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Transferring money out of Thailand
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70
Democracy is Failing the Young – No Wonder They Want Change
Can you please provide a quote of me saying I take tax deductions? We will then decide precisely who it is who is lying. -
6
Wake Up! - EVs Are Here, and Your Gas Guzzler is on Life Support
Can't speak for Thailand where weather and distances are different from other places. I know if I lived in some areas where it gets REALLY cold I would avoid EV as some of them will not charge below certain temps and batteries drain faster. Also some folks needing long distance towing might prefer the 500 mile range of a diesel. My needs in Arizona are easily fulfilled by an EV. I never drive more than 100 miles in a day and always return to my house where I can charge in my garage. I could also easily add solar to provide the power. So when I need a new car I will look at an EV. At only 28,000 miles on my current ICE vehicle I am in no hurry and watch to see EVs improve in every area. But the attitude that only dinosaurs and future resistant people avoid EVs is projection. For some needs ICE is still superior to EVs. Having both options right now is the best world. -
8
Average height of NBA: Are players, today, too tall to be fair?
Good for you to highlight this GG. I personally think that American Basketball is a waste of space and for anyone who watches it; a waste of their time. There are three things that could be done immediately for it to be a decent sport. 1 - Make the net just one metre high. Help the height chllenged people. 2 - Make the net 10 metres high. That would stop all that dunking and ridiculous swinging on the hoop. 3 -Put strings across the pitch at 1.75 metres high. Put bells on them, Any player who runs into one, and rings the bell, get sent off into the sin bin. -
162
My Thai Tax Office Tax Filing Experience...
There was no discussion with any lower level TRD agent regarding my bank statements when I submitted them together with my tax filing. The woman who accepted my tax filing also showed no interest in reviewing my attached documents in general. She only asked what they were and why I was submitting them and then briefly glanced at the form to ensure I had filled in all the numbers correctly. After that, she simply stapled everything together and sent me to the next counter, where I submitted the entire package. At the final submission counter, they also didn’t review my forms. They simply entered the information into the system and issued a receipt. Additionally, my bank statements contain no exempt remittances, only the remittances I reported. When I submitted the bank statements with my tax return, I highlighted all remittances with a highlighter pen, and the total of those highlighted amounts matched the amount declared as income on my filing, making it easy for anyone to cross reference the figure stated as income in my tax return. The head of the department responsible for assisting with tax form preparation had specifically advised to me prior that submitting a tax return without any supporting documents, just a single income figure on the form, is not recommended as it could raise questions. So I followed that recommendation and attached my bank statements. They are free to call me in for an audit if they choose, but nothing will change. The numbers are clearly outlined on my bank statements, and there is nothing that should raise further issues. The statements also contain a few transfers between my own local Thai bank accounts, but those are unlikely to be an issue of question either. As I mentioned earlier, I have no intention of bringing in any non assessable income from overseas. I don’t have any non assessable pensions, and I would never attempt to bring in large amounts of long term savings while claiming they are non assessable because they were earned prior to 2024. Those are discussions I have no interest in having. The only money I will ever bring in each year will be an amount that qualifies as tax exempt because of the standard deductions and allowances, unless it becomes clear in the future that they start recognizing DTAs and allow tax that was already paid overseas to properly be declared and credited on an annual Thai tax return. But that still remains to be seen. Quoting further from a post I made previously within this topic: I’ve now decided to avoid transferring any money this year (2025) that exceeds the tax-exempt threshold. Instead, I’ll transfer in only the maximum tax-free amount, as I did last year, and reassess the situation moving forward. I wouldn’t want to find myself in a situation next year where I unexpectedly owe a bunch of taxes on money I transferred in this year. Hopefully, by 2026, there will be clearer guidelines on how to claim foreign taxes already paid under double taxation treaties and then maybe I will bring in more again in the future. That said, you should do whatever you feel is best for yourself. As I have already explained, any information I share on this topic is purely based on my personal experience and opinion. It is not intended as tax advice for anyone else. -
17
Trump's Trade War to Raise Prices on a Wide Range of Products
The favourite to replace Trudeau, Mark Carney, would be interesting to listen to. Dr Carney; actual economist. Its generally said tariffs only hurt the consumer, as the increase is passed on. The Smoot-Hawley Tariff Act of 1930 caued the Great Depression. The Great Depression allowed Hitler to come to power, and ultimately the impact of the US raising tariffs caused World War 2. But not strictly true if the consumer has a choice. That's Trump's imaginary solution. 80% of Canadian oil is exported to the US. But why does the US need Canadian or any foreign oil if it can drill baby drill. https://www.fuelstreamservices.com/why-the-u-s-cant-use-the-oil-it-produces/ For cars, its utterly dependant on imported oil, or expect sharp increases at the pump, and ultimately, in the supermarket (eg price of eggs). About 80% of medical equipment is imported, albeit made by US companies. Trump should ask his mate Putin how he got on onshoring the Russian medical industry post-2022. Russia has a lot of technical knowhow. They put a man into space first, They have nukes. They have incredible scientists. That's probably what Putin thought when he formed a panel to look at what medical equipment and medicines coud be Made In Russia Again (medicines and most medical equipments are not sanctioned, but they are now much more expensive in Russia, since 89-90% were imported). The response was not much. Its not just about know how; that will take years to develop, but in healthcare, doctors generally don't want to kill their patients with some hokey solution. A lot of politicians, East and West, don't understand this. They think its just about Will and Ingenuity. This was played out during COVID and Ventilators. With good reason. there was expected to be an increase in demand for Emergency Ventilators, only they weren't mass produced, generally only made, quite slowly, to order. We didn't have enough ventilators. So there was a worldwide, and unseemly scramble for available inventory. Anyone remember when Putin made America a gift of Russian ventilators, and other medical equipments in March 2020, to help out in New York. The President at the time thought it was a big deal, and he was very thankful. None of it made it anywhere near a US hospital. It went straight to the scrap heap. No American doctor was willing to risk their patients being hooked u to a shonky bit of kit that could actually kill them. Lots of countries had lots of people from industry to rethink how to make ventilators. In the US, Trump got GM and Ford, in a WW2 style effort make 50,000 ventilators in 100 days. In the UK, the government got the military involved, formed the "Uk Ventilator Challenge", lead by defence contractor Babcock to take the same approach as we did to Afghanistan, with "Urgent Operational Requirements", think out of the box, how to make a back to basics ventilator, war style, after thats what made the Sten gun brilliant.... James Dyson put in his awl, saying ventilator makers were idiots, and he was a genius rethinking the concept of the ventilator, in the same was he reinvented the hoover and changed how we dry our hands. Pretty sure Elon Musk pitched in. Trumpf must have loved this, all these fellow geniuses getting things done, a can do spirit. Only no one spoke to the doctors. For the same reason they didn't want Russian ventilators that catch fire anywhere near their hospitals, they didn't want ventilators screwed together by someone a week earlier who was screwing together a F150, nor a ventilator designed by a hoover maker using coke bottles and chicket wire. And this is what Putin found. Russian doctors wanted to have the same medicines as before, the same ultrasound as before, the same IVD tests as before. Not Russki knockoffs. The Healthcare supply chain is complex; I am working with certain national agencies to understand the supply chain landscape supporting their healthcare needs, using their own data that they can't understand. They were worried about the stresses revealed by COIV. They are genuinely worried about another COVID. But they are worried about the effects of Typhoons, Hurricanes and other natural weath events, and how that impacts supply. They are worried about financial failure. Did you know, there is a influenza testing device sold in the US, by a top US makers, it provides rapid and accurate testing for a battery of viruses. They assemble some of it in the US, they assemble another bit in their China subsidiary (the consumable, because they need that to be really cheap if scaling it up for population level usage). They don't know much about electronics, so they use a US contract manufacturer to design and make a reader. This CMO farms that out to its Singaporean subsidiary, who ultimately get it made in their lower wage Malaysian factory. Meanwhile, this test,, is worthless if it doesn't have reagents. Luckily, they can do that inhouse, except for the Control. Control is something to prove the test works. Its an inert derivative of the virus you are trying to detect. It can only be made in a laboratory that is growing active virus to actually quite large amounts. Its a lab that needs particular containment measures, of the sort seen at the Wuhan Virus Research Institute. This major US manufacturer sources its killed control from a little Dutch sub-contractor, from their little Dutch BS3 containment facility. The manufacturer operates with a 8% margin; it squeezes its suppliers because its responsibility is not to provide cheap tests for patients, but to provide return to its shareholders. For this US manufacturer, about 40% of volume goes to the US. It has a leading market share in the US, but is more pressured in the EU and China thanks to less strict regulatory oversight. It has to pay the tariffs. It could pass all of that onto the providers in the US, or it can try and squeeze its suppliers some more, raise prices in non-US markets. Or it might say, Fk It, the cost of business in the US is already quite high, lets reduce our exposure there, and focus of expanding market share in those fast growing markets in APAC. Revenue is revenue. With less competition in the US, prices rise, but also device/medicine efficacy falls; manufacturers have no incentive to improve things. Its US companies that have largely created the global ecosystem of trade that Trumpf rails against ("the globalists"). US sales are very important to them, or course but so are non-US sales. That proportion varies by industry. In the traditional industries, lke cars, American car makers still sell most cars to Americans, and that will always be like that. Its in the Tech industries where its very different, the same tech industry that Trumpf is pinning his hopes on with the US re-industrialization strategy. Its going to work for traditional industry. One outcome is your frying pans (skillets) will no longer be mostly Chinese, but American. They'll be more expensive, but American. But guess what, people don't use skillets so much any more. Its all about air fryers now. Tech firms have the largest proportion of revenue from outside of the US. Now Trump wants then to reshore their operations, making them less compeititive in the markets they have always existed in. He'd have to devalue the US Dollar to do that. Oh wait, he doesn't want to do that, because the USD is strong. -
175
Day-to-day life in Myanmar
Lol, that map is out of date! Attacks have occurred 13 km from the city and it's predicted that the pdf will attempt to cut the airport road and the Pwin Oo Lwin road. Situations can change fast...
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