Recent content by 12point

Thanks all, my conclusion that I will withdraw all my current profits from the current forex brokers(I'm using 3 brokers) and I will clearly pay taxes these profits. Then I will close and remove all my current broker's accounts which I registered and verified with Australian issued Photo...

Right....CRS... so sorry for a lot of questions, What if I am holding a Panama permanent residency as my second residency?? And if I move income to Panama bank account?? Do I still need to pay tax in Australia or in Panama?!

Thank you for your reply! But still curious that how they will know my income in Australia?? As I mentioned, I will directly move all my profits to my offshore bank account which means they cannot track where the money will go ...

Hello, I'm just new here, I am a forex trader and I usually make huge profits but my concern is Capital Gain Tax in Australia. I am currently living in Australia(but I'm not Aussie) and I have a commonwealth bank of Australia account. If I withdraw my profits from the Fx broker account to my...