It should not be a major story in Expat news circles, because it does not affect the vast majority of Expats.
It only affects Expats that remit ASSESSABLE income into Thailand from overseas.
Given that the vast majority of online Expats affected are living day-to-day on a meager non-exempt assessable pension, subsisting mainly on mama noodles, it makes you wonder why Thailand enacted it, in the 1st place.
* There will be some Expats outside those that have gotten their finances in order.
Prosperity comes from making more money than you spend. IIRC Mr. Micawber was the first to enunciate the concept.
Every nation seems to be hooked on credit. Instant gratification with depreciating assets.The last time I was in debt was 50 years ago.
The average American has a debt of $104,000. To me, they are a nation of deadbeats.
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