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51% of a "Thai" Company is owned by another Thai Company that is 49% Foreign-Owned -- Is that legal?
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More Wise issues
Just checked $2,400 USD via SWIFT (no outgoing fee with Chase Bank) to Bangkok Bank minus .0025 incoming fee of $6.00 = $2,394 converted at 34.14 = 81,731 THB Wise was 81,614 -
463
Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
He divides the country's trade deficit by their exports to the US He divides the trade deficit by the country's exports and divides that percentage by 2 to cover all of the "cheating" that other countries do. Simple as that. To make it look authentic this is the actual formula When he talks about another country's tariffs he is really looking at a number of subjective factors and assumptions from the Office of his Orangeness: While individually computing the trade deficit effects of tens of thousands of tariff, regulatory, tax and other policies in each country is complex, if not impossible, their combined effects can be proxied by computing the tariff level consistent with driving bilateral trade deficits to zero. If trade deficits are persistent because of tariff and non-tariff policies and fundamentals, then the tariff rate consistent with offsetting these policies and fundamentals is reciprocal and fair. Consider an environment in which the U.S. levies a tariff of rate τ_i on country i and ∆τ_i reflects the change in the tariff rate. Let ε<0 represent the elasticity of imports with respect to import prices, let φ>0 represent the passthrough from tariffs to import prices, let m_i>0 represent total imports from country i, and let x_i>0 represent total exports. Then the decrease in imports due to a change in tariffs equals ∆τ_i*ε*φ*m_i<0. Assuming that offsetting exchange rate and general equilibrium effects are small enough to be ignored, the reciprocal tariff that results in a bilateral trade balance of zero satisfies: https://ustr.gov/sites/default/files/files/Press/Releases/2025/Screenshot%202025-04-02%20200501.png -
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Luxury Furniture Fuss as State Audit Office Faces Backlash
File photo for reference only Details of extravagant expenses for Thailand's new State Audit Office (SAO) have ignited public outrage, particularly on social media, after the building collapsed in Friday's earthquake. The STRONG Anti-Corruption Thailand Facebook page brought the issue to light by revealing the exorbitant costs tied to the building's furniture and fittings. Highlighted among these expenses is a conference chair priced at an astounding 97,900 baht, with 28 chairs purchased solely for two rooms. Additionally, luxury handwoven nylon carpets and leather-upholstered sofas were part of the lavish spending, with carpets in the chairman's office priced at 110,000 baht each. Public reaction has been fierce, with many Thai citizens voicing anger over what they perceive as a blatant misuse of taxpayer funds. Social media erupted with statements criticising the SAO, questioning their capacity to audit government spending effectively when their own expenditures appear so unchecked. The civic outcry calls for enhanced transparency and accountability, pressing the SAO for a justification of such grandiose spending, especially amid governmental cost-cutting measures in other areas. The situation underscores the pressing need for reforms to ensure more prudent use of public money, reported Bangkok Post. -- 2025-04-03 -
463
Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
Nope. Australia wont do that. It’s a tax on Australians. We don’t believe in Taxation Without Representation. -
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Australian Teen Dies in Koh Samui Motorbike Collision
But they will spend a fortune on getting drunk, makes no sense. -
17,680
Australian-rules-football-afl-chatting-tipping-and-news
Ahh the stress of it all, you are not in the gutter alone there uncle Willie, my exile from trashy journalism keeps me reading the headlines only, tut tut Oscar, you been a and boy, wonder when they will join the Eagles s.h.i.t show to the Dees s.h.i.t show...and they haven't started on Hinkley and Voss yet..
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