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swami · 02-13-2005, 12:35 AM

Hi Slapass,
In 2 weeks I will be living in Vanuatu http://www.mapsouthpacific.com/pacific/index.html
One of the reasons is because Vanuatu does not having any taxes other than customs duties and stamp duty and Vanuatu has not entered into any Double Tax treaties with other countries.

They have a "Mutual Assistance in Criminal Matters Act" which contains a procedure for co-operation with foreign investigators, and the "Serious Offences (Confiscation of Proceeds) Act" has anti-money-laundering provisions which could encompass fiscal crime but other than that tax evasion is not a crime in Vanuatu, since there are no tax laws, and the Vanuatu authorities are unlikely to assist an investigation into a tax matter.

Because I am Australian, for me to avoid paying tax on money I have earnt overseas I need to cut my ties with Australia and have no residences there nor dependents still living in Australia.I think this is probably similar to US law.

I love my lifestyle in Oz but the minimun tax I can get away with is 30%. Thats a big incentive for me to move but not reason enough if it was the only one.
Our deciding factor is that my wife is melanesian and it gives me and the kids an opportunity to experience the melanesian lifestyle.
Cheers.

02-13-2005, 12:35 AM
swami Confirmed User Join Date: Aug 2003 Location: vanuatu Posts: 1,989	Hi Slapass, In 2 weeks I will be living in Vanuatu http://www.mapsouthpacific.com/pacific/index.html One of the reasons is because Vanuatu does not having any taxes other than customs duties and stamp duty and Vanuatu has not entered into any Double Tax treaties with other countries. They have a "Mutual Assistance in Criminal Matters Act" which contains a procedure for co-operation with foreign investigators, and the "Serious Offences (Confiscation of Proceeds) Act" has anti-money-laundering provisions which could encompass fiscal crime but other than that tax evasion is not a crime in Vanuatu, since there are no tax laws, and the Vanuatu authorities are unlikely to assist an investigation into a tax matter. Because I am Australian, for me to avoid paying tax on money I have earnt overseas I need to cut my ties with Australia and have no residences there nor dependents still living in Australia.I think this is probably similar to US law. I love my lifestyle in Oz but the minimun tax I can get away with is 30%. Thats a big incentive for me to move but not reason enough if it was the only one. Our deciding factor is that my wife is melanesian and it gives me and the kids an opportunity to experience the melanesian lifestyle. Cheers.