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Originally posted by Webby
Hi Groove! Something! I don't know the tax laws where you are, but.. as a guide. Example! If you are remain resident within your country of citizenship, it is usually the case that any funds you bring into your country, - you are "obliged" to pay taxes on.
I know this is the case in both Canada and UK.
The method is.. well .. free for you to choose, ie. an offshore can engage you in "meaningful employment" *s* and you can send em a bill and they pay you. This is all declared to the tax authorities in you country of citizenship.
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To avoid Australian company tax it's necessary to use nominee shareholders and directors so that you are not in "control" of the company. And yes -- any money paid to an Australian resident is subject to Australian income tax.
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To be "really" offshore, (and pay not one dime) you would have to live out of your country for more than X months a year. In this instance, you pay no taxes in either the offshore or your country of citizenship.
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Yep
