but the capitol gains tax is not bad as you only pay tax on the gain and not the initial capitol , and the amount is based on what you bring in as assessable income and subjected to the 0 to 35 percent tax bands
I know this and read the full article too , but what you don't add is the articles where the world's top accountancy firms etc heve said that Thailand would break international law by concidering implementing this as tax resists ard not citizens of Thailand, and also that within Thailand and the senate they would come up against lots of resistance to implement it so it eould be a non starter---- it would also be the final straw for many tax residents to who would vot with their feet to other countries which alot have already started to do. Thailand is already losing income due to foreigners now significantly reducing the numbers of condo and car purchases and also reducing the money they bring into Thailand if it is classed as assessable income for tax purposes---- Thailand will lose out which has already started
it is ilegal and asa result will not even get to that stage , it's not even a draft bill yet , and world wide you can only do that to your own citizens not foreigners only resident for tax purposes ,