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446
The Investing Year Ahead
For the last 40 years, I have tried to seperate "technical corrections" versus a "veritable trend change". I used all technical/fundamental indicators including the wisdom of a Romanian Cairvoiant Gipsy Lady. Age 102. Useless. I still can't seperate a "technical correction" from a "change of trend". Not after 40 years. 😂 -
500
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
You state anything that I said. And you call me a liar. -
500
UK Pensioners in Thailand Face New Scrutiny Over Pension Fraud
Point 1 wrong Point 2 wrong Point 3 wrong Point 4 wrong. Why do you keep coming out crap? -
22
Beloved former President Obama tears the convicted felon a new one
Posts like this make your subsequent complete and utter melt down all the more humorous. Keep up the good work! -
10
Trump preparing for his post election employment?
Well that was fun while it lasted. Has Danderman been back lately? -
22
Beloved former President Obama tears the convicted felon a new one
ThisObama chastised rant towards Black Men didn’t move the needle, in fact Trump gain more Black Voters than any Gop in almost 50 years. https://www.newsweek.com/donald-trump-black-voters-gains-results-1982939 -
446
The Investing Year Ahead
I'm with you, I think we're headed for a spell downwards. -
3,043
Thai gov. to tax (remitted) income from abroad for tax residents starting 2024 - Part II
I don't think about the 4 million or so foreigners who live in Thailand, only the 180,000 or so Western expats, some of whom have frequented these forums for the past 20 years or more. I know from previous debates over that period that the number of expats using the income method is not small, but I have no idea what the number is. The fact remains that even today, many expats are unable to raise the 800k needed for a visa deposit and must resort to illegal agency tactics for this purpose.....I don't believe this is a small number of expats. I cannot recall ever being involved in even one discussion about Thai Tax, prior to the current slew of threads following news of the rule change, tax was simply not something that members debated, or even enquired about, it just wasn't on anyone's radar. If ever there was a debate involving tax, it was always in the context of tax free interest bearing accounts available in the IOM and elsewhere offshore. From a personal perspective, Thai tax was never something that featured in my remittance planning over the years so I suspect there were times where I remitted savings principle along with interest earned in the same year. My pensions have long been deposited directly into my Thai account but fortunately are multi country sourced, the combination of which makes the total free of Thai tax. But I recall from those past debates that many were not as fortunate yet still tax was never an issue. I did not generalize about the number of expats, I said I don't know and merely offered a probable range. Unlike you I think it is sometimes helpful to remind ourselves of these these types of issues because it may provide some insight into TRD thinking, rational and motivation. I have no idea how many people have ignored Thai tax over that period or whether the range should be 1000 or 5,000 or 10k, 30k or 50k. What I do know for certain is that tax was never a concern and for many it was never a consideration, so if the number ended up being higher rather than lower, I for one would not be at all surprised. Of far bigger concern to expats over that period was the Baht/Pound exchange rate, which threatened to make many expats ineligible for their visa's and did send many back home as it fell from the 70's down to the low 40's over many years.
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