>Thailand's Expats Urged to Register with TRD for Tax, Says Experthttps://www.pattayamail.com/latestnews/news/all-thailands-expatriates-should-register-with-trd-says-tax-expert-478899>All foreigners clocking up 180 days residence here, or more, during the calendar year 2024 should obtain a tax identification number from the Thai Revenue Department. They should also fill in the requisite tax form and submit it in the first three months of 2025, according to Thomas Carden the Bangkok-based founder and director of American International Tax Advisors. He accepted that the majority of expats would need the help of a tax professional to complete the bureaucracy.>our advice is to register even if you don’t believe you have anything to pay,” he told 100-plus members of the Pattaya City Expat Club. “If you don’t register, then you risk audit at a later date, maybe years away, and have to prove your immunity. If you delay, the financial penalty screws can become tighter and tighter.”AHAHAHAHAHAHAHAHAHA>*breathes in*AHAHAHAHAHAHAHAHAHAHHow many of you actually fell for the DTV visa bait?
>>2732906If you're a working in Thailand it should be given that you're going to pay taxes. My only concern is, are they going to be like the Philippines, and make you pay taxes even as a tourist if you travel their long time. My income(pension) is tax free from my own government. I sure as hell ain't going to pay taxes on it for a country where I'm a second class citizen.
>>2732974>make you pay taxes even as a tourist if you travel their long timeYes, this is literally the new legislation that Thailand just passed, just in time for the new long term DTV visas that everyone took the bait on.
>>2732906Welp, 179 days it is for me then.Expat bums, pay up or move along!
>>2732906Until they COMPLETELY scrap every visa except for the tourist visa, DTV, and the Elite visa, there will be immigration officials willing to collude with schools and other institutions to take bribes and rubber stamp fake visas If they don’t close the other avenues there’s no way they can enforce this. Any dorker working in Thailand will just avoid using a DTV and hop around other countries on short term visas.I don’t believe for a second that if you include pecker players, that only 10% of thailands population works in the “””tourism””” industry. It’s probably closer to 20%
>>2732982I'm not talking about the DTV. Visa free tourist can easily staying Thailand for 180 days a year. More than that, maybe you run into problems. Hell, I stayed there almost 120 days in 2024. I don't know if I would ever want to be there 6 months or more, but you never know.
>>2733034You don't realize just how limited the tourist areas are in Thailand. It's entirely reasonable to assume that 10% of Thailand's population, or 7 million, live and work in a tourist zone. The other 90% live in parts of the country in which tourist spending is occasional at best. Only 52.8% of Thais live in cities. By comparison, 84% of Englishmen live in cities.
Time to pay up, sex tourist scum.
>>2733065Sex tourists won't be affected by that in the slightest lmao
>>2733065yea most sex tourists are 2-week pecker players. thats thailands bread and butter. they want eager pecker players, foaming at the mouth, desperate to finally get their 5 inch pecker touched by a poor brown girl from isaan, to come back up a brinx truck onto soi 6 for two weeks and then GET. OUT.if thailand could sell it, they would have farang fly into the airport, give an attendant their money, and fly back out of the country
once you are at the level of wealth where this matters, you are also at the level of wealth to easily develop a 2nd identity for international travel, in order to maintain your absolute privacy you only need about $5k-$10k to get totally squared away with a passport from a country with acceptable levels of access
>>2733110>$5k-$10k>passport from a country with acceptable levels of accessHow?
>>2733115torproject.org is your starting point
>>2733110>level of wealth where this mattersThailand is a poor country and so Thailand's max tax rate at a whopping 35% kicks in at a far lower income than what would be considered appropriate for most long term expats or long stay tourists. An average Lower to Middle class income is more than enough to pay obscene tax rates to Thailand (on top of what you already paid to your local country). Almost EVERYONE will be paying at this rate. Also having a second passport in this scenario means nothing, immigration officials in Thailand will have records down to the days, hours and minutes of when you have entered and left Thailand, and no doubt the Thailand Revenue Department will be using this data to find those foreigners who havent filed the proper paperwork and are scurting their new tax laws. Even if you believe, or even know, that you owe nothing, you are still going to have to file the proper paperwork to prove it.
>>2733141Why would I have to prove it. You just said they had all of the data. If it's their money, they should just take it.
>>2733144They will. They'll send you a bill a year to two years later with some massive, made up number that they "think" you owe, plus late penalties, fees and interest. The number they come up with is always massive and never works in your favor. You then either suck it up and pay it, or deal with the punishment (possible deportation or travel ban from the country, seizure of funds directly from the bank or even jail time for the very worst offenders), or you can hire a local tax attorney/cpa and spend a ton of money to file the proper paperwork and bring down the amount owed to something more reasonable, this takes a lot of time and money though, plus the late fees, penalties and interest will never be waived regardless, so by that point you might as well just pay it. You'll be much better off though if you just file the proper paperwork on time by tax season so you can assess your own income and possible taxes owed to the lowest, most favorable outcome for you and not have to deal with even bigger headaches later on down the road should you leave it up to the Thailand Revenue Department to assess it for you way past the due date.
>>2733152Ok, if their government thinks it's ok to manipulate, I can just lie.
>>2732906>scammed by prostitutes>scammed by street food vendors>scammed by taxi drivers>scammed by tourist guides>scammed by tuk tuk drivers>scammed by national parks>scammed by tourist monuments>scammed by hospitals>scammed by restaurants>scammed by bar owners>scammed by security guards>scammed by police officers>scammed by immigration officials>scammed by girlfriends and wives>now scammed directly by the government itselfWhy are Thailand obsessed geocopers such delusional masochists? The amount of mental gymnastics and excuses it must take live in this country year round must be bordering on full-blown hallucinations at this point. Absolutely the most pathetic and depressing group of "expats" on this planet.
>>2733451Is getting scammed deductible ?
>>2732974Isn't this pretty standard in most countries? If you live somewhere for 180+ days that is technically your residence and you would be subject to taxes. Check if your country has a tax treaty with Thailand so you can be sure you won't be double taxed.
>>2733453lol
>>2733458Hey ma, look, it's another person that skimmed over what I wrote. I can't be double taxed, because my government has written into law that my very specific pension isn't taxable. They can't touch it no matter what. And if you're a tourist, you're not a resident. Hence why, there's a residence visa, and a tourist visa. They're not synonyms. If they want to call me a resident of Thailand, or wherever, they can give me the right to buy property and live in or on it long-term without jumping through hoops, and I'll pay property and sales tax. Until then, you can fuck off.
>>2733451white people can't catch a break! whites BTFO by thais.
>>2733574Your government's laws are completely irrelevant in Thailand. Any foreigner who spends more than half the year in Thailand has to pay. If you don't like it, YOU can fuck off on the next flight out of BKK. Everyone hates you expat bums.
>>2733598But Thailand says I can't be a retiree, because I'm too young for that visa. How can they tax my pension, if I'm not capable of being retired. They, and you, haven't thought this through very much. Have you.
>>2732906>>2733598all this blustering, cutting off your nose to spite your face, will only result in the thai real estate bubble popping. all new construction will see occupancy rates crater from the already dismal 30%. this is just the sort of ill-conceived scheme which will result in the philippines and cambodia, of all places, starting on that long road to closing the gap.
>>2733574LMAO youre a fucking IDIOT. Double Taxation agreements mean they cant tax the full income twice, it does NOT prevent them from taxing the income LEFT over after already paying your local country's taxes. Meaning you pay your usual 15% or 20% to the your local country then anything thats left over Thailand will 35% out of that. And no, you dont have to be a resident or have a special visa to get taxed, if you are simply in Thailand over 180 days you automatically become a TAX RESIDENT according to the law, it is not the same as being a "resident" of the country and has nothing to do with whether or not you have a residency visa or a tourist visa. You guys are about to get raked LOL. Read the LAW.
>>2733634>if you are simply in Thailand over 180 days you automatically become a TAX RESIDENT according to the law, it is not the same as being a "resident" of the country and has nothing to do with whether or not you have a residency visa or a tourist visaperhaps in fantasy land but not in the minds of those, rootless agile tax-dodgers, you wish to tax nor does it bode well for future addressable taxable demographic.
>>2733634>GLOBAL TAX! ITS THE LAW!no its greed, pure and simple. its greedy to value extract from a global system you played no part in building nor maintaining. the idiocy of halving rental demand on a highly levered market notwithstanding, do thais just suppose there won't be any tit for tat? why are you people like this?
>>2733638It's not even about taxes really with me. When I buy something over a hundred dollars or whatever in Japan or Korea, and they ask me if I want the duty free form, I always say nah, I like the roads here, I like how clean it is, and so on and so on. But I sure as fuck ain't giving 30 percent of my tax free pension to them, let alone Thailand, without having the right to live there, like the third worlders that are there working illegally. I will not be punished for obeying laws.
>>2733641taxing domestic thai income is reasonable but taxing global income is completely unhinged and so is bound to do more damage than they anticipate.
>>2733643Yes, if you make money in Thailand, using their infrastructure and resources, you owe them money.
>>2733643i mean what will they think of next, making AOC 25?
>>2733645And that includes digital nomads. That doesn't include pensioners or tourist.
>>2733645yeah, i see no issue with domestic taxes and especially if guaranteeing future improvements.
>>2733647i'm not sure i could completely agree as it shouldn't apply to tourists but residents.
>>2733650And a resident is someone who lives, and works. A tourist could spend a year in Bangkok alone, and not know the place, let alone an entire county, state or region of anywhere in the world. Just because I'm not zoom zooming around to take pictures for my Instagram at one location and not learning anything about it because I got to get the next shot, now, doesn't make me not a tourist.
>>2733646The funniest shit in the world would be if they tried to tax boomer pensions lmfao.Those old faggots would grumble and “whinge” for a few months and then just bend over and take it up the ass cuz they need their soggy 5 inch peckers reluctantly played with. That’s all that matters in life to a coomer (not knocking it just sayin)
>>2733652yeah i've changed my mind. unless DN should only pay where they've incorporated. thailand has no more right to tax their communications, than usa has to tax all internet traffic from thailand. maybe they should build their own internet and tax that.
>>2733682They should live where they're incorporated then.
>>2733693jesus, read a book goddammit. thirdie mindset on display for all to see. i love thailand, i really do but stupid arrogant hare-brained schemes like this show just how far you've to go. its embarrassing. you're better than this, so act like it.
>>2733696It just sounds like digital nomads are parasites.
>>2733693now if you guys were smart, what you would have done is provide beneficial tax incentives to businesses to incorporate there; residency by investment, etc. thats the best of both worlds. you get the desirables along with a nice tax collection and residents get to stay in thailand without much fuss. thailand wins and thailand grows. but 35%, its beyond stupid. plenty of other options for those other 6 months out of the year. nobody will pay and those trapped will simply cut their losses. thailand loses.
>>2733697sure the people sitting at the pinnacle of productive work are parasites. you're a know-nothing petty fool.
>>2733698then again, it would take alot to entice because everyone knows you thirdies are prone to bullshit like this.
>>2732906As long as this somehow only targets dorkers I applaud it
if you can't figure out how to avoid paying taxes in Thailand, you deserve to be bled dry kek
>>2733643Why do you feel entitled to live in Thailand year round without paying any taxes?
>>2733574if you stay in thailand over 180 days you are officially a tax resident. you might have a "specific pension" that may or may not be taxable, but you would still need to file the necessary paperwork on time with the thai revenue department to prove that your special pension is indeed "not taxable". they are not going to know where your income is coming from, they don't have access to that info, and they'll by default just treat it as a taxable income source until or unless proven otherwise... so if you do nothing they'll just hit you with a massive bill some later and you'll have to fight it in court. better off filing the proper paperwork now and stating the source of your income is your special pension and declaring you owe "0" on it, that way at least your covered. you're probably going to need a local professional who specializes in taxes for expats.
>>2733746I hope they just let the dorkers cook and then hit them with a dorker tax bomb and then refuse to let them leave the country until they PAY UP You will pay money simply for existing in Thailand and you’ll like it.
lol I've only been browsing /trv/ a few days but this board is probably the most pathetic in all 4chan. Nobody here is interested in travel, it's just a bunch of NEETs and incels trying to do sex tourism in poor SEA countries. I hope Thailand seizes all your assets, you are the scum of the Earth.
>>2733680yeah you'll be looking real smug when thai real estate bubble pops and thai bonds drop to CCC and all your expenses go up. i wouldn't at be surprised to find this to be a chinese ploy to nurture thailand's dependency by poisoning their relationship with the west.>>2733680>soggy 5 inch peckersagain, with the penis envy...
>>2733680>The funniest shit in the world......will be when the baht depegs against usd and coomers get a 50% discount on TTT.>laughs in USD...
>>2733900>>2733924yeah hedge funds love this sort of idiocy. thais never truly recovered from the covid self-inflicted wound and now they go full retard attempting a bail-in not of its own citizens but of a transient non-native population; all this only serves to tarnish their already shaky brand. they should've allowed foreigners to buy land or sell 20 year leases with a one-time property tax.https://www.bangkokpost.com/business/general/2872578/thailand-risks-credit-rating-downgrade-as-debt-mounts-opposition-peoples-party-deputy-leader-sirikanya-tansakun-warns
>>2733900>i wouldn't at be surprised to find this to be a chinese ploy to nurture thailand's dependency by poisoning their relationship with the west.This tax law effects all foreigners, Chinese included.
>>2734005yes, it provides a nice incentive against capital flight.
>>2733698Thailand has a set goal of getting admitted into the OECD, and normalizing its tax system is a big part of that admission process.
>>2734007>normalizing its tax system>global minimum taxyeah i'm thinking submitting to usa's last gasp at relevancy won't work out as hoped.
>>2734007>and normalizing its tax system is a big part of that admission processi think you mean bending over for the economic hitmen as a prerequisite for vassal status...
>>2734008>>2734009Oh, and there we have it. BRICS has revealed their cards. We now know who was seething in this thread.
>>2734008>>2734009Cope. Thailand wants an endless stream of BlackRock Fink bucks to build more shopping malls and Starbucks chains. They don't care if some old pensioner or "digital nomad" vloggger with 100 subscribers gets caught in the crossfire.
>>2734012cope. maybe. but why tax global income if about instituting common-sense tax policy and not greed? i think i've made my point that scapegoating tourists and expats will have second order effects which will ironically lead to more problems than it was designed to solve.
>>2734027not only that but doomed to failure and will only exacerbate strains on the tourism industry
topkek thailand cant even figure out how to stop visa scams that let jeets and ziggers stay in their country indefinitely, and you think they are going to somehow step it up and be able to enforce this tax bullshit?I'm having a lol at the faggots who bought those elite visa packages now, because you know those are the cunts who are actually on the radar for reporting LMAO
>>2734069>topkek thailand cant even figure out how to stop visa scams that let jeets and ziggers stay in their country indefinitelyThat they can do that very easily, but since cops are getting their cut no one is going to do shit about it. But yeah, I seriously doubt competence of their tax authorities. They'll probably fuck up some boomers to scare everyone else into complying with their bullshit.
>>2734069Yes, Elite Visas and especially the DTV visas. The DTV visa especially just screamed "scam" at me from the very first day I saw it advertised, as it was announced earlier this year right on the heels of the passing of Thailand's new tax law on foreign income. I mean you're telling m that after years of Thai immigration harassing and turning travelers away from the country for having too many arrival stamps in their passport, they then suddenly this year just pull a 180 of out the blue and announce a new visa that allows people to now pretty much stay indefinitely with an infinite amount of border runs for as long as they want... right after they the new tax law came into effect. Yeah, anybody who didn't read the writing on the wall with this visa and the new tax law is a fucking moron. The DTV visa exists solely to financially trap all the new naive Thailand noobs and reddit retards who just discovered the country for the first time within the past 2 years. They are sheep to sheered, the salt mines within the next two years are going to be absolutely glorious.
>>2734069>tHaiLanD cAn NeVAR sCAm Me LaWL!>proceeds to get scammed by uneducated prostitutes and taxi drivers every single day
>>2734092>le epic masterplan to bait in westoids for their tax moneynah Thai government isn't that coordinated, they just introduced these taxes to get good goy points from western trade partners and the only people suffering from this will be the gullible retard that thinks it's a real policy and hand over his income.
>>2734099Lmao, holy mother of cope. Good luck with that line of thinking, you're gonna need it.
>>2734099>ursula - there can be no escapethose gullible retards will be ratted out by their governments.
>>2733141But if you pay 35% in Thailand you dont' have to pay int he US, right? I thought they have tax treaties and stuff to avoid double taxation. Wouldn't you rather pay your taxes to a country like Thailand that needs the money more?
>>2734150its not a matter of altruism. no taxation without representation.
>>2734094math not your strong suite, eh? farang pricing costs maybe a couple hundred a month and scales with use. now were talking many 10k/year and being forced to interface with a third world legal system which is an all together different matter.
>>2734154>and being forced to interface with a third world legal system which is an all together different matter.so now all those elements which distinguish the third world from the first which had previously been avoidable now come to fore.
>>2734012Bricklaying swashbuckler cash splashes IN, meek dork faggots and old boomers “bar stream” bumblers OUT
>>2734150God, how old are you? 17? I hope no grown adult actually thinks this way. No, how it works is your local country, especially Uncle Sam in the US of A of all places, always and automatically gets its chunk first, say 22% or whatever for whatever tax bracket your annual income falls into, then whatever is left over AFTER that Thailand will take out either somewhere around 25%-30% on average for the typical American wage usually but they can even go up to 35% if the income left over after US tax is over $140k. Example: you earn $60k for the year, the US automatically gets its cut of 22%, so thats now $46k, then as a tax resident of Thailand, the Thai Revenue Department steps in to take 25% of that $46k, leaving you with $35k total after for personal spending once everything is said and done. "Double Taxation" agreements just means that both the USA and Thailand can't both tax the entire $60k at the same time, Thailand only gets to tax what's left over as income after the US gets its cut of the initial $60k first- meaning they can only tax the $46k as income, saving you a bit of money and tax burden... it doesn't mean at all though that you get to "choose" which country you want to pay tax to. And even if it did, you would hypothetically rather pay the US, because Thailand's tax brackets are designed for poverty third world wages where $60k a year makes you rich as fuck and subject to tax rates way higher than the US for the same income ($60k income will get you taxed out in the ass in Thailand at a whopping 30%, while in the US its only 22%), but IRL this doesnt matter because you're now obligated to pay both lol, so have fun.
>>2734189Ok, Mr. "Adult." Ever heard of this?>Foreign Earned Income Exclusion: The foreign earned income exclusion is a significant benefit for U.S. expats, allowing them to exclude up to $120,000 (as of 2023) of their income earned in a foreign country from U.S. taxation.
>>2734197Or this:>The foreign tax credit is designed to prevent double taxation for Americans paying taxes in both the U.S. and a foreign country. It offers a dollar-for-dollar credit against U.S. taxes for any income taxes paid to a foreign government. This credit is particularly beneficial for expats residing in countries with high tax rates, as it can significantly reduce or even eliminate their U.S. tax bill.
>>273418If this is true I can finally stop harassing dorkers because the Thai tax authority will financially bully them out of the country pffffLOL
>>2734197>>2734198So Americans staying outside of the US used to be able to be income tax free but now they have to pay even higher tax rates to the fucking Thai government. Oh boy.
>>2734197Totally not related to anything being discussed in this thread at all, you are so unbelievably confused and backwards. These two specific laws you're talking abut is applied to foreigners who earn money LOCALLY in Thailand from a Thai business but who still need to report their income to the IRS back to the States. This thread however is completely the opposite- it is about Thailand taxing income derived from FOREIGN sources outside of Thailand (eg you are living in Thailand the majority of the year while your income is being derived from the US), NOT about making money locally in Thailand from a Thai business and then reporting it to the US every year after your pay your Thai taxes. So are you earning money locally from a local Thai business in Thailand? I highly doubt it>>2734198Again, this only applies if you are earning a Thailand based income from a local Thai business. In this case you would pay the local Thai taxes first, because that is where the income is derived from, then you would apply the tax money you paid to Thailand as a write-off credit on your US taxes when you file those every year to declare your Thailand based income. Once again, completely the opposite scenario from what is being discussed in this thread and has nothing to do with Thailand taxing your income that is coming from outside the country in the US after Uncle Sam gets his cut, which is what this law is about.>Earn money in Thailand > Pay Thai taxes on that money > Declare your Thai income and Thai taxes you paid when you file with the US every yearvs >Earning money only from the US while living in Thailand year round > Naturally paying your taxes to the US on your US derived income as always > Thailand then taxing the remaining of your US income because you have lived in Thailand for more than 179 days in a year Do you see the difference now?
>>2734213Ohhh I though foreign earned income thing for America was lack of income tax if you were simply outside the US.>work remote for US company>live in Thailand full year>No income tax for first 120kOr>Dividends and interest passive income in US-focused stocks and money market funds>Live in Thailand full year>No income taxes
>>2734213You should talk to a CPA, buckaroo. There's nothing about it being conditional on foreign employment. All that matters is your physical presence. You've probably never filed taxes in your life.>The exclusion is available only for wages or self-employment income earned for services performed outside the U.S. Yo can read more herehttps://en.wikipedia.org/wiki/Foreign_earned_income_exclusion
for the recordhttps://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-what-is-foreign-earned-income>The foreign earned income exclusion, the foreign housing exclusion, and the foreign housing deduction are based on foreign earned income. >Where or how you are paid has no effect on the source of the income. For example, income you receive for work done in France is income from a foreign source even if the income is paid directly to your bank account in the United States and your employer is in New York City.
>>2734235So it IS like this >>2734216Absolutely based. I just need to work more and fatten up my holdings.>TFW when current modest passive income from investments comes to about 1k USD per month gross.So at this point I guess I've unlocked the option of being a slumbodian.If I keep working and investing I can eventually up my lifestyle to hookers and blow? Without having to work. I'm almost getting the urge to go back to America. I need a high paying job again. I think when I've been properly disillusioned for a while and see that my money is the only thing getting me affection or interest from anyone and my current age or physical fitness hardly even matters, then I'll be more willing to head back to America, get older, but have more money to buy human interaction.
>>2734249>a pecker player is born >>2734249>>2734235>>2734216>>2734213Are dorkers earning an exclusively US-based income going to get double taxed or not? I need to know.
Income taxes are just so insanely stupid. They are costly to implement and drive people out. Has terrible externalities. Just use the sales tax to fund the government. It’s simple and highly effective.
>>2734220>>2734235Again, you have it confused. The IRS is not talking about Digital Nomad style US based income in these examples, they are talking about someone working for a US company who is transferred laterally overseas to work for the same company locally in a foreign country. Eg an oilfield worker who works for Chevron in the US is transferred to Saudi Arabia to work on a drilling rig platform over there because they need someone to fill an empty position- this person would get a foreign earned income exclusion on any wages earned up to $120k, plus foreign tax credits if necessary. This has NOTHING to do with someone who voluntarily just wants to hang out on a beach in Thailand all year long while collecting passive income, making Youtube videos or working remotely for some US company that doesnt need anyone to fill a vacant spot locally overseas (most likely violating their employment contract by working overseas and hiding behind a VPN anyways). And even if it hypothetically did, which it doesnt, this does absolutely nothing to prevent or stop Thailand from taking out or taxing your wages as a tax resident of Thailand earning an income while staying in their country for over 179 days of the year. Either way, in either example or scenario, no matter how you slice it, Thailand is entitled to tax your wages earned while in the country, its just a matter of what order they get a slice of your income (first or last, either before or after the IRS looks at your income) and how much they get. Youre going to have to pay, or at least file the paperwork with, Thailand every year you are there over 179 days regardless.
>>2734343>Thailand is entitled to tax your wages earned while in the country>i assure you their arrogance is unbelieveable...thailand is entitled to nothing and nothing is what they'll get. this isn't simon says, it's a competition and they've just taken themselves out of the running. today it's taxing tourists, tomorrow unrealized gains on real estate remaining vacant for more than 6 months of the year.
>>2734369they'll just forcibly seize your bank accounts and assets lol.
>>2734416come out of your fever dream...the transients they're attempting to tax will simply divest. it ain't rocket science thirdie. so you say, "so what", and don't realize, bc thirdies can't grok systems thinking, the pain waiting down the line.
>>2734343This is making my mouth water, but realistically, how would Thailand tax authorities figure out that the dork hunching over his laptop at “friend me bar “ is indeed working if he doesn’t have a Thai bank account? Seems beyond the purview of thaitards in the government. If they’re expecting anyone to voluntarily register then el oh el to that
>>2734429It would start with immigration- anybody in the country over 179 days, which immigration will have records of once someone exits the country, or perhaps even those with a certain type of long-stay visa, will have to file paperwork proving that they have no taxable income, because they would then be a tax resident of Thailand. Immigration may notify the Thai Revenue Department upon exit of the country, after spending more than half the year there that this "tourist" was in fact a tax resident, many are also speculating filing tax returns may come attached to certain types of visas. Furthermore, if you state, upon filing the tax paperwork, that you have either no income or no taxable income, Thai tax authorities may want to know how the hell someone has been able to live in Thailand for so long without any money coming in. This may then lead to investigations into whether you were working in the country locally and illegally without a proper work visa, or if you were earning foreign based income from the West while living in Thailand for more than half the year. Read more here...https://www.thaiexaminer.com/thai-news-foreigners/2024/09/08/revenue-department-preparing-legislation-as-new-expat-tax-regime-may-link-visas-and-tax-returns/>Revenue Department preparing legislation as new Expat tax regime may link visas and tax returns>Thailand’s Revenue Department drafts global tax legislation. It may link visa issuance to tax returns soon. Expats staying over 180 days must file by March 2025, impacting residency decisions. It also raises concerns about tax treaty interpretations and compliance.>It emerged this week that the Revenue Department is preparing draft legislation to further its global tax initiative. At length, this includes plans to tax all foreign residents on their worldwide income, irrespective of whether the money is remitted to Thailand. for those who stay over 180 days in Thailand this year, a tax return is due by March 31st, 2025.
>>2734442Thank you for your detailed response :D
>>2734429crs and fatca shared reporting aka financial surveillance panopticon
>>2734442boomer barnacles can't be stopped >>2734554
>>2734555They’ll be dead in a few years I’m not tripping. By the time I consider retiring in Thailand those fucking old faggots will be “puttering about” in the garden on the dark side while their wife figures out a way to make their murder look like an accidental death/suicide for the payout
>>2734557Holy shit LMAO>Verification not requiredLOL
>>2734557Boomers are the last hold out of the good old days of Thailand and the only remaining resistance against the BlackRock-ification of cities like Bangkok or Pattaya. Which is why Thailand wants them gone. Once they go, Bangkok will turn into a hellish dystopia hybrid of San Francisco mixed with Singapore.
>>2734566But with LBs so it's still worth being in.
>>2734418Yes, a very select few smart expats will see the writing on the wall and make plans to stay in Thailand for less than half of the year, many of these types have already left or are making plans to do so, but the dumb ones (the vast majority of Thai expats and long-stay tourists) will simply ignore this and eventually get caught with their pants down (probably quite literally) as they get blindsided with a massive tax bill from the Revenue Department. At that point they either suck it up and pay up, fight it out in court or deal with the penalization and consequences.
>>2734662who's not going to notice a tax burden of potentially 10s of thousands? sorry but nobody's that dumb expect the people implementing such a self-inflicted wound. tossing away their competitive advantage so they can save face joining the big boys club; trading growth for debt based finanical repression from brussels. a silent coup; all without firing a single shot.
What stopping someone from border hopping for a week? Surely that cheaper than paying the tax rate?
>>2734575>LBs>worthhomosexual opinions do not count. if you want penises in your mouth that badly, cut your own and munch on it.
>>2734693It's doesn't reset when you live the country, after 180 days you'd have to fuck off until next year
>>2734698I see, looks like it visa runs between the other SEA nations then, like seriously, who is going to pay a 35% tax bill?
>>2734343Im not saying this to argue with you, I didnt really read the thread, but just because its an important point:UNITED STATES FEIE is NOT conditional on location of employment OR whether you paid taxes in a foreign country. It is only conditional on your physical presence overseas as another anon said. If you live outside of the US full time the first 120k or whatever it is now of your income is tax free UNLESS it is still w2 income, in which case you're still getting withheld and probably have no recourse to claiming FEIE later. But if it's 1099 you're fine
>>2734703>UNLESS it is still w2 income, in which case you're still getting withheldOh you dear, sweet retard. You couldn't be more wrong.>For example, income you receive for work done in France is income from a foreign source even if the income is paid directly to your bank account in the United States and your employer is in New York City.>https://www.irs.gov/individuals/international-taxpayers/foreign-earned-income-exclusion-what-is-foreign-earned-income
If you're living full time in Thailand on a Western salary, the 30% tax rate is probably less than what it would cost to live in the states and what you would pay in federal and state income tax. So it evens out. Boomers and coomers seething hard right now. You can't have your cake and eat it too.
>>2734710That doesnt contradict what I said at all you retard. What I'm saying is that if you have say a WFH W2 job in the US where your salary has taxes auto withheld, sneaking overseas won't magically turn off the withholding, and I believe it would be difficult if not impossible to claim FEIE in that case without switching to contractor status
>>2734712I may be wrong about it being impossible to do on W2, I have only done 1099 myself, but it would definitely have to be arranged with your employer ahead of time
>>2734711Nigger you don’t get it, those people have the financial ability to pack up and leave for 180 days.If i’m making $70k as a retired boomer that potential tax liability is around $10k-$15k. I can go to Hanoi/Cambodia/laos for the remaining half year and it would be the same or cheaper.
>>2734712You prolly just claim it during tax season you CHILI HATING PUSSY. They have instructions on how to determine how much of your wagie bucks is foreign earned.>Your total income is $88,800. You work a 5-day week, Monday through Friday. After subtracting your vacation, you have a total of 240 workdays in the year. You worked in the United States during the year for 6 weeks (30 workdays) and worked in the foreign country for the remaining 210 workdays. To figure the part of your income that was for work done in the foreign country during the year, divide the number of days you worked in the foreign country during the year (210) by the total number of days you worked during the year (240) and multiply that by your total income ($88,800), as follows:>210/240 × $88,800 = $77,700>Your foreign earned income is $77,700.
>>2734715SO... Thailand for 179 days and then go somewhere else for the rest of the year.Remote workers win on tax savings by not being in the US.Thailand misses out on tourism revenue because they want to get cheeky with income tax.>Thai intellectuals>Verification not required.Damn straight. DAS RITE
>>2734715>CHILI HATING PUSSYwut>claim it during tax seasonyes this was my entire point, you still have income withheld if on w2 then need to count on them to approve your feie status to get a refund. OR you arrange with your employer ahead of time to withhold less
>>2734717So that doesn't even matter. Just another log of joy in the shit heap of tax season.Point is:Tech kings 1Thai government 0
>>2734716Yes this is literally a, “trying to tax the billionaires” problem. Although this is just relatively wealthy expats, the only people who are going to get fucked are the poor expats. If you’re making $50k+ a year you will escape this.
>>2734711>the 30% tax rate is probably less than what it would cost to live in the statesno. not all states tax income. and with deductions the rate may be minimal, ie far far less than 30%.
>>2734721Yeah that 35% is BULLSHIT.>35%Ok so 3% difference in take home pay from fucking SAN FRANCISCO CALIFORNIAThe Thai government thinks anyone's going to pay California tax rates to live in Thailand.Please, hold your laughter.
>>2734727Who Idea was this? It seems to me it going to cause more capital outflow and whoever drafted this law to lose face for fucking up a good thing.
>>2734720>trying to tax the billionairesreally its the threat of good example problem from the perspective of EU cajoling zero/low tax nations into being uncompetitive so they may continue their domestic financial repression (high tax/social credit score/"green intiatives") without a release value simply absorbing all the high talent and capital flight. the amount of captial and talent that was sitting on the sidelines waiting for the chance to get inside will now find another market. and without that broad economic stimulus thailand will, over time, simply finance debts to pump GDP while instituting those same repressive measures as EU.
>>2734727>Yeah that 35% is BULLSHIT.indeed. and to top it off you're unable to claim capital losses...fucking heads need to roll.
>>2734729Yea but if you explain this to a thai, they’ll get butthurt because somehow their government is more effective than the IRS/EU orgs when it comes to tax collections.
>>2734728Must be something beneath the surface I.e. they're not simply trying to take money from people with income like at face value. They're trying to drive some people out of Thailand or they're trying to fit in with some international bureaucrat like someone else had speculated. They're trying to do something else. There's got to be something else at play. There has to be because at face value this just looks so fucking stupid.
>>2734733Who are they gonna drive out of thailand, I think this only impacts sexpats who were already losers making the minimum.This isn’t going to impact John the expat who has a $5 million portfolio and a social security income.
>>2734731i have no deep insights into thai psychology but from what i gather its sufficient to appear to raise their nations international profile while abusing foreigners into leaving. the validity of hitching thailand's cart to a failed economic project about to go down in flames or subversion of the monarch by bureaucrats corrupted by foreign entities will only be questioned when those at fault are no longer at risk of losing face.
>>2734735>only impacts sexpats who were already losers making the minimum.Maybe that's exactly what they want? People have said Pattaya for example has been cleaned up a good bit over the years and really toned down. Maybe Thai leaders want to do more of that which could entail removing barnacles and cheap Charlies. Try to clean up more tourism stuff and make Thailand more attractive to higher class, higher paying visitors. Whether that's plausible and whether such higher paying people would even consider Thailand as a worthy recipient of their "expensive vacation funds" I have no clue but I kind of doubt it. Most people like Thailand because it's cheap. If it's not cheap, they're bailing. If it costs them near San Francisco they're not going to fucking care to only be there half the year. Be somewhere else half the year. Tour other countries for a second source of ladyboys.
>>2734720>If you’re making $50k+ a year you will escape this.and if you've even greater incentive if bringing in less...https://youtu.be/J8TqhBIEbWA?t=173
>>2734739Well that what i’m saying, tourism feeds alot of that country development. Thailand was made off the sacrifices of thai women whoring themselves out. Whatever capital inflows they got will now just go to their rivals in Laos/Cambodia/Vietnam.
>>2734739>Tour other countries for a second source of ladyboys>GO WHERE YOU'RE TREATED BEST...LB EDITION
>>2734721Now factor in the cost of living to live in the states not including tax. Things like car insurance, rent, utilities, food, travel, etc. This only assumes you won't be double taxed by both countries. I think living in Thailand on a Western salary and paying 30% tax is a lot cheaper than living the West.
>>2734748Yes but the math doesn’t work if people can afford to pack up and leave half of the year.
>>2734749True. But you can't escape not being taxed.
>>2734750You are escaping one version of taxation. I will give the USA my cut because when SHTF I can leave. I’m not getting jack squat from the Thais.
>>2734748>cope, the posthttps://www.youtube.com/watch?v=_Gsz7Gu6agA
>>2734753Who will pay for the thai-chinese resort businesses now? What about the thai landlords?
>>2734748why is it so difficult to understand? usa built and maintains the fucking world system. they protect the sea lanes, facilitate international commerce and trade disputes, two fucking world wars were waged to create the advantages now enjoyed by western nations. what right does fucking thailand have to tax those systems? by what contributions can they be said to claim tribute? none. now had they played to their strengths and encouraged the smartest peoples the world over to build and innovate, then likely their share would've continued to increase as it has for thirty years. but this ham-fisted, slow-rolling, fine-print, back-handed bullshit will not do and only serves as crystal clear reminder to all parties concerned that thailand has yet to rise to the level of a serious partner on the global stage.
>>2734748>Now factor in the cost of...still paying maintenance on those things in america while living in thailand and you'll quickly see there is no point being in thailand longer than 179 days a year. thailand expects a payout when i sell my fucking house?! get the fuck outta here!
>>2734756>boom, there goes the dynamiteeven a small drop in prospective demand can mean doom with the amount of leverage in the thai real estate market
>>2734760...and then contagion...and then predatory lending from EU which caused the problem in the first place...and then financial repression on thai populace....and then the end of the monarchy.
I'm just not giving a dime to retarded corrupt ratmonkeys who hate me. That's all. I'm just not doing it. hahaha :)
>>2734703Like the last anon I responded to, you're discussing an issue that is not at all related to this thread, like I said in the post you quoted, this thread is about being forced to pay an income tax on overseas income that derives from back in your home home to Thailand as a long-stay tourist in the country. Not about how to save on taxes with the IRS back in the States while living overseas as an expat. Two totally different subjects. Nothing you said alleviates anyone of any responsibility to pay taxes to Thailand on their overseas income per this law if they living in the country for over 179 days of the year- which, again, is what this thread about.
>>2734808I'm just not going to pay it. Sorry :)
>>2734808This guy has the thread intellectually locked so let’s stop arguing. So basically dorkers are gonna have to scamper every 179 days. Cool. >>2734711Paradoxically the low-pensioned barnacles would be only mildly affected beyond 40k. They can also just scamper to Cambodia or PH for half the year.The only people that will suffer intolerable financial pain were the dorkers who thought they were gonna saunter into Thailand with their poorly fitting jeans and new balance shoes from Nordstrom rack and monopolize the pecker player with their high salaries. Looks like those “high salaries” and remote “work” is a liability in Thailand. Dreams really do come true
>>2734846You sound poor and like you are projecting.
>>2734855Not as poor as dorkers who think they can hide out in Thailand at “mylifemystyle beer bar” hunched behind their MacBook pro and arbitrage hundreds of thousands of American dollars without paying tithes to the Thais who tolerate these dorkers in their country PAY UP DORKERS. THE JAVASCRIPT IS ON THE WALL.
I hate JavaScript so much it's unreal.
>>2734855>pooryes.>projectingprojecting isn't this one strong suite. this loser cares not one lick about the economic future of thailand or outlook for thais. bad policy is merely an opportunity to gloat which as it turns out isn't all that rare among thais. the proper response to possessing an red hot in-demand service, commodity, or locale is to broaden the base to which it can be marketed; not as cudgel to prove your superiority and a means to inflate your ego. especially when, like, a substitute good rests a $50 flight and two hours away ffs.
>>2734884>arbitrage hundreds of thousands of American dollars without paying tithes to the Thaisand do you not know where they, or used to,spend that surplus?https://youtu.be/KGervEpnVGc?t=72
>>2734911>>2734846>Dreams really do come trueand if it weren't clear, his dream is of an impoverished thailand. one where a low supply of dollars and a high supply of financially bereft women means thailand can return to the days of yore when it was a buyers market.
>>2734911>>2734918>this one>his dreamI have a name > a substitute good rests a $50 flight and 2 hours awaySo clockwatching, curdled milk skinned American hags who charge $500 dollars in Nevada, for condom’d sex are not a substitute. Nor is Tijuana. Only in Thailand do you get cheap prices for raw study and an entire cultural ethos that has an extremely lackadaisical, nonchalant attitude towards sex. This pleasant confluence of factors cannot be substituted anywhere else. So be quiet
dorkers are taxcattlemoo for me, dorkerhalf of thailand doesn't want farang or their money, i'm convinced of it
>>2734918lol, you give the Insecurity Guard too much credit, he is a base creature whose only interest in this thread is schadenfreude. If the bill even passes the DNs will just stay ~170 days then rotate visas through any of the other SEA countries. All the while he will sit like a dork in his Seattle hovel, collect his meagre security guard salary and run daydreams of his biennial pecker-play vacations through his hair-plugged head
>>2734987Rats, ya got me
>>2734934>>2734934we're on the same page so far the value thailand provides but what is lacking, imho, is an appreciation for how these changes will negatively affect the social fabric; ultimately, diminishing everything that makes the place worthwhile. most, and i don't think i'm alone here, would continue to visit thailand w/o access to girls. futhermore, the experience offered by thailand has been predicated on the tacit assumption of a steadily rising standard of living. of course everything is all good when broad sectors of the economy share in the wealth. should this pass, its the little guy who stands to suffer. its easy to be indifferent to their plight but it won't change the dynamics; you'll still be seen an atm but without fair access tourist crime will be a growing avenue to access those dollars.>>2734987i agree but i can't always tell whether it's a thai to whom i'm speaking or some western malcontent.
>>2734987>sit like a dork in his Seattle hovel, collect his meagre security guard salary and run daydreams of his biennial pecker-play vacations through his hair-plugged headHoly shit what a trainwreck.
>>2734999>man works a steady job while dreaming of vacation and freedomutterly normal, and not worth sperging out over
>>2734991oh you again. /pol/ sends its regards...
>>2735003while getting a hair transplant to impress Thai whores.>utterly normal
>>2734995I hate to bring out the low-life in me, but when I was there during Covid, you could tell girls were strapped for cash and you could feel the desperation. It was mouth watering. There were mega bimbo babes littered around pattaya, loitering at tree town, like picrel, hitting my line who are now completely inaccessible because a new contingent of hypernormie trust fund/amateur pornstar/social media megafaggots swooped in shortly after the lockdowns and positioned themselves to exploit the bottleneck of girls without physical customers. For example, praew_1999p and ae Asia and whoever handles them are probably millionaires by now for being the first movers on the insta>OF pipeline and a few others. Other Thai girls saw that and began rebranding themselves through insta/OF to soak up the simp dollars. austerity and poverty need to rear their head again. >the Thailand experience is predicated on the tacit assumption on a steady rise in the standard of living Abbbbssoolutelyyyy not dude. The appeal of the Philippines is its perpetual desperately poor teens and how effortlessly and cheaply the services of a decent tutor can be obtained. >>2734999Seattle is comfy anon. You can walk up and get a deluxe burger, fries, and a shake from DICKS drive thru for like 14 dollars in a matter of minutes. It’s great I found a broken chair on the side of the sidewalk when I was walking home after work and equipped one of the chair legs as a baton for self defense.
>>2735018>the Thailand experience is predicated on the tacit assumption on a steady rise in the standard of livingi meant so far as facilitating cordial relations between tourists and locals not exclusively the tudor market. its the difference between the philippines, colombia, and thailand. thailand trounces other locals because it's an otherwise fantastic, comfortable, and SAFE place to reside. i don't know about but my idea of fun isn't having to keep my head on a swivel just to find study partners. also, on that note, i do actually want my tutors to live well and be happy and have, at the very least, selfish motives as if they're happy, then they're more likely to make me happy. everybody wins.
>>2735018>deluxe burger, fries, and a shake from DICKS drive thru for like 14 dollars in a matter of minutes.What a ripoff.>It’s great No. That food is shit. It's terrible.
>>2735029Yea but even a mild drop in safety scares away normies, dorkers, moralists and only leaves ugly, gluttonous vultures as competition aka less competition. Yes, up to a certain point, it’s intolerable, which is why I don’t go to Venezuela and PH/Cambodia isn’t my first choice Different strokes pal.
>>2735018>Seattle is comfy anon. You can walk up and get a deluxe burger, fries, and a shake from DICKS drive thru for like 14 dollars in a matter of minutes. It’s greatAmerican, ladies and gentlemen. This slop is coming to a soi near you soon.
>>2735016Getting a hair transplant to feel confident is also normal, agonizingly so. You're so desperate to frame this guy as some sort of lunatic.
Pattaya was mega cringe now. Just spent 2 months there. Absolutely full of shitjeets and normies. Soi 6 was a constant stream of east Asian faggots holding live streaming cameras on gambles. Tons of absolutely boring fuckwits eating on stream and talking to their 3 viewers. Just horrible. Quality of women was all over the place, I hooked up with a nymphomaniac and violent little teenager from Laos with perfectly hairless body naturally, and fucked her brains out every day for the last two weeks, instead of dealing with thai women. She was pretty weird and wanted to like wrestle and mma with me after sex, but she was only like 35kg. I think she just liked being pinned down by a much larger man after pissing him off by batting at him like a cat. It was a cycle of sex, play fighting, actually trying to hit me, then me restraining her, which made her horny, then fucking again. Which was fun but also exhausting.I've heard from other lads that the more you do trips like these the more you wind up doing what happened to me, which is shacking up with the "good enough" one that comes along since its tiresome otherwise.Lots of Laos girls in Thailand atm. Laos has serious economy problems so they are flooding onto Thailand to ride dicks for a couple weeks, then they go home for a month, repeat.Walking street gogos had some really high quality at some places abysmal quality at others, it's like the successful bars sequester all the fuckable women. Soi 6 was random based on day of the week and time of day. I often walled through and poked my head in to bars and saw nothing worth paying to fuck. That being said I did find a little bimbo with fat tits and no brain, and saw her regularly till I left. I think she was on drugs, but in a cute way.Overall Pattaya was a waste of time. I bought my yearly supply of steroids and testosterone and went back to PH. Filipina pussy is just better, imo. I might go visit Laos and do battle with my pet nympho.
>>2735206>She was pretty weird and wanted to like wrestle and mma with me after sex, but she was only like 35kg. I think she just liked being pinned down by a much larger man after pissing him off by batting at him like a catThat sounds awesome and fun.
>>2732906Lmao, saw this coming a mile away. All the fucking idiots and redditors who were cheering on Thailand's rise to "muh first world" can now reap first world prizes: regulations, rules, laws, bureaucracy, gentrification, and yes, taxation. Hope "muh cleaner air" was worth it, you fucking losers. Like another anon ITT said, Thailand is looking to become a member of the OECD, and with that comes a certain standardization of tax collection that must be adhered to. Once Thailand crosses this threshold, you can kiss the country you knew goodbye. Once Thailand joins the OECD, its going full on Singapore and selling every part and parcel of its assets to BlackRock. Once Larry Fink sticks his fat greasy fingers in the proverbial Thailand apple pie Soi Cowboy and Soi 6 will become carbon copies of Fremont Street in Las Vegas, Nana Plaza will be renovated into an outdoor luxury shopping targeted towards Chinese tourists, lower Sukhumvit cross walks will be painted in the colors of rainbow flags, and there will be a massive influx of locally produced Thai Netflix shows about the "decades of humiliation" Thailand experienced where white men used to abuse innocent and naive Thai prostitutes who could do no wrong. In nu-Thailand, year 2026 , you will spend your average day as a tourist drinking overpriced craft beer IPA's at a microbrew on what was formerly known as Soi Cowboy, you will eat greasy slop at an overpriced burger bar on what was formerly known as Patpong, you will then purchase Marvel action figures at the local Disney store in Nana Plaza Outdoor Luxury Shopping Mall just before crossing the now rainbow colored crosswalk on Sukhumvit to catch the latest weekly Sukhumvit LGBTQ pride parade every Saturday afternoon. BlackRock, Larry Fink and Thailand are going to make untold billions on this rebranding venture while you all end up crying yourselves to sleep with your cock in your hands once again. It's the future you faggots chose, now deal with it.
>>2735223Don't care, I'll just go fuck 18 year olds in some other shithole
>>2735224No, fuck you, you and your reddit friends can stay in your Thailifornia containment zone. You idiots ruined your own home countries in the West, and now you've ruined Thailand too. Don't go fucking up and ruining another country, you fucking locusts.
>>2735223>massive influx of locally produced Thai Netflix shows about the "decades of humiliation" Thailand experienced where white men used to abuse innocent and naive Thai prostitutes who could do no wrongGod damn you're probably right here. The judeo-american mind virus is going to do it again.
>>2735223If that’s actually the case then I’m just going to scamper to the Philippines or Cambodia. There’s always another poor shithole where I can feel like a “big man” lording over desperately poor brown women. There’s plenty of runway left. I’ll scamper across the globe if I have to. I studied enough in Thailand so it is what it is. But Thailand has its mystical ways of bucking globohomo while on the surface paying it fealty. You never know
>>2735206>I think she was on drugs, but in a cute way.What does this even mean? Cute drugs?
>>2735278I mean she was high but a fun high not a fucked up manic spaz high.
>>2735223It's a multi-polar world these days anon, and Thailand isn't a vassal of the West. They want to control immigration just like any sane country does. Taxing the hell out of foreigners who won't leave is a great solution to Thai concerns over an influx of foreign residents changing their country.
>>2735204>you're just out to tarnish the sparkling reputation of someone who spends his life tonguing the assholes of Thai prostitutesNo not really. A lot of what he posts just seems a little out there. Like how he spends his money. Including that inheritance from a dead family member he immediately spent on pattaya whores. Then agonizes how he's broke and miserable but still doesn't really care because the pleasure he gets from lying around is better than improving his life in some way during the two years he has a countdown to Thailand timer.>getting a hair transplant is "agonizingly" normalEveryoneiscrazyexceptme.png
>>2735304>illegals from every neighboring shithole and scamming jeets are fine>rich foreigners aren't fineLol lmao even
>>2735313>Then agonizes how he's broke I’m not remotely close to being broke at all, I’m just not rich. I can still get ahead in life it’s just gonna be really unglamorous and inefficient in terms of time
>>2735314Because illegal browns don’t earn taxable income. Only whites play by the rules and pay for it.Pay up farang. You come to Thailand and stay long time and spend BIG money.
>>2735304>Thailand isn't a vassal of the Westyes it is as a consequence of allowing the OECD to dictate tax policy long ago drawn up by bureaucrats in EU to be adopted by thai tax office without public input against the interests of thais at the cost of the country's future for the sake of prolonging the inevitable collapse of the EU by removing all international competitive advantage draining their feudal tax slaves along with rendering EU goods and services uncompetitive due to their ongoing financial repression of EU citizens. destroying thailand might prolong EU 6-12 months so its totally worth it! do you live or know anyone who lives in the EU? have you asked their opinion on the zone's prospects or their standard of living? it's literally not an issue of taxing foreigners but one of privacy and scope. thailand would've been fine continuing to tax remittances but doing so wouldn't permit collection of global financial data fueling the efforts at global minimum tax. this is only the beginning whereby thailand forfeits growth powered by incentivizing foreign capital for debt financed by EU with all the attendant globohomo strings attached resulting in the financial repression of all thais. thailand represents a threat to EU just for being beautiful and a good example of nationalistic prosperity.>They want to control immigration just like any sane country doeslol. you think the EU cares about borders or stemming immigration? once you've forgone attracting foreign capital, the only route left is increasing the tax base - specifically africans.the EU is an enemy of thailand.
>>2735322>represents a threat to EU just for being beautiful and a good example of nationalistic prosperityLiterally Hitler.