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Recent content by thomasparra

  1. thomasparra

    Hsbc account restricted

    Sorry you are experiencing this. It must be one of the most horrible things to deal with. Could you provide more details about your citizenship(s), or why you think they are freezing your account? If they have "reasonable" reasons to freeze your assets for that long, they might think money...
  2. thomasparra

    HSBC Premier Lifehack

    I did open all my accounts through my Premier manager. On a side note, I believe we come from the same country. I’ll be in Bangkok in the next couple of days. Happy to meet if you there and down to share some beers.
  3. thomasparra

    HSBC Premier Lifehack

    The IRS and HSBC are two big points of failure I do not want to deal with, especially the IRS. I don't want to get into a 3-year discussion to get the 30% they have withheld from my profits. My peace of mind is more important
  4. thomasparra

    HSBC Premier Lifehack

    Per month? Would it work if I deposit the money from a EMI through which I have a unique US bank account under my company's name? No, I have a Chase Sapphire Reserve. I get at least 4.5% redemption on all travel, transportation and food/dining spend (which represent 80% of my CC spendings)...
  5. thomasparra

    HSBC Premier Lifehack

    This sounds like a great idea, I was not aware of this. Is it truly separate of US juridiction? I want to avoid the inheritance tax altogether, and any tax withholding. Now the bank deducts interest tax automatically every month from my bank account.
  6. thomasparra

    HSBC Premier Lifehack

    I have HSBC across HK, USA, and Jersey but I will be charged the 50 GBP Premier underfunding fee soon. HSBC HK, Expat and US have more or less the same requirement of about USD 100k for Premier. I use HSBC to diversify the geopolitical risk (by investing in ETFs on the LSE through Expat in...
  7. thomasparra

    Trump and Musk’s DOGE purge sees 6,700 IRS staff fired

    This country is sick and corrupt to the core.
  8. thomasparra

    Good, cheap and simple VOIP cloud software/app?

    Thank you. I am into the Google Workspace ecosystem but I will try Microsoft 365 soon as a potential replacement. Google is nice and pretty straightforward but there are some automations and basic features (for calls for example like MS Teams or a CRM) that are missing. It's either is stay in...
  9. thomasparra

    Curious if people would keep 500K USD in the bank or as USDC/USDT?

    4%, US1Y which is arguably the safest investment you can make. This is why I asked if USDC or USDT provides a substantially higher yield.
  10. thomasparra

    Curious if people would keep 500K USD in the bank or as USDC/USDT?

    What is the current yield for USDC/USDT? If lower than 5 or 6% / year I would not bother.
  11. thomasparra

    Good, cheap and simple VOIP cloud software/app?

    Both are too complicated, overpriced, and too many VAS
  12. thomasparra

    Good, cheap and simple VOIP cloud software/app?

    Since Skype is shutting down soon, MS is pushing users to Teams. I am involved in the Google Workspace environment and unfortunately Google Voice only works for US or European companies. I am looking for a simple and reliable solution. No subscription, just PAYG or small credit package will be...
  13. thomasparra

    Could the New U.S. Tariffs Trigger a Shift in Domestic Tax Policies Worldwide?

    It is a bit more complicated than this. "871 and 881 and under FATCA, U.S. withholding agents are required to withhold 30% of FDAP income paid to foreign payees, subject to reduction under a relevant treaty." There are exceptions, if the service is FULLY executed outside the US AND you have no...
  14. thomasparra

    Could the New U.S. Tariffs Trigger a Shift in Domestic Tax Policies Worldwide?

    I think countries will start imposing taxes on foreign services. The US has been doing it for a while. The IRS forces US companies to withhold 30% of the invoice amount. I could also see Europe and other large economies imposing a digital tax on large tech firms. Tariffs on trade is so 1900...
  15. thomasparra

    Bitcoin’s Big Letdown: Is Crypto Cracking Under Pressure?

    This is not technical analysis, simply a price chart representing the (exponential) upward trajectory of BTC since inception.