KLexpat

7 ms·

31.
by KLexpat 6y ago
One can determine their own rate of interest. I mean, I could lend you 500 sheep and request 500 sheep + 10% per annum for each year you hold my flock. If you held for 1 year, it would be 550 owed. 2 years, 605. 3 years, 665. With sheep, yo
32.
by KLexpat 6y ago
Capital Gains Taxes + Inheritance Taxes (more so in the UK) + Inflation means that all wealth is gradually eroded. The stigmatisation is to prevent transactions occurring outside of the taxation and government credit system.
33.
by KLexpat 6y ago
The idea of fiat currency only works when people are forced to participate in it. The petro-dollar was fairly obvious in the late 20th century, but now things are more subtle. The key thing is ensuring that all exchanges of wealth only occu
34.
by KLexpat 6y ago
This is less of an issue in highly dense urban areas, such as typical east-asian metropolises. If you live in a building with 2000 other people, it becomes less concerning. It seems like it would be rather easy to create an automated tool f
35.
by KLexpat 6y ago
https://en.wikipedia.org/wiki/Royal_Commission_into_Trade_Un... Commissioner Heydon found that corruption was widespread and deep-seated, and recommended a new national regulator with the same powers as the Australian
36.
by KLexpat 6y ago
former resident of your property could have been mixed up with organised crime. its common enough, you move into a house and random gangs show up looking for money etc that the previous resident owed them. They aren't going to take no
37.
by KLexpat 6y ago
https://cashmanagement.bnpparibas.com/currency/myr "MYR is considered to be a restricted currency, which implies an inherent limitation to the tradability of this currency. Fund transfers in this currency are not
38.
by KLexpat 6y ago
This is generally correct. One of the main effects of CRS being separate to FATCA is that a person from a CRS country like anywhere in the EU, UK, Aus, Canada, NZ... many countries... can hold assets in the US itself which is not a CRS sign
39.
by KLexpat 6y ago
If you're in a country like Malaysia, the domestic branch of a multi-national bank may not accept US citizens, because the Malaysian branch doesn't deal with FATCA/US gov.
40.
by KLexpat 6y ago
If you are a finance company that wants to take on US clients: https://www.irs.gov/pub/irs-drop/rp-14-38.pdf , from the IRS. Then lets say you're a company in... Germany https://www.internationaltax
41.
by KLexpat 6y ago
I work in finance and it IS a colossal pain to deal with the FATCA compliance. There is no official guidance to FATCA and its processes, and every country has passed its own FATCA related regulations. Therefore running a FATCA compliant ent
42.
by KLexpat 6y ago
The critical thinking that the military does not want is "Why am I here" or "Why is the United States here". Tactical/execution ingenuity is favoured; philosophical or political consideration for whether or not a wa
43.
by KLexpat 6y ago
https://www.washingtonpost.com/news/checkpoint/wp/2017/06/09... https://en.wikipedia.org/wiki/Kandahar_massacre https://en.wikipedia.org/wiki/Haditha_massa
44.
by KLexpat 6y ago
Don't forget Nippon Electrical Corporation: http://museum.ipsj.or.jp/en/computer/dawn/0002.html Claude Shannon inventing switching theory is kind of like the american belief that the bessemer process ori
45.
by KLexpat 6y ago
>local citizens US mil doesn't usually restrict itself to sacrificing local citizens. Any unarmed innocents will suffice to keep the dow going up
46.
by KLexpat 6y ago
We lose trust in institutions when prospective government employees cheat on maths tests, but when they dropped the white phosphorous on villagers, massacred children, burned down peoples farms, etc in the war that occured between 2001-pres
47.
by KLexpat 6y ago
The problem is that vitamin D absorption is one of those things linked to ethnicity. It is very basic and undisputed science that lower melanin in skin = higher vitamin D absorption. No European educational institution or government wants t
48.
by KLexpat 6y ago
I never give advice due to what i call the advice paradox. allow me to explain 1. You can give 'good' advice or 'bad' advice 2. Your advice can be followed, or ignored There are thus four outcomes: i. You give good advic
49.
by KLexpat 6y ago
as an expat living in SE Asia (KL) I think it is because masculinity is not defined by ones clothing here. I mean, you are a masculine he-man if you have a good business, if you have big family, but the clothes you wear are no more about yo