seems a few wide brush stroke analogies there! The most prominent is earning enough interest to qualify for taxation. Most retirees don’t have that much money to be worrying about Thailand taxes on interest. 🤣
that is an assessment based on an income level that is MUCH greater than earned interest remotely touches unless someone already has a substantial level of income.
So that’s not accurate. I paid zero taxes on my interest last year.
It's still a mess, some people are displaced, still power outs in areas and there's still a lot of water but cleanup is underway. What I've seen has nothing to do with media, it's people I know who are not in their homes, knee deep water in many places? 🤷
yes, but I think you’re slightly missing their intent. To prevent people who are not legal US residents to possess American based bank accounts and related financial sources largely to prevent the funneling of funding of external terrorists on US soil. Remember, the Patriot Act was created because of
****
and previous terror attacks.
So absolutely, it does not prevent people NOT in the US to hold US based accounts, it only requires a physical address, not a box or service.
Also keep in mind that banks may have the same name on the surface, but are not the same! Example, a Citibank in Thailand is NOT the same bank or accounts as in the US. So most so called international banks truly aren’t, they’re usually cooperatives at best. 😇