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1
Chang mai
Road conditions in cm are fine with a few potholes and and occasional hazardous drivers -
281
Thailand's Expats Urged to Register with TRD for Tax, Says Expert
Yep. He "interpreted" (misrepresented for profit is a better descriptor) the Thai-US DTA's "saving clause" as NOT being applicable to remitted IRA proceeds -- making Thailand the only country where US persons, being tax residents of Thailand, did not have to declare their IRA income on their US tax return -- because the DTA gave Thailand "exclusive taxation rights" on IRAs. And not having to pay Thai taxes, 'cause of the "not remitted in year earned" rule. Result: Pay no one any taxes on your annual IRA RMD cashout, if you spend 180 days in Thailand, and don't remit that RMD cashout until the next year. Too good to be true? Duh. And, yes, the DTA does say Thailand has "exclusive taxation rights" on private pensions and IRAs. But, the US inserts a "saving clause" into every one of its DTAs, allowing in all but a few situations (e.g, alimony, child support) US taxation authority override of DTA language. Sounds arrogant, right? But in actuality it doesn't override any of the spirit of a DTA, namely prevention of double taxation. What it does do, however, is prevent double No taxation. For example, in this case, where Thailand doesn't take advantage of its exclusive taxation right of IRAs -- the "saving clause" allows the US to tax this IRA -- and keep all the proceeds. No double taxation violation here. But if Thailand did tax the IRA, then the US would have to absorb a tax credit for this Thai taxation -- again, no double taxation. The OECD loves the concept of the saving clause, as it prevents a no no taxation situation, which is at the heart of the OECD's new Model Tax Treaty language. I won't belabor the point -- this IRA "saving clause" situation was settled in similar situation involving Switzerland -- and can be found at the below link. But Thomas Carden has successfully sold the IRA tax avoidance scheme to, apparently, many Yanks here in Thailand -- and the scheme is, apparently, too complex for the GS-11 at the IRS to see through (the Swiss example was solved by the senior lawyer on the IRS staff). https://aseannow.com/topic/1008555-tax-specialist-in-chiang-mai/page/2/ But now with all remittances, regardless of year remitted, being taxable -- Carden's snake oil bubble regarding IRAs has burst. Good. He's a licensed Enrolled Agent for the IRS -- and like with CPAs, he takes a fiduciary oath to protect his clients, and the US. Some of us take that oath seriously -- others apparently don't. So, beware of anything Carden is selling. -
47
Trump's turn to face the age question . . . .
You claimed he spoke incoherently, and to prove it, you show that you remember what he said perfectly. Not a very compelling argument. I wonder how many people that heard Trump talk about Haitians eating cats and heard Harris and all the leftists laughing, and leftist moderator “fact-check” Trump. Ha ha ha. But then went and googled it and read about what a nightmare the people in Springfield were going through as a direct result of leftist policies. And then turned on CNN and heard them all calling the people of Springfield racists and bigots. ha ha ha ha ha -
62
Why I left Thailand
Getting health insurance is not only expensive but it is useless when you are suffering from these diseases already. Thanks -
5
Have they ever refused to give a re-entry permit?
Thanks for all the answers. Definitely gives me back some peace of mind. -
21
Thailand Targets Eight Million European Tourists for Record 2024
Like a broken record. The tourism industry contributed 2.78% to GDP in 2022, and 7.24% in both direct and indirect contributions. Whereas manufacturing contributed 35%. I know where I would focus. Forgot, they need people uneducated and unskilled to work as labor for rich people. -
9
/Featured Quiz 8th November - Weekly Featured Quiz - General Knowledge
I just completed this quiz. My Score 30/100 My Time 302 seconds -
60
Why Kamala Harris Lost: The Challenges of a Complex Campaign
Social Security and Medicare are the cans that both parties kick down the road. Neither party has the guts to fix them.
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