I agree with what you're saying but say for example the money or the in whatever format it is was texted 20%, whereas Thailand says that the rate is 35%, the difference will be due..... I'm just sitting on the sidelines reading the info and chewing over it as it comes in
I agree that I'll double tax agreements with different countries and in different formats.The essential difference seems to be that they are going for income as opposed to savings, I think that's a key point to bear in mind. There is talk, and I know it's early days and nothing is clear yet, that one will have to declare all worldwide income and that will be up to them to sift through it all and decide. I can't see many people being happy about that one
okay sure one has to see where the cash comes from and whether it's part of a pension or not and from what country has different countries have different deals, but my statement is generally true that all incoming income will be taxed with some exceptions