Record Invalid Ballots and 'No Votes' in Thai Elections
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5
Biden’s Clemency Moves Sparked Backlash Within His Own Justice Department
Dont know how many weed dealers were let out, but child pornographers and murderers of FBI agents were shown consideration. The natural constituency of the Socialists. Socially friendly you know. -
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Gunfire Erupts in Pattaya Beach Brawl Near Police Station
That area late is a cesspool of negative activity. Nothing good is going on there after midnight. They should close the beach and surrounding area at 1 am and send all those drunk kids, druggies, pot heads and LB away. -
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EU Vows Strong Response to Trump’s Tariff Threats
Is there any country, apart from Israel, that Trump has not threatened? -
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Imagine? No bombs, no military...
Yeah, that was John Lennon's and I reckon most people's dream. -
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small business ideas in Isaan
From Texas too, San Antonio area, and yes, starting a business there is also hard, even though more have more cash. Competition is fierce and you have to find something different to make any money. Everything you can think of, from coffee shops to burger places, sandwich shops to vegetable or fruit sales, has already been tried. Here, they have much less money, and one thing Thais do well, is try and figure out what will sell, and that involves one commodity no one can do without. Food or drink. There are coffee shops everywhere, and they only last if there aren't any others close. Noodle shops and vegetable sellers barely get by, as that's the usual go to to make money here. My ex tried to start a noodle shop here in our village, and although she makes good noodle soup, it didn't make any money as there already is 4 others doing the same thing who have been here a long time. Another family member tried selling meat, veggies and fish, and it stopped in a few months for the same reason. Durian was big, and still is, but so many got into it, you'll see 5 sellers right after another on a road, and they have a hard time selling out because of it. Small business fail more than succeed because of the population and the competition. -
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Thai tax tangle: Expats warned of new rules on overseas income
Hang on. Think. Have you asked Expat Tax if they've ever filed a Thai tax return that includes declaring remitted Roth IRA withdrawals as foreign income? People have been remitting Roth IRA withdrawals to Thailand for many years now, if their position is accurate, they should have always been considered same year income and taxed, right? ( Newsflash, this hasn't been happening) What they're relying on here, is the IRA wrapper characterization being considered pension income. This is indeed the case in some countries where they consider a Roth IRA withdrawal simply as pension income. Do Expat Tax have a ruling from the TRD, that defines any ROTH IRA withdrawal as pension income? Or a ruling that defines the difference between remitting original capital and income? Let's be clear, a Roth IRA consists of contributions (income earned pre 2024, often over many, many years) , plus earnings on those contributions. Taxing the entire remittance would be taxing income earned prior to 2024. I cannot see this holding up in a legal challenge, given POR 161/2. In any case, there are multiple other simple ways to handle this, if it does become the TRD's position: A- Sell the IRA, buy a non pension asset with the IRA proceeds overseas, sell that asset immediately at cost, remit the proceeds. Not liable for Thai tax, no gains remitted. B- Remit the IRA proceeds as a gift C- Remit the IRA proceeds in a year you are non resident ( not ideal , not really a good 'structuring' work around but worth mentioning) Any tax advisor worth their salt would bring options like this to the table.
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