That's what I try to say.
If you have no ties to Australia, then move away from there and only come back for vacations or however you can manage so you won't be liable for taxes there. There are many options available to you, and that's why this forum exists—to highlight the many possibilities...
Coinbase is a joke, if you Google "Coinbase verification loop," you'll find a sea of posts up to 3 years old, all with the same problem everyone is having right now in 2024 - Their stuff just doesn't work. They're so big that they don't find it necessary to fix the error but let hundreds of...
As long as you live in Australia you have to pay taxes there! Otherwise you are entering into a shady company setup where you may slip through the Australian tax office for now but later they will come after you.
Just because I got curious, I've put $10,000 into Pax Gold. Now let's see if it grows or vanishes.
By the way, a really good and interesting topic. Buying gold with crypto without having to physically store it.
Anonymous Banking is over, has been since 5 years. You need to think different today with different setup to avoid too much reporting. However, it is advisable to avoid to try to hide from the tax stasis - go for tax reduction plans. Good planning can help you reduce taxes dramatically.
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