Transcript of the above video: 

As the title of this video suggests, we are discussing Tax as it pertains to the relationship between Thailand and the United States. It's important to point out, Thailand is the United States' oldest continuous ally in Asia; I think that's really important to point out. Our Treaty relationship, the most recent iteration being the ratification of the US - Thai Treaty of Amity in 1966, is the cornerstone to the alliance between Thailand and the United States and I don't, while we may talk about “Oh, were too many concessions or whatever given?” in this context, you have to remember the broader picture which is Thailand and the USA have a really good, really long, working relationship. 

Quoting directly from a recent article in the Bangkok Post, that is bangkokpost.com, the article is titled: "People's Party questions tax breaks in the US pact. Quoting directly: "The People's Party has questioned whether Thailand has offered excessive tax concessions to the United States to secure its recently announced strategic partnership, drawing comparisons with similar agreements signed by Vietnam and Malaysia." Quoting further: "In a press statement, Veerayooth Kanchoochat, the PP's deputy leader and head of the party’s economic team, referred to the joint statement signed between Thailand and the US as comparable to those the US signed with Vietnam and Malaysia." Yeah, and look there's always going to be a little bit of competition amongst various countries, for “oh, did we get the best deal?”

I urge those who are watching this video, go check out that article in the Bangkok Post if you are interested. He does bring up some fair points. This member of the People's Party, the deputy leader of the People's Party does bring up some good points. For example Thailand was specifically nailed down with some numbers -some of Thailand's terms - whereas with Malaysia and Vietnam it was a lot more kind of loosey-goosey and left a little less defined, let's put it that way. That being said, overall I think it's important to again look at the fact that Thailand and the United States have a very good working relationship. I expect on Tax Matters they will probably work out some kind of deal that is in the end mutually beneficial.

That being said, all of this remains to be seen and especially as it pertains to tax issues here in Thailand, we will certainly be keeping you updated on this channel as the situation evolves.