Скачать с ютуб How to Pay Less Tax as an Australian?🇦🇺🇦🇺🇦🇺 (International Tax Planning) в хорошем качестве

How to Pay Less Tax as an Australian?🇦🇺🇦🇺🇦🇺 (International Tax Planning)

Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: https://calendly.com/michael-rosmer?m... You can visit our websites for more information about us: https://offshorecitizen.net & https://www.offshorecapitalist.com Today we are going to dive into a topic that has been requested a few times - How to pay less tax as an Australian using international and offshore structures? Can you do offshore tax planning as an Australian? In short, yes you can. However, it might not be as easy as it might seem. Australia has some really complex rules when it comes to taxes. Many around the world fear IRS, the American tax department. Little do they know, the Australian tax department ATO is WAY worse! They are probably the most aggressive tax collectors in the world! You certainly don't want to mess up with these guys. So what can be done so you legally reduce your taxes in Australia? Let's start with corporate residency rules. They are some of the toughest in the world! Even if your company is not registered in Australia it can still be considered a tax resident. If most of your business activities take place in Australia they will consider the company a tax resident. Also, if the shareholders and managers are residents of Australia the same will occur. Management and control rules are something to pay attention to. You couldn't avoid this by simply forming an offshore company abroad - if you want this to work you'd need to have actual substance in an offshore company. What you could do is to form a company in a country that has a tax treaty with Australia, so you could override some rules in your favor. At the same time, it is important that this new foreign company is not considered a tax resident of Australia. Your best bet when it comes to Australian taxes is deferral. You will also need to pay attention to Controlled Foreign Company rules (CFC Rules). What would make a lot of sense is to own a foreign trust, that will own a foreign company. This foreign company will genuinely not be a tax resident of Australia - meaning that there would be NO operations taking place in Australia. You could potentially defer the income as long as you want, and you could reinvest and grow it. But what if you didn't want to deal with all this and just wanted to leave Australia? You need to be aware there's EXIT Tax. All of your assets will have a deemed disposition, except for Australian real estate. You will certainly not have problems leaving Australia, but you could have problems coming back. There was a court case where the person came back to Australia after living abroad for 9 years, and the tax department wanted them to pay the taxes for the entire time they were abroad. Rules are quite vague and ambiguous. New proposed rules are even worse! They proposed that you'll be an Australian tax resident if you spend 45 days in the country! That's draconian. This hasn't passed yet, but we'll see how it goes. The bottom line is that tax department in Australia is no joke! You have to be VERY cautious and plan accordingly. Who are we and what do we do? We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc. We have lots of interesting articles on different topics, we have relevant information up to date. Author: Michael Rosmer Feel free to join our community! Don’t forget to subscribe to our channel    / @offshorecitizen