This Is Thailand! Sell Crazy Somewhere Else OECD & Tax Invaders

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  • Опубліковано 28 лис 2024

КОМЕНТАРІ • 180

  • @Scott32185
    @Scott32185 3 дні тому +38

    I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love

    • @Jimmykimmel-u3j
      @Jimmykimmel-u3j 3 дні тому

      My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

    • @FredRed-n6o
      @FredRed-n6o 3 дні тому

      Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.

    • @Winston66745
      @Winston66745 3 дні тому

      Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

    • @ZanderCruz-fd1vw
      @ZanderCruz-fd1vw 3 дні тому

      Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times

    • @CashTerry-g2m
      @CashTerry-g2m 3 дні тому

      Life is easier when the cash keeps popping in, thanks to Elizabeth Regina Nelsen's services. Glad she's getting the recognition she deserves

  • @wringw
    @wringw 3 дні тому +27

    Keep up the good work. Nice to see someone standing up to this globalism

  • @MrJizez
    @MrJizez 3 дні тому +27

    Very well put. This should be voice translated to Thai just to enlighten them too.

    • @Kohyoti
      @Kohyoti 3 дні тому +4

      Should produce videos in both languages.

  • @adriankung1625
    @adriankung1625 3 дні тому +21

    Love hearing this from you!
    As a Canadian, this is exactly the kind of BS I'm looking to *escape* from. As my retirement days loom large, I look around at my home country and don't recognize the place where I grew up and assumed I'd be spending my "golden years". Thailand is high on my list of places I'd want to live out the rest of my days and I certainly don't want the creeps of the WEF and WHO "elites" wrecking it too!
    Thank-you and Cheers!...from North Vancouver

    • @pinn7516
      @pinn7516 2 дні тому

      I can recommend Thailand. Don't wait until you retire. You need a lot less money than in the West to live a great life here.

  • @up2u162
    @up2u162 3 дні тому +13

    100% spot on. While theyre Remittance based, I'm 179 days and remit or 180+ with $0 remitance.
    When they go Worldwide, I'll be 179 days or less.
    Its not the tax or the money (per se), it's the additional paperwork, bureaucracy and hassle. No thanks.

    • @mfj2648
      @mfj2648 3 дні тому +3

      I fully agree with your plan. I already consulted with a Thai tax accountant and we looked through my financial situation and I will implement the following tax minimalization plan:
      1.) I topped up my Thai bank account in late December 2023 for my 2024 expenses after the Thai Revenue Department announced the change on Assessable Income in September 2023.
      2.) Consequently, I will not have any Assessable Income in this tax year 2024.
      3.) On 29 December 2024 I will fly to The Philippines and start my 180 days outside of Thailand to avoid becoming a tax resident in tax year 2025.
      4.) During the tax year 2025 I will top up my Thai bank account for both years 2025 + 2026.
      5.) In August or September 2025 I will re-enter Thailand, thus not becoming a tax resident.
      6.) I can live the full year 2026 in Thailand, as I won't have any Assessable Income in the 2026 tax year.
      7.) I will repeat the above steps 4, 5, and 6 for tax years 2027 + 2028 and 2029 + 2030.
      8.) In tax year 2030 I will apply for the Thailand BOI LTR Wealthy Pensioner visa - which exempts you from paying taxes. Unfortunately, I cannot apply now because I do not yet meet the 2 prior years passive income requirement of $80,000 USD in each year. In year 2028, when I will be age 67, I will start to collect Social Security which will push me above the $80,000 USD threshold + 2 more years, as required by the BOI LTR Wealthy Pensioner retroactive requirement.

    • @mfj2648
      @mfj2648 3 дні тому

      So, with proper tax planning with a qualified Thai tax accountant you can make a plan for yourself. It is ugly but dooable.

    • @up2u162
      @up2u162 3 дні тому +1

      @@mfj2648 yes, the LTR is the only way around the remittance or when they go Worldwide.
      I've considered but I don't plan to adjust my US tax status to appease a foreign workaround (for now).
      Best of luck to you, sir. Hopefully, they don't go WW before you're ready for the LTR👍

    • @tyvid
      @tyvid 3 дні тому

      LTR loophole for the rich. Doesn't surprise me. meanwhile the less wealthy are burdened with the remittance taxes.

    • @tyvid
      @tyvid 3 дні тому +4

      @@up2u162 Are people that desperate that they will want to spend basically half in one country/other countries and half in Thailand? Is Thailand that amazing it warrants expats having to live a 'double life' so to speak, to circumvent the remittance tax laws that may be implemented? For me that idea would wear very thin after maybe two years. A big disrupter to relationships, accommodation issues, storage, higher short term rental leases, loss of social integration and sense of community that goes with long term permanent living, a sense of belonging. It would get very tiring for most, particularly as you get older. Not a way to live life long term at all. Best option I think, if this tax is implemented, is to move elsewhere and restart life and all the connections that entails in a other friendlier country and spend all my life savings there instead.

  • @Buckaroobaby1
    @Buckaroobaby1 3 дні тому +11

    OH, so this is why the real estate market is taking a dump.

  • @RamblinwithRobDawg
    @RamblinwithRobDawg 3 дні тому +17

    Benjamin,
    You are entirely correct. Don't listen to the ignorant people commenting without the knowledge to understand the broader picture of what is happening or what can happen. Great job. Keep it up.

  • @Mango-j5r
    @Mango-j5r 3 дні тому +20

    Using the Covid operation as an example of what internationalists are capable of is a fine example. Problem is, a very great number of people are still clueless about the origin and intent of that campaign. Plenty of people both in Thailand and abroad will mindlessly put the masks on again if told.

    • @PaulBengtsson
      @PaulBengtsson 3 дні тому +2

      Yes, specially in Thailand. Seems like 50 % of population are still in masks..

    • @OsmiumFist
      @OsmiumFist 3 дні тому +2

      Exactly! Just look at Thais using no cash. They seem to think they are sophisticated or hi so scanning everything. They lined up for their jabs like the rest of the Serfs world wide.

    • @Ghekko-kw3zz
      @Ghekko-kw3zz 2 дні тому +1

      @@Mango-j5r + line up to be experimented on. So absurd & where's the accountability? Hero Trump isn't even mentioning the topic other than "we did a wonderful job".

  • @clrodrick
    @clrodrick 2 дні тому +3

    It sucks because I had planned to move to Thailand in 2025 ... and now this. Not sure what I will do now.

  • @nickt311
    @nickt311 3 дні тому +7

    I've been in Thailand on a retired visa for 5 years and this is my last year here . ... Back to USA as I have my medicare and will never ever pay taxes for Thailand.... Bye bye Thailand..... It's getting too complicated and too unpredictable to stay here!!!!

  • @tyvid
    @tyvid 3 дні тому +9

    Whilst most of us retiring and staying here as expats love Thailand, they are punching above their weight, acting like a first world nation if they think that most affected expats will just 'suck it up' and accept to pay on top of the living and spending allowances being remitted into Thailand.
    A major drawcard for coming here to retire has always been the tax-friendly way our remittances have been dealt with. It's enabled us to spend directly into the economy and suport partners, buy small and big ticket items.
    This change in remittance tax - if it is a foregone conclusion, will undoubtedly see an exodus of expats who will be affected. And the uptake of new expats will reduce dramatically.
    It seems unaffected will be expats with ex-military, certain civil servant pensions, US social security recipients and countries with post-taxed pensions. The rest of us will be affected it seems, if this goes ahead.
    Phillipines and other tax-friendly, affordable countries beckon and will benefit. Thailand seems it just wants to take take take and not give back at all. No incentive offered like being included in the medical health care Thai-rate system. I am sorry but i am not throwing my retirement money i spent decades accumulating into a private pension to then be taxed.

    • @Richard.Cabeza
      @Richard.Cabeza 3 дні тому +1

      The cost to value goes down significantly if paying taxes on money brought into the country... And they have really lost their minds if they try to tax money that doesn't get remitted to Thailand.

  • @bradleyrichards6613
    @bradleyrichards6613 3 дні тому +2

    As an American I'm in the process of retirement in Thailand all of my thai family and friends agree with your take on the economics/ banking ! Thank for all your updates.

  • @stessalee
    @stessalee 3 дні тому +2

    Thank you for standing up for the Thai people!

  • @MyOwnPremium
    @MyOwnPremium 3 дні тому +15

    So while there are some in their home countries who will take any kind of abuse, the foreigners who come to Thailand are those who are not afraid of leaving.

    • @pAuL-nb2ud
      @pAuL-nb2ud 3 дні тому +2

      Gooooooooooooooood point ✈️

  • @gregslack8055
    @gregslack8055 3 дні тому +6

    Thank you again Ben. Let’s hope they listen!

  • @smarkjackson
    @smarkjackson 3 дні тому +5

    Thankyou for sharing your opinion. Good to hear logic!

  • @albertinsinger7443
    @albertinsinger7443 3 дні тому +32

    Foreigners having to pay taxes in Thailand means less money will come into Thailand. Less for girl friends, less to buy property , less for clothes, less for cars etc….

    • @Ghekko-kw3zz
      @Ghekko-kw3zz 3 дні тому

      Keeps the gullible long game victim turnover busy, a boon for side hustling bargirls.

    • @mfj2648
      @mfj2648 3 дні тому +6

      and less for boyfriends 😘

    • @tyvid
      @tyvid 3 дні тому

      @@albertinsinger7443 and the reverse onus on you to prove the origin of remitted funds, whether or not it was taxed and by how much. Paperwork, certified and notarised documents costing $$$, accountant fees $$$, financial advice fees $$$. Add in mismatched tax years as well, like Australia where our tax year ends 30 June. Many self-funded retirees wait till they are tax assessed to pay taxes owing, and that can take up to 11 months at times to lodge all paperwork. Makes lodging a tax return in Thailand more complicated as will need Australian accountant to make a half year assessment (?) and means potentially pre-paying tax (?) that previously wasn't required. Add tax credits, which are not recognized in Thailand but are in your country, meaning more tax liability in Thailand, when certain tax refund cheques could be remitted to Thailand. A f###ing nightmare. It's gotten a whole lot more complicated if this announced remittance tax amendment goes ahead for sure.
      Capital gains which are wholly or partially exempt in Australia, are not in Thailand. So remitting that money as well means $$$$$ taxes for Thai tax revenue. Be careful selling a house/condo, shares or any other profits in Oz/any country and remitting money to Thailand as a tax resident.

    • @chrissmall1246
      @chrissmall1246 3 дні тому +2

      Agree... taxation, especially double taxation will scare people away, especially those on a fixed income.

    • @monsieurgdavid
      @monsieurgdavid 2 дні тому +4

      It started already
      With the uncertainty about taxes that started in 2023, results for my Thai wife and I in 2024
      - Not send 1M THB for a new car, canceled
      - cancel the building of a new bengalow on our land (800 000 THB)
      - Cancel my 51st birthday party in Thailand (20 guests from USA and Europe canceled their trip, hotel booking and 2 weeks holidays
      in Thailand for the party)
      - Inform Thai family that the current situation make us stop our financial supports, as it is impossible to know for sure what rates we will be taxed on money sent to Thailand.
      - Start to look around to move to Malaysia or Philippines if it keeps getting worse and worse here.
      - I am a veteran on Elite visa, not planned to renew it for now
      Well done!

  • @TheSkagen
    @TheSkagen 3 дні тому +1

    YES! You are voicing the few - Save the liberty ! Save Thailand! Keep Thailand free from One World Government - the Comintern

  • @IsaanFarmer-f1f
    @IsaanFarmer-f1f 3 дні тому +1

    You hit the nail on the head again. Agree with everything. I just hope you get somebody's ear in parliament. This is the talk which should be given to everyone making financial, banking, and economical decisions in Thailand. I often get the feeling that gov officials here let themselves get bamboozled by these economic hitmen (great book) way too easily into making decisions which go against their best interest. But it's also likely that these economic hitmen incentivize decision makers with certain financial packages leading them to make decisions which are anything but in the interest of the country.

  • @hermanvisser4034
    @hermanvisser4034 3 дні тому +12

    Im really starting to enjoy your channel. One of the most intelligent presentations on UA-cam. Grateful there are still sane people that can see through the lies and deceit of the WEF and other wicked, rich leaders. Satan is unfortunately running our world (since he was kicked out of heaven) until the new King of Kings comes down to stay with us (and clean up this filthy place).

  • @richardi9242
    @richardi9242 День тому

    'digital magic-bean money' and everything else Ben says is spot on; all the things that some of us have been awake to for the last few years. Indeed, it is the reason that I am in Thailand now. Carry on Ben!

  • @booftiger
    @booftiger 3 дні тому +2

    Love your work my friend.
    If you dropped out the word " Thailand " and replaced it with "Australia " it would still be on point.

  • @freedomforall7003
    @freedomforall7003 3 дні тому +6

    N1 Ben, Where's our Human Rights, sry forgot, We have None

  • @tongdeeandmoon
    @tongdeeandmoon 3 дні тому +3

    Ben, hello. We have met before and had a brief chat in Jomtien. I thought then you were an intelligent young man, polite and friendly.
    I have a genuine question for you. Not trolling so really no need to shadow ban this comment.
    Who are videos like this aimed at? Does anyone amongst your subscribers have any influence of any kind?

  • @marcophuket2182
    @marcophuket2182 3 дні тому

    Dear Benjamin,
    I totally agree with you .
    Please note that Thailand has signed the AEOI - CRS since two years with 120 countries . ( and that not beeing yet a full member of the OECD to my great surprise...) .
    In September 2023 Singapore IRAS has started to exchange end of the year bank statements with the Thai Revenue Dept about Thai Residents ( Expacts or Thais ) who has accounts in Singapore Bannks and September 2024 more countries will follow .
    With this AEOi - CRS Thailand is already a step IN OECD .
    BTW one of the few last Country who is not in the CRS - AEOI is USA as they got Fatca already .
    Banking Privacy is a thing from the past . Hope our Database will be well handled by thai authorities 🙏🏼

  • @Jimhhh67y
    @Jimhhh67y 3 дні тому +3

    Keep up the great work 👍👊🙏

  • @waynelesperance5604
    @waynelesperance5604 3 дні тому +3

    Thank you for this video.

  • @herbertvonsauerkrautunterh2513
    @herbertvonsauerkrautunterh2513 3 дні тому +2

    Malaysia is at the top of my list at the moment. I have a long term Thai wife and we have property the but it's not looking good going forward. We have a lot of money and therefore other options

  • @edt1974
    @edt1974 День тому

    Thank you for your bravery! I will use your services soon, very few persons people are willing to say something about WEF and what’s really happening . I love the US, lived here for over 28 years, but so many things are happening in the last few years , I’m preparing myself to retire early .. sadly Thailand was my goal, and now , it’s hard to understand where this is going . Hopefully Trump will be able to take charge ( regardless of compromising DS figures being picked) before WW3 starts , which is all part of their game “ all or nothing “ . With US getting back, we might see a positive reaction of resistance globally , still, the globalist bank system might be slowed down, but strong measures will have to be taken in order to prevent a total takeover . I truly hope Thailand won’t become another UK.

  • @Sam-ny1ng
    @Sam-ny1ng 3 дні тому +2

    Keep up the good work Ben!!

  • @ThaiBob33065
    @ThaiBob33065 3 дні тому

    One of the Best videos yet!!! Thanks

  • @ladyboomer2
    @ladyboomer2 День тому

    Absolutely fantastic rant. Totally nailed it on so many fronts.
    The West is toast👍🏻

  • @troymarcus5168
    @troymarcus5168 2 дні тому +1

    in Thailand as a xpat you can not water your plants or go out and paint your fence because the military will take you to the airport a horrible way to live

  • @kakhipudhi
    @kakhipudhi День тому

    Thailand for the Thais. Freedom from colonial powers whether from EU or China or USA. Just like the 50% plus one ownership rules, do not sell Thailand to foreigners.

  • @lagianna100
    @lagianna100 2 дні тому

    It's too late. The automatic exchange of information has already happened. We're screwed

  • @Amorhoo
    @Amorhoo 3 дні тому +4

    Leave Asia alone, or else!

  • @lukegarcia3238
    @lukegarcia3238 3 дні тому +1

    "Compliance rainbow" 😂😂😂 cracked me up, love the passion but on a serious not im a little disappointed in the signaling coming out of Thailand, im currently a Brit in Asia looking for somewhere to call home, maybe buy a place and it seems the WEF agenda is having more of an effect in Thailand than I thought it would 🙄 very depressing as Thailand is my no 1 pick

  • @TrevorMaslen-ci5xq
    @TrevorMaslen-ci5xq 3 дні тому

    Has the Thai Government been approached or made any comment about the status of the Residential Taxation and now the CRS?

  • @zeros7067
    @zeros7067 3 дні тому

    The push is also coming from within Thailand. There are many carrots of various shapes, sizes and colors on offer to the power and ambition hungry people in Thailand who are in a position to support these invasive measures designed by various so called world organiations.

  • @calibre8718
    @calibre8718 3 дні тому +3

    I won't be replying back!

  • @stevedobson7837
    @stevedobson7837 3 дні тому +1

    Well said.❤

  • @baretlepejian324
    @baretlepejian324 3 дні тому

    Perfect Video, Perfect Message

  • @dumbfoundedagain
    @dumbfoundedagain 3 дні тому +1

    On this totally agree !!!

  • @BrianPolito
    @BrianPolito 3 дні тому +2

    Nailed it

  • @openmac
    @openmac 2 дні тому

    OECD; 'Overbearing-Elitist's-Compliance-Disorder' ??

  • @quin2023
    @quin2023 3 дні тому +6

    excellent.... good stuff !

  • @zorro6010
    @zorro6010 3 дні тому

    Perfectly said

  • @baaser900
    @baaser900 3 дні тому +2

    Spot on sir. It had to be said 👍🙏

  • @solgoodman730
    @solgoodman730 3 дні тому

    Bring gold into Thailand if you can, easily sold here

  • @razz.7446
    @razz.7446 3 дні тому +1

    Been travelling too and living in Thailand since 1980 . Christ it has changed and not all for the better

  • @happyslave6783
    @happyslave6783 3 дні тому +1

    Just look at what they've done with Sri Lanka.

  • @vintageexcellence
    @vintageexcellence День тому

    👏 👏 👏 Ben is right

  • @globin010252
    @globin010252 19 годин тому

    great rant...gimme more

  • @gavinmacdonald9998
    @gavinmacdonald9998 3 дні тому

    Well said..👏

  • @happyslave6783
    @happyslave6783 3 дні тому +1

    Can you make this speech in Thai?

  • @arthurmarolf2190
    @arthurmarolf2190 2 дні тому

    If he was a woman l would like to marry this guy

  • @stefankropff
    @stefankropff 3 дні тому

    Another Great video 👍

  • @sovrintv
    @sovrintv 3 дні тому

    Agreed.

  • @josephsonoftheuniverse5541
    @josephsonoftheuniverse5541 3 дні тому +1

    Tyger tyger burning bright in the forest's of the night
    What immortal hand or eye dare frame thy fearful symmetry

  • @cb2022
    @cb2022 3 дні тому

    100% Power needs the truth.

  • @josschoonenberg6141
    @josschoonenberg6141 3 дні тому

    Should we fill in the form from the bank and return it?

  • @1959Kenh
    @1959Kenh 2 години тому

    Can you speak Thai?

  • @AllanDowling
    @AllanDowling 3 дні тому +1

    Have a look at Australia Thailand is not so bad

    • @OsmiumFist
      @OsmiumFist 3 дні тому +2

      Australia is the WORST nanny state.

    • @mikimoto99
      @mikimoto99 3 дні тому +2

      And NZ and Canada​@@OsmiumFist

    • @boguszzbigniew8083
      @boguszzbigniew8083 День тому

      @@mikimoto99 all comunist far left lunatic

  • @CIOXYZ-c6i
    @CIOXYZ-c6i 3 дні тому +1

    Alleluia!

  • @createyourshape9514
    @createyourshape9514 3 дні тому

    N W O

  • @tyc00n
    @tyc00n 3 дні тому +2

    isn't it obvious that to fight climate change we should favor rationing of gas, meat and electricity? 🤣

    • @doodlegassum6959
      @doodlegassum6959 3 дні тому +7

      Pro tip : its the sun 🤣

    • @steveg4334
      @steveg4334 3 дні тому +5

      "Fight climate change" 🤣🤣😂. Good luck with that.

  • @skipperclinton1087
    @skipperclinton1087 3 дні тому

    You're a bit worked up today my friend and it's a bit unusual for you.
    Actually unless things have changed the US is the only country in the world that taxes income made outside the US. SMFH!

  • @MikesTropicalTech
    @MikesTropicalTech 3 дні тому +6

    Stick to tax law, it's something you seem to actually know about. Edit: OK I subscribed for a day and now I'm gone.

  • @stefanlouw6395
    @stefanlouw6395 3 дні тому +2

    Okay, this looks like serious fun. TIT. Ben is the best! This is all starting to sound quite bleak, I guess all we can do is pray 🤨

  • @dustinmiller2775
    @dustinmiller2775 3 дні тому

    N.W.O.+W.E.F.= FEW OWN

  • @Where_The_White_Women_At
    @Where_The_White_Women_At 3 дні тому +4

    I agree 100% - However, have you ever considered switching to a decaffeinated coffee ☕

    • @josupi6454
      @josupi6454 3 дні тому +7

      No, he needs more coffee! I come here to this channel especially to hear his rants😂

    • @Where_The_White_Women_At
      @Where_The_White_Women_At 3 дні тому +1

      @@josupi6454 😁😁

    • @espresso92945
      @espresso92945 2 дні тому +1

      pl[ease drink more organic espresso thanks Ben
      great work