Thailand to tax residents’ foreign income irrespective of remittance

[webfact]

BANGKOK (NNT) - Prime Minister Srettha Thavisin has acknowledged the suggestions of the National Anti-Corruption Commission (NACC) regarding the government’s policy to provide a 10,000-baht stipend through the digital wallet system. 

 

The NACC on Wednesday warned that the program could violate the constitution and laws, potentially leading to a long-term public debt burden, and suggested focusing on structural economic improvements instead. It also raised concerns over corruption stemming from the massive initiative.

 

In response, the Premier stated that a sub-committee will likely be established to prevent the potential graft. He confirmed that careful consideration is already a priority and that the program will have clear mechanisms that can be audited at every step.

 

Regarding the NACC’s suggestion to use the annual budget over enacting a new borrowing act, the Prime Minister said the matter needed to be discussed to determine the best approach.

 

On the NACC’s recommendation to adjust the criteria to distribute money specifically to vulnerable groups or low-income individuals, the Prime Minister mentioned that it is the government's responsibility to determine who is eligible for the program.

 

As for whether the NACC’s opinion would cause the government to change its plan for the much-awaited policy or not, the Prime Minister stated that opinions from all sides must be reconsidered.

 

The next meeting of the program’s committee is expected to be early next week.

 

by Naark Rojanasuvan

 

Source: NNT 2024-02-08

 

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[bamnutsak]

4 minutes ago, webfact said:

The NACC on Wednesday warned that the program could violate the constitution and laws

 

Strange that there is no rush to file a complaint with the Courts for a ruling on the "legality" of this scheme?

 

 

 

 

 

 

[BenStark]

The 10K wallet will never materialize.

 

The PM is just waiting for others to advise against it to pull the plug and claim it's beyond his control.

[ikke1959]

It was a hidden vote buying thing...They know and knew already it was impossible, for many reasons.. too expensive, too difficult to implement, too sensitive for corruption, and in line with the so called constitution... But they have the votes, they are in power and they have to save their face now

[mfd101]

"stipend"?

 

Interesting usage.

[JoePai]

14 minutes ago, mfd101 said:

"stipend"?

 

Interesting usage.

And wrongly used in this context 

[Henryford]

What a surprise, the 10,000 was always just a pipe dream.

[Emdog]

"...the Premier stated that a sub-committee will likely be established to prevent the potential graft."

The entire program is graft!

" ....potentially leading to a long-term public debt burden"

As soon as the first baht is paid, it would be adding to the public debt burden....

[Srikcir]

5 hours ago, Emdog said:

As soon as the first baht is paid, it would be adding to the public debt burden

That wouldn't be unconstitutional. But it remains to be seen if the Senate will agree to the additional debt.

[Foxx]

7 hours ago, webfact said:

In response, the Premier stated that a sub-committee will likely be established to prevent the potential graft.

 

Of course, because subcommittees have been so wonderfully effective at presenting graft in Thailand in the past.

[kingstonkid]

This is going to be so easy for someone to beat the system.  

 

How many 16-20-year-old students will want to buy rice and other items?  versus a friend borrowing their phone for 9000 baht? 

 

Also, how is this supposed to help the mom-and-pop stores that most people buy stuff at?

 

Thhis will die the only question is when.

 

So far, out of all the promises that these guys in the coalition have made, they have actioned 0.

 

The big one is amending the constitution.  If they do not make any meaningful amendments, then I think that you are going to see MFP in whatever form they are sweeping the country.

 

 

[Skeptic7]

Thailand will NEVER open it's vast and deep coffers to help the poor and common folk. Too much greed. They adore their slave-labor proletariat. Not that B10,000 would lift anyone out, but would certainly be a nice bonus. But never gonna happen. Just smoke being blown up the masses asses. 

[KannikaP]

53 minutes ago, kingstonkid said:

How many 16-20-year-old students will want to buy rice and other items?  versus a friend borrowing their phone for 9000 baht? 

I was led to believe that it will be 'connected' to ID cards, not to phones.

[kingstonkid]

14 hours ago, KannikaP said:

I was led to believe that it will be 'connected' to ID cards, not to phones.

Digital wallets are what people use on their phones it might be attached to I'd but payment will have to come from phone

[KannikaP]

1 minute ago, kingstonkid said:

Digital wallets are what people use on their phones it might be attached to I'd but payment will have to come from phone

And IF someone does not have a phone? (Most unlikely, but possible)

Edited February 9 by KannikaP

[KannikaP]

23 hours ago, webfact said:

BANGKOK (NNT) - Prime Minister Srettha Thavisin has acknowledged the suggestions of the National Anti-Corruption Commission (NACC) regarding the government’s policy to provide a 10,000-baht stipend through the digital wallet system. 

 

The NACC on Wednesday warned that the program could violate the constitution and laws, potentially leading to a long-term public debt burden, and suggested focusing on structural economic improvements instead. It also raised concerns over corruption stemming from the massive initiative.

 

In response, the Premier stated that a sub-committee will likely be established to prevent the potential graft. He confirmed that careful consideration is already a priority and that the program will have clear mechanisms that can be audited at every step.

 

Regarding the NACC’s suggestion to use the annual budget over enacting a new borrowing act, the Prime Minister said the matter needed to be discussed to determine the best approach.

 

On the NACC’s recommendation to adjust the criteria to distribute money specifically to vulnerable groups or low-income individuals, the Prime Minister mentioned that it is the government's responsibility to determine who is eligible for the program.

 

As for whether the NACC’s opinion would cause the government to change its plan for the much-awaited policy or not, the Prime Minister stated that opinions from all sides must be reconsidered.

 

The next meeting of the program’s committee is expected to be early next week.

 

by Naark Rojanasuvan

 

Source: NNT 2024-02-08

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

 

What's happening, neither this post or the main story told us the PM's age.

It is 61 in case anyone needs to know!   555

[fondue zoo]

23 hours ago, webfact said:

On the NACC’s recommendation to adjust the criteria to distribute money specifically to vulnerable groups or low-income individuals, the Prime Minister mentioned that it is the government's responsibility to determine who is eligible for the program.

 

Don't you tell us who to give the money to!  We're not going to waste it on the pooours!

Soft Power!

 

 

 

 

 

[Karma80]

Just accept that platform to step down from the daft policy and get back to some real work on the country's economic future.