CPI adjusted is not something you need to be concerned over...
Everything - the entire world is driven by refinance cycles, the entire world blew up in 2008 and there was a debt jubilee, today that leads to re-finance cycles, and printing the difference, the only thing that offsets the amount of printing needed is productivity, in a world of declining western productivity, that is offset with technology.
Hence the NASDAQ has outperformed currency debasement and the S&P hasn't, now Crypto also serves the same function as it's both Technology + Finance -> and resolves a hell of a lot of productivity constraints (the promise) the volatility however makes it riskier.
CB Balance Sheets (G7) rise = currency debasement = Tech stocks +, Crypto+ outperforming the market and currency debasement, whereas S&P + but static comparable to spending power (currency debasement).
This has occurred since 2013 (European Debt Crisis).
America is where it's impacted, because the vast bulk of Wealth from Europe etc is invested in the US, the US benefits from it as it provides the powerhouse for the economy, Europe doesn't really get impacted due to demographic decline except in the youth.
"To me, putting money in
Thailand other than the expense would add risk but less return. There are better markets(higher rr) to invest" its called diversification (geopolitical, demographics, monetary, technological, commodities etc)
Thailand for example would make up a % of your portfolio, low 1 figure % wise.
There's some high returns in the Thai markets, and to be fair it will absorb or already is a lot of the manufacturing from China - US issues, which provides significant opportunity.
I am not referring to real-estate, bars etc, but productive companies/industries.
Just seen this in a article : roedl.com
In general, the Thai Revenue Code states that a tax resident is only required to pay tax on foreign-sourced income (e.g., income received from employment abroad from a foreign employer, income received from property located abroad, etc.) if such income is brought into Thailand (remittance principle). Under the current interpretation of the Thai Revenue Code, foreign sourced income was only subject to tax, if it was remitted into Thailand in the same year the tax resident has derived such income. Thus, foreign-sourced income was not subject to Thai income tax, if the assessable income was not brought into Thailand within the same tax year the tax resident has received it. Thus, if foreign-sourced income received abroad in 2021 was brought into Thailand in 2022, it was not subject to Thai income tax.
The aforementioned regulation now states that foreign-sourced assessable income is subject to Thai income tax when brought to Thailand regardless of the year it has been derived. Thus, foreign-sourced income received in 2024 and brought into Thailand in 2025 would now also be subject to Thai income tax. The guideline is scheduled to be enforceable from 1 January 2024 onwards. Thus, while maintaining the remittance principle, Thailand would widen the scope of taxable income significantly.
The Director-General of the Revenue Department announced a “focus group” to “discuss” the impacts of the guidelines, also assuring that there will be no double taxation. In this regard, the Revenue Department issued a clarification on 19 September, outlining that income previously taxed abroad would not be taxed in Thailand, subject to applicable treaties on the avoidance of double taxation. For example, in the case of income received from immovable property, the tax treaty between Germany and Thailand states that such income shall be taxed in the country the property is situated in.
It remains to be seen how the regulation will be implemented in practice after the feedback of the focus groups. Thailand seems to want to address the case that income is neither taxed abroad or in Thailand (due to the current implementation of the remittance principle in Thailand), i.e., the opposite case of double taxation.
Now setting aside those that live off income overseas in the same year, still being shafted, for those that own equity in on-going concerns overseas, they'd still be tax free i.e until they remit any dividends/income from *unless earning a income and remitting*.
My concern has always been the idea that i'd be charged tax for the ownership of a ongoing concern just because of being a equity owner.
Seems this interpretation is a little fairer, and opens up other avenues for bringing money in almost tax free if residing in Thailand from savings etc via the current deductions/gifting allowances.
Not really, just because it has a ethnic Chinese community, Singapore has always straddled the line of playing with both sides geopolitically, i.e being neutral.
