'Toilet Trouble'
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1,786
Thai tax tangle: Expats warned of new rules on overseas income
Yes, tax deferred income -- but pre 2023 income nevertheless. And, yes, when I take my Required Minimum Distribution of my traditional IRA in 2025, it will be fully taxable by the IRS. And per DTA -- if Por 162 had never come about -- Thailand has exclusive taxation on my remitted IRA (but the US also taxes it, per the saving clause, but has to absorb a tax credit for the Thai taxes). But, Por 162 did come about. And, by my reckoning, it says it is now not taxable by Thailand, 'cause it's pre 2023 income. So, what we're left with is: IRA withdrawal still fully taxable by IRS. But no tax credit to absorb, since Thailand can't tax it, per Por 162. So, you now pay full fare to Uncle Sam -- and nothing to Thailand. Bottom line: Full fare taxation to US, no taxes to Thailand under Por 162 would probably be same/similar, in total taxes paid, to paying taxes to Thailand, but having that same amount subtracted from US taxes, per credit. Thus, a wash. -
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Thai-Irish Couple Reports Swiss Man Following Restaurant Confrontation
Well I am too and I am not even Swiss. This sort of thing makes all farangs look bad. We are all guests in this country and should behave accordingly. -
1,786
Thai tax tangle: Expats warned of new rules on overseas income
There is only one answer for that (which you know): "This is Thailand". lol. -
232
Promises made Promises kept , POTUS first few days! The lefts radical response!
I must have touched a cognitively damaged nerve. -
232
Promises made Promises kept , POTUS first few days! The lefts radical response!
Canada wants it, they have all along, and Biden cancelled it. Pipeline is the most environmentally method of transporting petroleum. -
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Thai motorcyclist hits South Korean man on zebra crossing - video
"Kwanchai has initially been charged under Sections 22 and 43(4) of the Land Transport Act for failing to obey traffic signals and reckless driving causing injury. The penalty for these offences is a fine of up to 1,000 baht." Ok, so the tourist gets a broken head, hospital bills, flies home early (with the resulting blowback from other tourists in his country choosing another destination, causing possibly millions in lost tourism damages to Thailand), and the jerk who flew through a red light and crosswalk has to pay a whole 2000 baht for almost killing a person? Is that enough incentive for following traffic rules in Thailand? This madness will not stop until the Government wakes up.....
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