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08-08-26 savo
on a different matter..
Thailand is now taxing foreign sourced income remitted to Thailand.
Tax on Remittances: Under guidelines effective January 1, 2024 (Revenue Department Orders No. Por. 161/2566 and 162/2566), if a tax resident brings foreign-sourced income into Thailand, it is subject to personal income tax at progressive rates (5% to 35%), no matter when the income was earned.
Offshore Exemption: Foreign income that is not remitted (brought into) Thailand remains untaxed. Money earned before January 1, 2024, is also generally exempt when brought into the country. |
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08-08-26 savo
carib..
trump can not be reelected...
he would do a service to trumpism by resigning an giving JD the chance the steer the ship.
If he doesn't it will be back to the Dems. |
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08-08-26 carib
| Savo: point is the residual members of the GOP are, Collins Murkowski, Mc Connell, Cornyn, Massie and a few others, mostly on the way out. There is a Trumpist party, but it's something else, IMHO. |
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08-08-26 savo
add Japan to the mess they continue having base rate at ..... 1%.
And the yen is falling off a cliff.
If they increase rates to stop the falling the whole yen dollar carry trade will unravel.
If they sell treasuries to buy yen and prop it up... US rates will go even higher...another headache for DT
If they do not sell treasuries and repo them to the US.. QE extends to Japan and there will be more inflation.
Damned if you do and damned if you don't.
I think this mess is what propelled gold miners up 20% in the week.
Let's see what rabbit Bessent pulls out of his hat this time. |
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08-08-26 savo
I think the GOP should ask DT to resign.
His popularity is as low as 33%... inflation, the debt, the deficit, the trade deficit are ATH and the economy sheds jobs..
His handling of this unnecessary war has been nothing less than pathetic.. his alliance with Isreal a resounding failure
If he goes now may be JD manages to contain the damage and have a chance in 2028. |
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08-08-26 savo
BREAKING: Iran has laid out nine conditions for reopening the Strait of Hormuz — including $300 billion in compensation, a ban on U.S. and Israeli vessels, and up to 7% transit fees — declaring the waterway will not open until the U.S. "corrects its behavior," per Fars News.
The Supreme National Security Council stated that Iran "will never compromise, whether in war or in negotiations" and that the U.S. must meet all conditions before the Strait reopens.
The conditions include:
1. An end to U.S. threats and insults
2. A permanent end to U.S. wars against Iran and its allies in Lebanon, Palestine, Yemen, and Iraq
3. Lifting the naval blockade and withdrawing U.S. forces
4. $300 billion in compensation for war damages
5. Lifting all sanctions
6. Unconditional release of all frozen assets
7. Iran's right to charge up to 7% on cargo
8. A ban on U.S. and Israeli vessels
9. A 20% violation toll on ships if conditions are breached
This is not a negotiation — it's a surrender document. Iran is not asking for concessions. It is demanding U.S. capitulation on every front: money, military withdrawal, sanctions, and control over the Strait. The $300 billion figure is not a starting point; it's the price of doing business.
The U.S. can accept these terms or keep the Strait closed. There is no middle ground. Tehran has drawn a line, and Washington is on the other side of it. The ball is now in Trump's court — but the conditions aren't changing.
https://x.com/HormuzReport/status/2086126445051687039 |
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08-08-26 carib
Ball back in Trump camp.. with few options available, I guess...
Iran’s top security official warned that Tehran would not reopen the Strait of Hormuz unless the US “rectifies its behaviour”, and called on Washington to “permanently end” its war against the Islamic republic and lift its blockade of Iranian ports.
Mohammad Bagher Zolghadr, secretary of Iran’s Supreme National Security Council, also said on Saturday that the US should withdraw its forces from the vicinity of the republic, pay Tehran compensation for war damage and lift its sanctions.
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08-08-26 savo
I do not understand why markets pay any attention to the first job numbers that come out every month ... they are not real... they are a fabrication which they call an estimation... and are systematically revised down when the real numbers come out...
May be they should provide aggregate numbers for the year or better for the presidency for example..incorporating successive revisions to have a clear picture how the president in charge did during his tenure. |
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