Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II

[stat]

1 hour ago, KhunHeineken said:

Can be worse than what's happening in Australia in relation to energy. 

 

Australia has vast gas reserves, and in fact, is a major exporter of gas, yet Australia is looking at having to import gas.  It will most likely be our own gas that we buy back. 

There are contracts here in Germany were you have to pay over 60 US Cents per KwH in  a fixed contract. Pretty sure AUS cannot "beat" that. The lowest you can get is around 31 US cents.

[KhunHeineken]

15 hours ago, stat said:

There are contracts here in Germany were you have to pay over 60 US Cents per KwH in  a fixed contract. Pretty sure AUS cannot "beat" that. The lowest you can get is around 31 US cents.

You can pay over $0.60AUD per kilowatt in Australia during peak hours, but the electricity providers are charging obscene money for "supply fee."  That's a daily fee you must pay just to be able to have electricity connected to your property.  Do you have this in Germany.    

 

Australia went from being a country with one of the cheapest electricity prices in the world, to a country with one of the most expensive electricity prices in the world, and Australia has an abundance of coal and gas. 

 

The cost of electricity because so expensive it impacted the manufacturing industry to the point it was not viable for many factories to continue. 

 

Australia has experienced electricity shortages in recent times, and they predict gas shortages in the near future.  It's a disgrace. 

[UKresonant]

Have the latest bill, just came in the post (UK);- 

Electric £0.2192 per kwh ~0.43 AUD

Standing charge per day £0.6463 per day ~ 1.29 AUD This is on a fixed contract till 2026,  belive the kwh rate has gone up approx 10% since.

 

Because my 'centre of vital interest' will likely remain the UK, if TRD move to Global Tax it would be very sour, considering all standing costs in the UK.Then add loss of some income being tax free, £3000 CGT allowance loss. Would make that step over the 179 Day line a much bigger issue, compared to remittance basis.

[stat]

On 1/11/2025 at 10:41 AM, KhunHeineken said:

You can pay over $0.60AUD per kilowatt in Australia during peak hours, but the electricity providers are charging obscene money for "supply fee."  That's a daily fee you must pay just to be able to have electricity connected to your property.  Do you have this in Germany.    

 

Australia went from being a country with one of the cheapest electricity prices in the world, to a country with one of the most expensive electricity prices in the world, and Australia has an abundance of coal and gas. 

 

The cost of electricity because so expensive it impacted the manufacturing industry to the point it was not viable for many factories to continue. 

 

Australia has experienced electricity shortages in recent times, and they predict gas shortages in the near future.  It's a disgrace. 

Fully agree it is a disgrace for Australia to have such high electricity prices as AUS is full of natural resources where Germany has close to none. Supply fees also exist here plus a ton of taxes and other nonsense added to your bill. Average like 15USD -30USD per household monthly fee just to be connected to the grid.

[KhunHeineken]

1 hour ago, stat said:

Fully agree it is a disgrace for Australia to have such high electricity prices as AUS is full of natural resources where Germany has close to none. Supply fees also exist here plus a ton of taxes and other nonsense added to your bill. Average like 15USD -30USD per household monthly fee just to be connected to the grid.

Electricity prices are so bad in Australia they are now a regular election issue. 

 

A few years ago there was a saying among pensioners, "Do I heat, or do I eat, because I can't afford to do both."  (in reference to warming the house in winter and also being able to buy food)  The sad thing is, it was true of many pensioners then, and is still true to this day.  People are suffering due to  electricity prices, and there is no end in sight. 

 

Electricity in Australia should never had been privatized.