Urgency to Flee Australia Before New Rules Take Effect
ฝัง
- เผยแพร่เมื่อ 1 ส.ค. 2024
- New Australian rules about to make escaping the tax net much harder
Wealthy people are fleeing before they come into effect.
It was already quite difficult to cease to be Australian tax resident, even if you leave the country!
You could spend as little as 45 days in Australia (while living abroad for the rest of the year) to be considered Australian tax resident! That's insane!
There have been talks about implementing what's called ''Bright Line'' Residency Test, a test that would make it clear whether you're a tax resident of the country or not.
It is difficult to escape the Australian tax net, and it will get even more difficult in the future so it's best to plan accordingly.
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I remember an acquaintance saying to me in the 1970s, do you realise that we are living in the best times now, quality of life is all going down from here onwards, that has proven to be true.
Australia the lucky country, yes for the uber rich and those well off with multiple investment properties, not so lucky for the rest of us, and in the last few years the situation is getting much worse, at this rate I just wonder how bad is it going to get! 😞
As an Australian the way I see things is that we are as a Country being fleeced at an alarming rate, the Corporate world pays very little to no tax while the wage earner along with Small Business carries our Country on our backs. This leads to resentment in the general community, along with constant division from very poor Governance.
We are being controlled from Brussels
Brussels??????
The Australia First institute revealed that she'll, Exon and chevron exploit gas for free pay no government taxes or royalties then sell it overseas and back to us at inflatable prices!
I'm an Aussie married a Dutchie , lived in the Netherlands for 9 years came back for 3 years 2019 -2022 WTF !!! happened to my beautiful Australia. Every second guy and girl is called Karen rules rules rules debt debt debt.
No, every 9 out of 10 is called sanjit, ramjit, rohan, kim, wong and chong;) even the abduls and omars are in monrity:)
Paul Keating, turn this place in to rip-off cuantrey. Wellcome to communism.
@@farzinfrank2553you got that right, and they drive an Uber or 711
I'm Australian, been in business 40 years, you are 100% correct about living under a cloud of giant, intrusive bureaucratic henchmen. We have so much compliance at every level of government.
Australia is a great place to live if you never want to get ahead or own anything. Just be able lower your standard of living and the welfare system can provide for your needs.
If the ATO wasn’t a government organization they would be a criminal enterprise. If you work and try to accumulate anything you are taxed on your tax eg..GST, goods and services tax on top of income tax on top of luxury tax on top of petrol business tax. Not to mention every place you want to go has a tolls that all link up and have per kilometer rates. It’s the equivalent to a modern day slavery.
What a heap of selfish crap. Stay in USA land of the free and homeless.
after growing up in the 70s in Sydney it was the best country in the world but now it's a joke how bad is it? we make nothing tax everyone and everything multiple times and wonder why things are going bad.
The ATO isn't a legal entity, but the Australian Government justify it's existence due to the Tax Act. You are correct it technically is a criminal enterprise, and in fact the Australian Government is corporation masquerading as government. There is no line of Authority being God-Monarch- Commonwealth and the Australian Government's Crown is a St Edwards Vatican Crown not the 1901 Imperial Crown of the Commonwealth of Australia. The pretend monarch is a company named "Elizabeth 2" or now Charles 3.. Smoke and Mirrors and Freemasons
1 million Aborigines want their royalties.....
All true except the tolls are not km based.
I was refused an exemption to leave Australian back to the UK to see my mother who was riddled with cancer, in hospital and in her last moments on this planet.
Luckily they opened the borders shortly after my refusal. Luckily I got to see her for two weeks before she died.
From that point on I decided I cannot stay in this type of country with a mind set like 1940s Germany, so I have since relocated back to the UK-London where I wake up each day with a big smile of my face knowing I escaped!
I also actually of thinking of denouncing my Australian citizenship because of mine and other peoples experiences.
New migrants beware, Australia is sold a paradise, but under the surface it’s the opposite.
I also find it funny how the Australian government is so critical of China and the policies they impose, when they are doing the exact same things to there own citizens.
They are much worse than china, or any where else in the world. This is a worse place on the world to live.
Australians have always been treated like crap by the government, white or indigenous, but whites much better than the indigenous. It was after all only settled (or stolen) to dump the excess petty criminals from England and exploit the land for its wealth. The care factor here has always been zilch and nothing much has changed.
Yep and how about the drug problem here mate is literally so so bad
Spot on.
I don't think the UK is any better off than its penal colony
I hate this place, Australia is only a land of opportunity for a very exclusive and select few, our unemployment and poverty statistics are not correct.
Bullshit !!! You are a lazy cant but at the same time you want to live the high life !!! You think people get rich by sitting on their asses smoking dope the whole day....
Only country in the world I'm aware of that back dated tax laws to screw over there own citizens.
Clive James, the late Australian humorist long-resident-in-the-UK, famously said " ‘The problem with Australians is not that so many of them are descended from convicts but that so many are descended from prison officers.’
This. Though i always misattributed the quote to Michael Palin
I totally agree with you as an ex prison officer lol
@@redhammer9910
To be precise they were navy marines
And look at us now, doing amazing and loving it here.
The real problem is too many anglos
Billionaire kerry packer said to the A.T.O, " i will pay more tax if you stop wasting tax payers money on bad decisions".
One of the best speeches ever!!!
After the pandemic I have never wanted to leave this place more. The worst part is most people here are complacent
dont get me started, i used to be proud to call myself an aussie but now im disgusted and still cant believe how many sheep there are that blindly follow outrages bullshit claims and "facts"
I am moving to Europe (non EU country) to be with my future Mrs. I am going to get married there, start up a Company and apply for residency asap. Hell if this shithole of a country is going to get any money I make overseas, especially once I leave this dump of a place. They can go get knackered.
i know man, i fucking hate this country so much, i wanna leave so badly, its a fucking shit hole, i feel so imprisoned here, it just got worse with the covid scam
I hear ya mate.
Our hospitals are a joke and actually killing people more than saving them.
I’m so pissed off
True that 👍
As an Australian citizen, i can confirm that the government doesn’t give two sh*ts about you or your circumstance, just as long as they can make money then they don’t care what happens to you.
Medicare and centrelink benefits would beg to differ
@@bfnew4440exactly
@@bfnew4440 not in my case, I’ve been homeless for 8 months now living off the land, all because they won’t help me out with jobseeker when I need it. 10 years of continuous work, paying taxes and this is what I get when I struggle, just a soccer mum at a desk telling me I’m ineligible for support.
@@Ligma_butt sorry to hear that. Things wouldn't exactly be better elsewhere though, especially not in the countries that the guy in the video is commending for their tax regulations. It's obviously bad that the system isn't working for you and your situation is unfortunately really common globally, moreso than in Australia. There are only a handful of little rich European countries that are better about social safety netting than Australia, and they also have tight and staunch tax regulations. It comes with the territory and no system will be perfect
@@bfnew4440 I get piss all from either of them
We're leaving after 30 years. Another 10 years from now we'll be just like dystopia Canada.
Yep, my 20 years are up in November, got togo and leave this place behind. Never thought that even Aussies born here start making plans
8 months after you wrote this, I’m reading this due to wanting to leave. Never thought I’d say that about the country I love, but it’s becoming unliveable.
Australia is worse than Canada
Already is
I left Australia after 30 years and what a good decision that was.
I love Australia but sadly this place is changing for the worse.
As an Australian, I’m shocked how many aussies are here defending the ATO in these comments. Crazy, really enforces that nanny state mentality you were talking about.
Think I’ll take your advice on going to Thailand. All my income now is from dividends and capital gains, so if Im understanding correctly, Thailand wouldn’t touch that income as long as it’s not remitted, and the ATO should also leave me alone
Hey. go live in a 3rd world shithole. They got cheap beer and prostitution though.
@@ian7033-qj9wgAustralia is the shithole
Been in Thailand for 8 years, no tax from fully franked dividends as the tax is already taken out by the company paying you the dividend. Any money you have in you bank is taxed at 10% on the interest you earn, e.g. $1,000 - $100 and the bank takes that out, providing you tell them your going overseas and will become a foreign or non resident. Watch out for the new laws coming out (nothing concrete yet), but I heard that you would have to be out of the country for 3 years to be considered a non resident for tax purposes and in country for 45 days to be a resident for tax purposes, more than likely if it does come into effect, it will be around 1 July 2024. Edit: Also no Capital Gains Tax on the sale of shares. But don't hold property whatever you do.
@@confucius247 Good Tips, sounds like you are spot on. I dont own a home in Australia. I've amended my plan, likely wont go to Thailand due to the hazy foreign tax laws. Non Dom Uk Taxation would likely be better, and Australians under 35 are eligible for a 3 year youth mobility visa. Seems like a good path to take, ill make sure im out before the start of the next tax year
Australians are the quintessential product of the stamford prison experiment 2.0 / stockholm syndrome with tall poppy syndrome due to inheriting island bubble mentality! They love to shoot anyone wanting to better their lives or who are on a trajectory to success.
ATO is like the Mafia..... No joke. When Au goes cashless, look out. Time to leave Australia.
I was born here and I want to get out coz of dan andrews. The government here is in your face in every single aspect of your life. It's mental
I’m in Melbourne Victoria Australia too. Dan Andrews has destroyed our city and I’m looking at alternatives. We have literally gone from being the best place to live to one of the worst in the western world and it’s getting worse!!!
Dan Andrews is a corrupt PEDO & needs to be locked up!
Country Victoria is much better, still same rules but my harder to police and growing career opportunities.
Melbourne really peaked in 2019 unfortunately and it's sad to walk around Melbourne CBD now.
He really is Vermin
Victoria is like the California of Aus. Definately better states you can go to
Australia has been a very heavy handed and heavily taxed draconian country for a very long time.
Haha we are taxed very slightly more than the US. But we have the benefit of not dying because w can't afford healthcare and no-one gets shot
Perhaps it's original purpose? Did our ancestors get scammed? Yes I think so
Can’t agree with that.
You should try Canada if you think Australia is tough on its border security and immigration rules.
Yet the people here keep voting for more rules. The government is the product of the people. Australia is ruled by Karen's
Ive lived in australia for the past 15 years and i can back everything michael is saying. Nanny state, highly controlled. Very weird to be there during the hight of covid....
I'm a born & bred Australian & had the chance to stay in the UK when I was young, I am so sorry I didn't take the opportunity. For a long time now the really rich Chinese have been putting our housing prices through the roof for years & getting away with huge tax advoidence. Australia is extremely racist towards the UK & European nationalities that got this nation off the ground. Asians, Africans & Arabs can walk through our door but if your European or from the UK it's expensive too vertically impossible. So is the Australian government racist towards the white European offspring of our founding fathers yes. Our government is also trying to change our constitution without telling us how & what changes will be made. They are doing what Canada is doing & trying to take away a lot of our rights to information on social media & mainstream news so we will be limited to what we can view. Anything classed as misinformation will be removed & banned, the only ones exempt from these new laws will be of course the state & federal governments they can of course dish out anything whether it's true or not. Australia & Canada were the two twin nations in the world that were considered the best to live in. People used to dream of being born into these two cultures. Unfortunately we have stood back for too long & just letting them take our rights, we don't even celebrate Christmas like we used to in case we offend another religion even though it is them coming to our culture & not the opposite way around. Our ancestors fort & died for our freedom now we are left wondering why. Every piece of land with any value is being handed back to the aboriginals that just leave it to sit & rot or lease it back to us for ridiculous amounts of money. They continue to blame past history for their on going problems & will take no responsibility for their own lives & mistakes. Apparently putting money in their pockets that they spend on drink will fix their drinking problems & when we give them free or cheap housing & destroy it we should fix it, the whites have the the same problems but apparently we only have ourselves to blame & ourselves to fix it Yes what a great place Australia was once but no longer. But take note people Australia & Canada are trial nations for the introduction of the world Government so don't run to far because other nations are closely following behind. You see, if you don't know where to look you only see the faults in other nations while your governments are busy hiding your faults from you.🇦🇺🐨😢😡
🔥🔥🔥🔥
So well said, NZ going there faster 😢
Thank you for your imput here I have thought about this for a while now myself, well said.
💯 % on point 👍 have you seen the map of Australia that shows land owned by China... it's not good.
Listening voice of indigenous!
Not 1770!
The ato owed me $30,000. Because of a mistake they made. I had to pay a tax lawyer to prove them wrong and it took me 2 years to get it back. An apology was not even considered. They are a law to themselves. Karma isn't a bitch. It's an employee of the ATO !!! Great video. Balanced and fair. And also 100% true .
They did the same thing to me, stole $23,000 from me
How did you find out they took money from you? How does that even haopen
Problems? Where to live in the world that you will feel at home. Wherever you go, you take yourself and the way you think. As a man thinks in his heart, so is he! You are not your past, nor anyone else's. If you misidentify with beliefs and concepts, they will keep you bound. Freedom and so-called happiness are not something that you seek, they are what you already are. Conditioning by the systems of the world is what entrap you. Know Self, forget about every-thing else. Peace.
Our quality of life is quickly going down the toilet. Cost of living and housing are through the roof.
Homelessness in the full time employed and working families is rampant and rising.
It’s farked! I have a few friends who are homeless, work full time were good tenants living in the same house for years then owner decided to sell up, left them high and dry, can’t find a rental so forced to move in with friends. I mean yeah technically not homeless in the sense of not living under a bridge but when you are living in one room full of your unopened boxes and no shed or yard space to do what you need to do for work is hardly having a home. Also iv seen doctors living permanently in caravans in parks because there’s no suitable housing. The world has gone mad. They taught us in school if you work hard enough you can get whatever you want, but the harder you work the more they tax you. Better off being poor and getting hand outs.
I was on $250k in Sydney for the largest bank. About mid last year 2023 after 5 years of flawless rental at $2,600 pm was issued a termination of tenancy. Completely legal in NSW without reason. I applied for numerous properties at $4,000 pm but was rejected without explanation. I eventually went through the process of paying f9r AirBNB for 6 months. Then in January this year I quit my job and now live in Cambodia with a better standard of living for around $1,000 pm
Think of all the revolutions throughout Irish history. In the 19th century many Irish men, women and children were exiled from Ireland to the US and Australia. Many orphans from the famine as well. Australia was an open-air prison. It still is....
It's truely devastating the taxes, price of food & the way Australia is going downhill in a hurry. Both major parties are as bad as each other
For Australia’s sake vote one nation.
Australia peaked in 2000...
We became a destination after the Olympics and started moving from low to high density living mostly from China and India.
These communities operate "cash" economies avoiding tax....
Yes and the Chinese can afford a $15m house on the Northern beaches, the rest of us are crippled by tax
Australia is ruined by our government. Love the country, but I’d much rather live elsewhere and know I can afford to live.
Thanks for the info but just saying I'm not OCD but who built the stairs in the place you did this video? There's some major gaps that don't look like expansion joint's? Anyway thanks for the update been milked since I started working 😅
These new changes seem to be in a holding pattern for the past 2 years with no movement at all. I highly doubt they'd get passed through in their current form, my prediction is that they'll change the 45 days to 60 or 90 days.
We've still got it better than the US though, at least our taxation isn't based on citizenship...yet.
Word is that citizenship based taxation is on Australia's agenda.
ATO, is NOT an "Australian Government" department. Its a private agency. THAT has been disclosed in High Court cases. You can make your own conclusions about WHAT ATO is and WHO owns ATO.
Who owns it?
The ROTHCHILDES of course...
That’s it keep telling people not to come to Australia the last thing we need is more people .
After seeing how they handled the "pandemic"; I can't imagine why they haven't gutted their government. It looked like an authoritarian police state. It's. a shame as it is a beautiful and interesting country.
The govt flew in foreign cops as part of the "Strong Cities" program (these were the ones in riot gear only identifiable by a black number on red patch who also used armoured vehicles against unarmed citizens). The govt has a monopoly on violence and when it suits them they ignore the laws as nothing can be done against them for doing so.
Also note that under Dictator Dan's omnibus bill, the definition of "detained" has been changed permanently to remove being "charged" or "sentenced", thus allowing someone to be permanently detained without any charge or sentence - i.e. a political prisoner, without any right of appeal. The same omnibus bill also changed the law to permit anyone to be "detained" for "public health & safety" purposes without charge or sentence. This means the govt can cart you away for any reason they like. The same omnibus bill changed the law to also permit the govt to force anyone to undergo any medical procedure they deem is required for "public health & safety". His "permanent powers" bill changed the law to let him declare a state of emergency if he felt there was or could be an emergency of any type anywhere in the world, and that the emergency period would be indefinite subject to him confirming to himself and his cronies every month that there was an emergency. How long until he uses "climate" as the excuse to lock everyone down?
Many in Australia believe the elections (not all but key electorates) are rigged - the seat of Mulgrave (Dictator Dan's seat) had a clear win for the independent but because a letter from the VEC (Victorian Electoral Commission) instructed vote counters to only care about "Labor & Liberal" votes (which of the two was the higher preference over the other), the Dictator won. When the independent tried to get a recount he was told "there's no need, the correct person won".
Combine this with the fact that there was election rigging (electoral fraud) by means of the existence of fraudulent parties "Sack Dan Andrews Party" - fraud because this party was the opposite of what it claimed to be and also because it was 100% funded and run by another party (Labor). What did the VEC do? Absolutely nothing because they're 100% crooked and run by Dictator Dan and one of his ministers.
The reality of elections is "selected, not elected", and no it has nothing to do with the stupid preference system as shown by the commission only caring about two-candidate preferred. Also there is footage from the NSW election going around the internet where an electoral official puts boxes of votes in a private vehicle and says that they're rigging the election.
Oh and FYI, only the govt is supposed to make laws according to the Constitution yet "National Cabinet" which was created during the plandemic has 100% usurped the Federal Government as the Prime Minister lets National Cabinet exclusively make laws. There is no legitimate govt as long as National Cabinet exists.
@@matthewnirenberg well put. Excellent summation.
@@matthewnirenberg Galatians 6:7
The government has no choice. They have lost our sovereignty to the WEF and WHO
Spot on
You’re not wrong 😅 there was a petition to increase to 90 days..
Hi Michael. Would you know about irrevocable trusts and whether or not using one set up in the states while living in Australia would be problematic?
Probably best to reach out and discuss all the details surrounding your specific situation
Australia tax period is June-July which is winter here not summer
yeah the ATO are crooks. I would rather deal with the mafia
Go then. You'll be back.
I remember when I was in school, I thought about going to Australia - now I am convinced it is one of the most awful places a person could live; they really showed their @ss during COVID, and this information about their taxing authorities is gas on that fire.
If you like the outdoors it's a very pleasant large open air prison. If you are literate and rational, it is not a place to be. Australian born.
I am Australian and I have lived in the USA as well, we have our faults but still good place to live.
@@barryetherton4889 the ATO firmly believe this and tax you accordingly
Then just demand to be taxed according to your IQ.
@@doodlegassum6959 despite higher taxes, Australia has the third highest wealth per capita of all countries in the world. The US for example is trailing behind just about all of the developed world in that statistic. So the average Australian may be taxed more than the average American, but they end out with more money than the average American anyway
I left years ago. Australia has changed it is not the country I grew up in and loved. Over bearing government, high taxation but worst of all is the politicians allowing in low class people with beliefs that are inconsistent with the good old Aussie spirit. The Buddhists and Hindus seem to get along with the Christians and Jews...but not the lot from Sandland. I chose Thailand. I like the hot weather and the folks here are easy going. I will die here.
I'm the same as you, now live a better standard of living in Cambodia on $1,000 USD per month
I remember dealing with the ATO when they believed Apple was a Windows program, they are not the sharpest tools in the shed. A good accountant is worth they weight in tax refunds. Penal colony mentality never died, it’s aspirational for many politicians.
Fuel prices are also expected that will increase the price for fuel and the cost for fuel in general for fuel consumption and the cost to consumers and the environment for consumers.
Could you explain why you suggest a tax treaty country. What happens if you move from Australia to a pure tax haven?
I guess pretty much all of our Prime Ministers could answer this question as all the mongrels seem to be good at hording their money over seas (ie. The Panamar Papers).
Love to hear more on this too. Why a tax treaty country?
I guess the idea is that a tax treaty country offers some definite limits on taxation.
Governments do not like it if you move to a another country that does not have personal income tax. If you are moving to a country that has a tax treaty with the country you are currently a tax resident of, they are more comfortable with the fact that you are at least paying tax somewhere else. Also some countries only allow you to move to another country that is on their approved list of countries. You will continue to pay tax likely for three years to your old tax residency country. After three years, you can relocate to a tax neutral jurisdiction if you wish. Norway and Mexico are two examples of this. Parasitical tax law in my opinion.
Hey Michael, I'm the Aussie guy who phoned you a week or so ago. Just curious as to where you got the information that they're pushing this legislation through. I like to stay on top of this, and I've seen nothing that indicates it's one of the current Government's priorities. The upcoming budget next week may change this though!
Sounds like he might know more than you though
@@nicholousyork7987 Are you really saying that this guy knows more about the Australian Political environment and what a government is going to do because he's on TH-cam. Have you got his background and qualifications or how long he's been working in his so called profession. I take everything on TH-cam with a big pinch of salt and not believe everything you hear.
Yeah there's another offshore channel with a guy saying this exact thing won't happen
Go see a registered Australian tax agent mate. I've been working in Aussie tax for 23 years, and this guy is unremarkable, and unknown, in the industry
Even though the rules if you are a resident or not are clear what they consider income and capital gain is not clear at all and subject to their own interpretation so even a non resident status won t save you from them
So essentially what your saying is that you want all the benifits of a social safety net and universal health care that provides low cost support to everyone including you but you don't want to pay for it.. you just want everyone else to pay for it
Health care in Australia is absolute garbage
Doctors quality leaves much to be desired, and even dangerous, lots and lots of negligence cases.
I know, been here for 18 years, and GPs are what I call government reporters, instead of looking at you when you describe symptoms, they keep typing on the computer as you talk. They follow step by step guidelines given by the all mighty government. These are no doctors.
Who said anything about wanting anything? Leaving takes you away from the Australian "safety net"
Then please hurry and leave you tax dodger
The Australia we have today... is not the same Australia we had in the year 2000. Let that sink in.
Oh yeah great I remember paying "provisional" tax back in the late 80's at the age of 16 because I had a couple of thousand in the bank and a small term deposit.
Good times.
Child taxing is SLAVE LABOUR. Younger than 18 y.o.a. cannot vote: therefore > taxation without representation = SLAVE LABOUR. exhibit A)
I also believe we currently have a government that is sneakily trying to follow Canada model in every way. The ATO here has extraordinary powers as do other federal departments that are primarily tasked with enforcement.
The ATO is not that bright, they chased a friend of mine years ago for over two years with same investigator. My mate was in a cash business and the same guy followed him around to four different locations over two year period. This guy pretended to be a half wit, telling my friend his father had the same business years ago. Asking him thousands of questions. One night my friend was moved to a different location, just around the corner just sitting in the dark and he watched this ATO guy walking from another business owner. They locked eyes and the ATO guy the word F#ck. He knew his cover was blown but the funny thing is why my mate knew over two years earlier and warned other business owners, who he was. But other owners of businesses did cash jobs. The worst thing about the ATO is even if you are right and you take them to court and spend hundreds of thousands of dollars, they can back date kaw changes so they win. An accountant told me just pay them what they want. There was a well-known criminal and Melbourne they were chasing for money and he met them in a restaurant open a suitcase with I don't know know how many hundreds of thousands of dollars and he said this is all you getting. They took it and close the case against him.
Another case of brainless govt goons just following orders.
ATO is not so bad compared to the IRS, prison sentences are a lot longer in the USA
I think the ATO are pissed off because 50 thousand Aussies claimed fake GST refunds, averaging arond $30,000 each refund. Over billions of dollars were refunded. 🤪
I am Australian and you are right we are under attack here financially, we are such a nanny state and are taxed big time, I would love to leave and go somewhere it’s not so draconian and the laws are not so strict….as a business owner we get slammed with business tax, BAS then income tax - it sucks
Can't you open a trust and claim business expenses on many things? I don't think it's that bleak if you are clever following the rule of law to your benefit. Maybe do more research
Spot on
Want the benefits but don't want to pay for it - how unusual.
We want to use the health services, public transport, roads, airports, etc...
Why should we be required to chip in for the infrastructure we use?
People don't want to fund the bank accounts of criminal politicians and their families and friends, nor have the bastards just squander, the stollen "tax" money, on frivolous expenses, get a fucking brain.
@@davidnorton7464 who pays then? Do you think the money comes from a magical money tree?
He's talking about people who left Australia already. If you leave then you're not using the infrastructure, not getting the benefits!
The ATO are a-holes. Never mess with them. They will destroy you
You have no reason to worry about the ATO if you aren't a tax cheap bludging on the rest of us. So what are you so stressed about big fella?
They are a criminal organisation.
@@brettteague3464Are you happy funding a crime syndicate, sounds like it?
and the CSA is very corrupt to, any appeal will only cost you more and the caring parent will get their family benefit reduced if they refuse CSA intervention. The government thinks the people are their servants.
CSA is its offspring
People need to stand up & save our country
That’s not true at all
The bright line is ….
183-day test
You will be a resident under this test if you're actually present in Australia for more than half the income year, whether continuously or with breaks. unless it is established that your 'usual place of abode' is outside Australia and you have no intention of taking up residence here.
It's not paying taxes that is really the problem, it's what the taxes get unlawfully spent on which opens up a ghastly can of worms.
I lived in Australia late 80's very early 90's, their tax rates are high. The ATO is a nightmare, they are like debt collectors, from what i heard locally. I have never been back only in Sydney for 2 days about 15 years ago. I would never live there for tax reasons. Earning and paying high taxes was not my cup of tea.
They just blanket banned vaping as well when other countries like the UK are using it to decrease smoking numbers. i'm in the process of getting a 190 visa and I really don't know if it's a good idea now..
Read my comment above. Avoid the place like the plague
Video is right don’t mess with the Ato I’m Australian and they’re scary but they banned vaping but not from chemists cause let’s be honest vaping was made to stop smokers and I’m sure it helped some but it’s a two way bridge lots of people I know started smoking bc of vaping
I moved here from another country 10 years ago. Whilst we have made a good living and live very well by world standards, the treatment of people during the "pandemic" was criminal and the authoritarianism with which the government rule over people who mostly do whatever they say is cause for concern. Seems the people have forgotten that the government is supposed to work for them...not the other way round.
My goodness - it’s not a blanket ban on vapes. You talk rubbish
@@parasportz that’s not exclusively an Australian problem. Look at most countries response to covid and you’ll see the trust is gone.
The birth certificate is a promissory note just like bank notes.
The goal of a retirement plan is to accumulate enough savings to maintain a desired standard of living during retirement, covering expenses such as housing, healthcare, and leisure activities, without relying solely on Social Security benefits or other forms of income. I'm lucky to have heed to Advice of my FA.
As an Australian the pandemic was nothing, wore a mask, bough some food one at a time was handed 1270$ every two weeks by the government, best holiday ever, less people died here than almost any other large nation in the world, we still had freedom of going out side no one forsed us to be vaccinated ( i never did, im healthy so i don't need it ) why would i EVER want to leave the BEST country in the world.
There are much better alternatives than "fleeing" your home country because of taxation. For example, having your assets controlled by offshore trusts in the right jurisdictions - a lot more comfort, freedom, and probably less cost overall
Good explanation however as an Australian tax agent specialising in tax residency, I don't believe this will be pushed through. That being said, lets wait and see. There's a federal budget release soon so we may get info on this in a few days.
Here are my thoughts as to why I don't believe these rules will take affect
1) the rules were handed down by the Board of Taxation to the Federal government in 2019, the world is quite a different place since then
2) they were proposed by previous Liberal government whereas the current Labour government have made it their aim on the international tax front to focus on large multinationals. Seems the focus has shifted to them in line with the OECDs focus.
3) it has yet to be announced or even mentioned in a Federal budget since it was originally announced in the 2020/21 budget. We've had 2 (and a budget reshuffle) more Budgets since then
4) there were multiple petitions sent out against these rules so the government knows its not an easy sell
5) the proposed rules are ridiculous!
That all being said, Australian non-residents are an easy target in a time where the government is trying to drive up tax revenue as much as possible. We have at least another 12 months before another budget is announced so till then you have to the current residency rules to follow.
Where are you going if you haven't take the " hot sauce" shot?
The ATO is an illegal entity it was never Proclaimed or Gazette, there are court transcripts where the ATO even admits if, so alot of us know the ACT is foreign occupied by the deepstate US and the grubberment is a registered corporation. If you had half a brain you would have worked this our and truthfully the ATO is only a subsidiary of the IRS which is an illegal entity too. Now the IRS states that labour tax is voluntary which is the same for the ATO, the is even an international slavery law stating that taxing ones labour it slavery and not aloud, just that people are to ignorant to do some simple research to find all this info. So I say to you stop paying your taxes and the corporate treasonous grubberments will fold and the people can rebuild. So WAKE up men and women and stop being ignorant, every country makes enough tax from taxing goods of sale.
I hope this doesn't apply with tourist visa?
Hello Michael. I love all your videos especially the ones on Dubai property market as I currently live here. However, I am also an Australian.
We have done our own tax returns since arriving here. Accumulating a tax loss as we have negatively geared investment properties back home (is that even a thing in Dubai :)). But we also, we have some money to send home to pay off such loans. Is this something your company deals with?
We don't charge enough tax.
Great analysis Michael! It underscores the necessity of getting professional advice, just as you provide. The other point I did not hear ( I probably missed it) is that if you are unfortunate to be charged with tax offences in terms of the relevant Acts, the onus of proof is on you. Or to put it another way, innocence is not presumed: but guilt is, therefore a complete reversal of the golden thread that runs through the justice system. My own opinion is that it will not be long before Australia introduces universal global tax for all citizens and permanent residents, much as the USA currently does.
They just introduced international tax
Are they they still keeping the ill-defined "domicile test"?
What's that?
Really useful. Thank you 👍
I don’t know I’ve never dealt with the ATO before. I got plenty of experience with the IRS, the running my e-commerce business. I find myself calling them all kinds of colorful obscenities once I finally hang up.
I moved to Japan and after 3 years of extremely low income Im heading back to Aus.. even after tax and huge rental your still getting ok wages and some family support.. in Japan you get NOTHING. things aren't that much cheaper (mest is twice price of aus) but wages here are less than what a 13 year old gets at Maccas..alot of people in debt here just si they can have there iPhone and latest Black Toyota Van..there all like sheep here....
I have just left London as it is dirty . Sadiq Khan (mayor) has made all London into 20 mph zone. Cameras everywhere. London is now a Muslim city. I have moved to Toowoomba with a bit of capital and now v frightened what ATO might do to me.
The ATO really do tax us into oblivion. The problem is there is 26 million of us of which 13.8 million are tax payers. These 13.8 million have to support a health system, services, security, social security, the government and infrastructure for an entire continent. It’s crap but at the same time there are benefits and safety nets. The ATO are aggressive but it’s a culture it has its hard times and easier times.
and 500k new people coming to compete with you:)
Micheal, thanks for your video.
A question I have is, the Australian Means Testing that was brought in for the Pension, was there a line drawn in the sand, so if you were already on the Pension you were immune to any further legislation, or was it introduced retrospectively to include all Pensioners, including those already collecting the pension? Thanks.
This is very true unfortunately- ATO are tough and you need ALL your paperwork in order and to meet as many of the requirements as possible to protect yourself
They tried with Paul hogan and fail.and several others it depends on how much you want to spend to defend yourself
Just to be fair the ATO do not have armed debt collectors.
I mean they'll throw you in prison and this is enforced by the threat of physical violence but hey...
Hey mate, I’m doing amazing in Australia❤ I love paying taxes here Australia’s healthcare system is the best and has amazing Drs and Nurses compared to where I was born. It’s not just the healthcare system there are so many good things about Australia. At the moment what I don't like is the high price of owning a house which is happening all around the world. “I’m talking about comfortable house and their standard houses”
Dr.Patel escaped
Too much crime in Australia atm
@@fair98fair yea you'll be arrested defending yourself in your own home, we protect our precious criminals here
@@fair98fair like, everywhere?
@@cosmo588 like all the countries run by leftist governments, slack on law & order
Misleading information- it’s regulated because it must be . Identify one regulation and explain why it should be cancelled?
North America and Europeans invest in Australia for the primary reason that it is deregulated and too easy to rip off the consumer (cartels , duopolies etc who abuse market power )
But, do they have vegemite in Mexico?
Having had a debt to the ATO before, i can tell you that it is not as bad as you might think. It is only a problem if you are trying to avoid paying tax.
The reality is that Australia is actually advanced enough that they have systems to make sure things are done properly and in the correct order. Compared to other countries who are really poor at tracking and enacting laws properly.
basically, you are complaining because the government is doing their job properly... oh no! A government doing as they should, disaster.
Dumb sheeple..
I tried really hard to like Australia by spending 2 months this winter, but I really don't understand the interest of living when you can live anywhere around the world and have a way better culture and architecture to appreciate.
Well you can earn AUD$200K driving a truck! 🥳 Oz isn't perfect but it is better than most places if you have to earn a living.
Yep, and you'll give 40% of that to the government. Great deal.
Plus your house will cost you over a million $ if you are lucky. Unless you move out into the middle of nowhere and commute for 3-4 hours a day and the roads are 💩. Awesome deal.
You don’t like a country? How is that even possible to not like an entire country?
I agree. I love culture and architecture and I didn't find Australia great for that. I also missed really good museums there
So which countries have great governments that care about their citizens? I'd imagine they're mostly all the same in different ways
My opinion is if you’re warning the money to owe the tax then pay it. Don’t want to pay it? Go elsewhere and take your money with you. There is already a mob of big business here that dodge the tax system.
Canada ain't lookin' so bad... 4% on my 1MM portfolio for '22
How do you get that?
I was born here and I live here and I can tell you all the price of living is through the roof when a packet of cigarettes cost $50. The price of houses has jumped up to $1 million. We are probably the most taxed country in the world, the living cost is a joke and the government seem to always give themselves pay rises or not caring for the people who live here .
foreign investment in our housing market is a disgrace pushing home prices and even rent through the roof on average $700 a week for rent .
Food prices are way through the roof as well being your mate even your every day needs a bottle of milk close to 5 dollars .
Jesus christ all this tax bullshit. I think at that point it's just best to live out in the bushes and greet them with an arrow in case to dare to go find you.
I hope Canada doesn't follow suit with the 45 days.
ATO will come after you with big numbers if you work hard and earn more money.
But there are so many benefits for people who can go through tax loopholes, usually they are in Favour for students and work visa holders and doggy business enterprises or investors.
For this reason, many citizens shift into much relaxed and lesser work hours options to avoid ATO.
Do you have client and tax solution for indonesian citizen?
Of course. Feel free to reach out and we'll be happy to assist
Panama: no tax on income earned outside Panama and warm weather 365 days a year!
Cheers!
Its not law yet as it does not have bipartisan support in the parliament, they have been talking about this for years and its unlikely to go ahead as the country is struggling to attract skilled immigration and this is one of its core goals to improve productivity.
Australia used to be a great place, cost of living was so ,low, wages were good, houses were cheap compared to wages. The country is now completely broken.
I payed 25k income tax in Australia
And 22k went to welfare payments...,,,f,,,
Yep. They have so many on welfare, they try to hide the real number but you can see them everywhere during the week
June is winter not summer in the Southern Hemisphere.
Rules or laws?
Who were these rules made by the lawful the Parliament of the Commonwealth of Australia or AUSTRALIAN PARLIAMENT corporation a foreign power registered in Washington DC?
If tax is a contribution is it voluntary or compulsory ?
Are you the PERSON that is MANDATED to make CONTRIBUTIONS.
NO parliament can make laws the ultimate power is with the people and once a new law is put to the people by referendum it must be given royal accent.
As Chief justice Latham said Laws made in the excess of power is not and never shall be a law and every citizen has the right to disregard them.
It started as penal colony and it ends up as one. The last five years demonstrated that clearly.
I love your content. Hoping to touch base soon. What are your thoughts on Uruguay?