-
Recently Browsing 0 members
- No registered users viewing this page.
-
Topics
-
-
-
Popular Contributors
-
-
Latest posts...
-
-
1
Conscription in Sisaket
Ask your Thai partner to check with friends/relatives, they know the contacts and procedures. Fee is around 50 k and rising. -
8
Report Bangkok Cracks Down on Trucks in Low Emission Zones
I often wondered why there are so many trucks on the roads in Thailand, where I live. In the West, you seldom see many trucks -
12
Transport Bangkok to Revamp Public Transit with Electric Buses
"While it's not clear when these electric buses will start operating..." I think it's pretty darn clear from the article that the answer is not any time soon, as has always been the case with Bangkok and its terrible buses. Just 368 million baht has been allocated, according to the article, and each component costs far more than that, with several costing billions of baht. The bus lease alone is 10 billion baht. They're not going to get very far with their measely 368 MB. Back to the belching diesels, which my Thai spouse, now in his late 50s, tells me are the same ones he rode as a child. -
10
5 Year Crypto Tax Holiday Announced.
When this announcement was broadcast on the 17th June there were a couple of other items that were included with the main 5 years PIT exemption headline. I’d be interested to hear other Bitcoiners take on those. Thailands move to implement the OECD CARF framework. Basically this framework is designed to automatically share digital asset information with countries worldwide, bit like the CRS that is already in place for fiat. Setting aside the ever increasing encroachment on financial privacy, It’s not really the point of course but as long as you are not doing anything you are not supposed to be doing then all will be good. Edward Snowden summed up this perspective very well when he said something along the lines of ‘Saying privacy isn’t important because you have nothing to hide, is like saying freedom of speech isn’t important because you have nothing to say’. Nuff said really. TradFi is moving full steam ahead into adopting crypto clearly, so we have to expect everything that comes with that. If you are an old school bitcoiner then this is going to be a hard pill to swallow. The whole idea originally was for it to be an alternative to the traditional system. Love it or hate it, I suppose that was always going to be pie in the sky dreaming and was never going to be the case once it started gaining system acceptance. rough with the smooth, it is what it is as the youth of today like to say. The other point mentioned was a digital VAT type tax is being considered on digital transactions. Personally speaking I would find this sort of acceptable if it was something like 8% - 10% and that was it, but only if the 5 year exemption remained in place. Wouldn’t be very happy if that was in addition to the normal PIT after this 5 year break ended. Lets see what happens, 5 years is a long time in crypto. One last point, it is all speculation of course as we could all have been vaporised by mushroom clouds before 2029. but fun to discuss all the same. What do you believe the odds are of this 5 year break being extended longer than Dec 31st 2029? Personally speaking it seems obvious to me that to end this in 4 ½ years time would be an unbelievable stupid thing to do. Lets says because of this amazingly good forward thinking, Thailand really does become the crypto Dubai of SE Asia. What do you think will happen come the end of 2029? Personally speaking I would be positioning myself so that I would be no longer cashing out any crypto after the 31st of Dec that year. I’d personally be making sure I did all that I needed to do before the deadline to set myself up for probably the remainder of my life. In other words, if it really does close at that point in 2030 everything will simply reverse, people would stop cashing out and those that came here for the break would just leave. Also considering there is a very good chance BTC will be close to or will have already passed the $1m per coin price, to end it then would be completely insane. TIT though so anything could happen. Over to you. -
133
-
-
Popular in The Pub
-
.thumb.jpg.3ee24d9400fb02605ea21bc13b1bf901.jpg)
.thumb.jpeg.d2d19a66404642fd9ff62d6262fd153e.jpeg)
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now