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394
Thai tax tangle: Expats warned of new rules on overseas income
I am merely pointing out that the Director General has told people, other than foreigners, they have to file in this article. Does that not lend some weight to at least the possibility that he did in fact tell foreigners they have to file as well. Do you agree the BP is a credible source? -
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Biden Reflects on Strengthened U.S. Foreign Policy as Trump Era Begins
Sooo let’s see,infrastructure,stopped big pharma from ripping us off,domestic mfg of computer chips,stopped Russia (putin in his tracks for less than 5% of our defense budget,revitalized nato adding 2 top tier members,stood with labor,tamed inflation (a world wide problem)avoided a recession,seeded renewable resources supported all Americans in time of need……..not to shabby for a guy without the cognitive ability to reflect on anything ehh?time will tell for the next guy. -
147
Polish man arrested for spanking Thai woman’s bottom (video)
I think it's all exaggerated. cops need to pull him aside and work something out. end of pantomime -
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Netanyahu Praises Biden and Trump for Role in Ceasefire and Hostage Release Agreement
So 33, probably half who dead for over 1,000. This has Trump all over it, the Art of the Deal. -
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BBC Presenter Ugo Monye Faces Bankruptcy Amid £200,000 Tax Debt
Let me jump in here because I did a bit myself soon after I left school. I started labouring then joined a bricklaying gang as their hoddie, no ready mix mortar and no hoists, all ladder and scaffolding work. Great experience. Then eventually went on the trowel myself after some training. All that finished after an accident so changed career drastically. Went to Uni for that move. -
394
Thai tax tangle: Expats warned of new rules on overseas income
I absolutely take your point but remember the reports include details of the following for every individual account you have in both participant countries of the DTA, including credit card accounts. This means the Thai authorities can query us on any payments into the cc accounts to pay off the loan if they suspect the loan involved payment in Thailand. What information will be reported to tax authorities? The information reported to tax authorities will have been provided in the self-certification form, and details about the accounts and products you have, including: the balance or value the total amounts of interest or payments credited Sorry, but you've missed the point, and you continue to post inaccurate 'copy pastes' from a predatory expat tax agency. Firstly, credit card accounts themselves aren't generally reported at all in the CRS data sharing. Some credit card issuers are considered non-reportable financial institutions altogether. Others, do not need to be reportable if they have policies of not accepting overpayment of more than US50k, or have policies to return any overpayment in excess of US50k, within 60 days. Those that are reportable, are reportable on a depository basis- that is only if a credit balance is held, in excess of the reportable thresholds. That means, only people who load up their credit cards with a positive balance ( not credit limit) of $50,000 USD or more, at the once a year point, of this account being eligible to be reported. Based on this, it's logical to infer that very few credit card accounts would ever be reportable. Remember, only once a year this information is exchanged, and only on aggregate balances ( with some exclusions).- 2
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