ahead and tax the foreigner for whatever made up reason they want to. This is the first time I've heard this argument presented by Carden and his team. His employee (the Thai accountant woman in the video) has been talking to the revenue department about it for a long time according to the video. Seems legit to me. Anyway I have no pension but I figured I'd mention it here because I know a lot you guys do.....and I like to think many people can avoid this completely If I were a Thai tax resident I would speak to the one of the many Thai accountants who works at his company. -
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The U.S. dollar is tanking — and the likely explanation is not flattering for Trump
I haven't seen 34.4 to 1 in awhile. -
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Trump’s Tariff Strategy: US can no longer act as the world's economic shock absorber
Not even a hint of positivity. -
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Breakfast in Pattaya - Ongoing Thread as I tour the best spots
Breakfast is so easy to make at home and much better. Do expats really go out regularly and eat breakfast. They wouldn't know an over easy eggs style. Cold toast, frozen butter, instant coffee. Is this what retirement looks like? Making videos of crappy breakfast spots? Maybe GeorgieG is right after all. -
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2,530
Thai tax tangle: Expats warned of new rules on overseas income
Don't think it matters........Thai or foreigner, as it's foreign-sourced income. Thais don't pay tax on capital gains from stock or fund sales, unless from foreign stocks, and I do believe taxed as ordinary income. And apparently there is a catch in the Thai-US DTA! The US-Thailand Tax Treaty stipulates that social security income and government pensions are only taxable by the US unless an individual becomes a resident and a Thai national.
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