Thailand Moves Closer to Wealth Tax with New Asset Tracking

[oldcpu]

16 minutes ago, Celsius said:

 

Thanks. I do Canadian non resident tax return every year. Remitting.... using a credit card?

 

I tried credit card once (paying trivial amount owed to Revenue Canada by a credit card). Maybe I did it wrong.  It failed at first and on a later attempt I had an extra (big) payment company fee relative to a small amount of tax due.

 

Then (stupid me) in a subsequent year, I did a bank transfer from a Canadian bank to Revenue Canada. That worked for Revenue Canada, but somehow that woke up the Canadian bank to my being a non-resident to Canada. The Canadian Bank immediately froze my RRSP and my Canadian margin trading account.  It took me almost a year to sort that, so I could trade again (moving all funds to a different financial institution).

[EVENKEEL]

9 hours ago, lordgrinz said:

 

Retired Expats in Thailand are considered rich here in Thailand, so you may be <deleted> out of luck.

Maybe by poor Thais but what about the rich hard working Thais? Contrary to what many farang think the Thais aren't all poor.

[SiSePuede419]

You can always live in a thatched hut in Scotland on a sheep farm if you don't like modern society and it's rules.

 

And stay off the internet, hypocrites. 😄

[cdnvic]

Removed a personal attack and posts quoting it.

[scoutman360]

Does this guy understand that the wealthy Thais with money overseas are paying taxes on their money to the country where the money resides? Knowing of the existence of double taxation treaties between so many countries, this would lead Thailand to become bottom feeders; doubling the revenue department cost and overhead so they can search for scraps overseas. Same as the IRS. People will always migrate to tax haven countries/cities/states/etc. If you want their money, try making your country a more attractive place to keep it. 

[Negita43]

5 hours ago, oldcpu said:

I think every one has been asking that question for the past 3,000 ? years.

Surely then we must have an answer by now or are we waitng for AI to give it to us?

[Ben Zioner]

8 hours ago, Muhendis said:

How many Thais have houses in places like London and Dubai?

These are not so easy to hide or move around as cash.

Sure but these same Thais may decide to stay in Thailand less then 180 days a year.

[koolkarl]

16 hours ago, oldcpu said:

 

You are allowed to stay in Thailand.   THAT is what you get in return. 

 

There is more than just 'immigration' aspects to stay in ANY country in this world, and that includes Thailand.

 

One needs to follow the local tax laws.  Including tax laws.

 

Try staying in any G7 country as a non-citizen , who is a tax resident to those countries.  Thailand is no different there  - except Thailand does not (yet) tax global income if not remitted to Thailand.

 

If the polluted air bothers you (and it would bother me, which is why I live in the south of Thailand) then you should move.

You  still don't get it.  You get nothing extra for paying income taxes or a wealth tax that is looming, no health care, no residence status, just polluted air. You still have essentially a 1 year tourist visa which is called retirement visa, 90 day report, renew visa yearly, etc. There is zero added value for paying any taxes.  If you filed a tax return in Canada, and it sounds like you are from there, at least you would be a legal immigrant and get health care for what that is worth there.  Here, they just laugh at you.