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Thailand 0% tax
- Thread starter yngmind
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Thailand wants to be a member of the OECD. And what are the criteria for joining...
Quote: According to Mr Prommin, for a country to become an OECD member, it must have (1) open, transparent and free-market economies and political freedom, (2) safety and good governance, (3) strong rule of law, (4) a quality education system, and (5) environmental sustainability.
www.bangkokpost.com
Quote: According to Mr Prommin, for a country to become an OECD member, it must have (1) open, transparent and free-market economies and political freedom, (2) safety and good governance, (3) strong rule of law, (4) a quality education system, and (5) environmental sustainability.
Thailand begins OECD membership process
Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities.
Thailand has 0 of the 5 points required lol
And good luck changing that
I've got a associate/friend, multi-PhD high up within the Gov-adjunct cross over to-Navy been trying to get me to move there for five years due to my skillset he observed in the private sector (AI Military Application) - fast track residency/citz.Australia seems to be a real sh1th0le, huh?
I've always been hesitant, mainly because i've had enough of Western society.
But as each year passes my decision and reinforced position remains.
He came here recently, and kept on trying to steer the discussion that way, in the end i laid out standard of living, lifestyle, health, environment, costs, and self-control of environment (wealth/etc), surveillance (lack-off) etc and he couldn't put up a counter argument, like i said at the end, if i wanted to join a prison-cum-debt-camp, i'd head to the UK.
For me, Asia, South America, Africa, Middle East suit me fine.
Looking forward to the next coup and roll back of CRS.
One thing you have to understand, EUROPEANS/SWISS actually are required to register with their embassy where they live abroad when outside of the EU as i understand based on my discussions with friends/neighbours, i balked at the idea, and in some cases they even have to file taxes....
UK / and i guess Australia (at a time) don't give a s**t, having said that they've now enabled voting for those outside of the UK for more than 5 yrs and i am guessing this is a prelude towards introducing some sort of World Wide Tax... -> but in this case thats why Australia didn't know where he was, they were going through CRS information (HK) for his bank but he never bothered to update it to Thailand as he has the right to reside in HK due to the period he was there etc.
But the wealth he earned whilst living but not working in HK (Flew around the world as a specialist) was tax free there, and when he moved to Thailand it was tax free remittance (changed this year).
So he didn't need to file anything but Australia were notified under CRS i suppose, the wealth he had in HK and started digging to see if they could get their claws in, now he's been retired 10 yrs so perhaps now yes, but at the time certainly not based on what he was saying.
He's about to sell his home 10m$ -> and buy bullion for the bulk - said he can't trust Australian banks, if war breaks out in China his wealth would be seized, and in Thailand he doesn't (probably right) trust the banking system.
Probably has 10-30 yrs left (had skin cancer twice)
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yes that has been evidenced and broadcasted since 2020, worldwide and in high definition .Australia seems to be a real sh1th0le, huh?
its a good way to keep on friendly terms with the oecd fatf terrorist gang. However 0 chance for that happening, including all of southeast asia ex singapore.Thailand wants to be a member of the OECD. And what are the criteria for joining...
Quote: According to Mr Prommin, for a country to become an OECD member, it must have (1) open, transparent and free-market economies and political freedom, (2) safety and good governance, (3) strong rule of law, (4) a quality education system, and (5) environmental sustainability.
Thailand begins OECD membership process
Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment opportunities.
The oecd gang is really nasty these days and are pushing the poor ones around quite a lot more than before.
Obviously we have other friends and one Canadian has a trust, that pays him out the profits annually...
Seen the news recently 67% tax on profits, whilst they debase the currency, note debasement isn't just represented by inflation, inflation is variable goods increase, debasement is best observed/represented by how fixed assets appreciate and can be calculated by looking at CB Balance sheets..
So he's getting fucked from both sides, the inflation + debasement, and can't withdraw the funds from the trust due to the rules his mother placed on them (she didn't like his wife so did a trust).
So i kinda get why he doesn't want to keep his wealth in Australia.... as he may get restricted to a small amount of expenditure annually.
www.wnd.com
-> Glad my exposure to 'Western Financial System EURGBPUSD..etc' is now very very low and decreasing rapidly.
Seen the news recently 67% tax on profits, whilst they debase the currency, note debasement isn't just represented by inflation, inflation is variable goods increase, debasement is best observed/represented by how fixed assets appreciate and can be calculated by looking at CB Balance sheets..
So he's getting fucked from both sides, the inflation + debasement, and can't withdraw the funds from the trust due to the rules his mother placed on them (she didn't like his wife so did a trust).
So i kinda get why he doesn't want to keep his wealth in Australia.... as he may get restricted to a small amount of expenditure annually.
Reinforcing (Western Approach)
U.S. may freeze bank withdrawals as currency fear rises, expert warns | WND | by Bob Unruh
An expert in economics is warning that the Biden administration may be looking at ways to lock down your checking account – literally ban withdrawals from the banking system.
www.wnd.com
-> Glad my exposure to 'Western Financial System EURGBPUSD..etc' is now very very low and decreasing rapidly.
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#Biiingoooooooooo
I wrote something along these lines here agreeing 100% with & reinforcing @TheCryptoAnt 's statement : Inexpensive Citizenship and Tax Residence Options For Indian Freelancer
This hit me like a sledgehammer! I've been experiencing this in the West. F******ck!Reinforcing (Western Approach)
U.S. may freeze bank withdrawals as currency fear rises, expert warns | WND | by Bob Unruh
An expert in economics is warning that the Biden administration may be looking at ways to lock down your checking account – literally ban withdrawals from the banking system.
When you see one of the most ‘famous’ French business/investor YouTuber (he is living in BKK since few years), talking with a real agency owner in BKK (sorry it’s in french, from 1h.01min) that :
"If you are owner of some flats in Thailand, and you don’t rent them with a contract of 3years+ (so by making lease agreement for 1 or 2 years for exemple) then you don’t need the register the rental agreement, either to pay the 12.5% flat tax on rental income (and also not the progressive income tax on it..), if you ask the tenant to send the money abroad."
Loophole again or classic tax evasion ?
"If you are owner of some flats in Thailand, and you don’t rent them with a contract of 3years+ (so by making lease agreement for 1 or 2 years for exemple) then you don’t need the register the rental agreement, either to pay the 12.5% flat tax on rental income (and also not the progressive income tax on it..), if you ask the tenant to send the money abroad."
Loophole again or classic tax evasion ?
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