Recent content by getmeout

That's actually not so bad, especially considering their capital gains tax is more reasonable than Australia for example. A short term trade can inch close to 50% tax here. I can respect a place that outlines it's rules clearly and does not unfairly deviate from them, but also expects you to...

I can imagine they would be quite competent but if you are following the rules is there really an issue? I hear Japan's conviction rate on crimes is in part to the fact they don't really prosecute until they have perfect evidence. Not to say things are always perfect in any system of course but...

Does anyone have any experience with the NTA (Japanese tax authorities)? High taxes aside, the country has a lot of benefits for someone residing there if you like the country and I'm curious what they're actually like to deal with. Are they fair and stick to their own rules or is it more like...

I know it's an old thread, but does anyone have any more info on this in regards to asset protection? For example: Offshore company, Nevis or cook islands trust, UBO is an Australian so you report and pay everything required to Australia...but the assets are untouchable since they're physically...

Australia's pretty bad in terms of the actual laws. Some of them are vague and open ended which leave you at the mercy of the person interpreting it. However you can contest it and if you've done nothing wrong, you're likely to win. What's scary about this is you can be doing nothing wrong but...

Thanks for the help, your post is fantastic. What do you think of the scenario I outlined in the post above? Does that seem realistic as a short term solution? My concern regarding that rule would be if I was to ever take a holiday back to Australia. If my entire life is situated overseas and I...

As a short term solution while I find the place that suits me best for personal tax jurisdiction, would this work in theory from an asset protection perspective? Cook islands or nevis trust which controls an overseas corporation (either the one you described or a singapore/dubai one. Or several...

Interesting idea, would this fall under the provision below though if the UBO and director was my family member (who is an aus tax resident)? If it can't distribute dividends though then would I be correct to assume it can't pay me an income though? Or could it do so via employing me (and then I...

Thanks for your replies, is there something about Nevis that's better than cook islands? I suppose you're right re human rights by the way, I'm just trying to remain optimistic. I don't like the way the world's going but I also don't want to just be one of those people who complains about it...

I know what you mean, this is what attracted me to the idea of the cook islands trust and their duress clauses. I'm only earning money through share trading which is fully audited so there's zero concern on my part about me being in one of those cases like I've read about where people do...

I agree, after reading the "rules" it seems like proof of that is not enough. A quick look through the ATO's website shows a number of vague loopholes they can use to claim you are a tax resident when you're actually not. But in an ideal world it would be. It's almost like I have to prove my...

My concern is number 2. Say a Dubai company is owned by a cook islands trust which is being administered by my family member (who is an Australian tax resident). I live completely overseas and don't do any business in Australia. The company pays it's tax in Dubai or wherever it's incorporated...

Thank you for your help. My concern is the determination for what counts as tax residency can be so vague and open ended. Ideally a certificate from the tax authority in whatever country I choose to reside in should in all fairness be enough proof that I am not a tax resident of Australia. I...

Hello everyone, nice to meet you all. I have been reading here for a while and absorbing information that many of you have posted, I cannot thank you all enough for sharing this info. As the title suggests I am looking to take the leap into the world of offshoring but after reading a number of...