Robbo Posted January 19, 2016 Share Posted January 19, 2016 Look out there after owners of planes http://www.smh.com.au/business/tax-office-trawls-for-owners-of-boats-planes-horses-20160119-gm8v1w.html Link to comment Share on other sites More sharing options...
kaz3g Posted January 19, 2016 Share Posted January 19, 2016 It's alright mate...they are only looking for wealthy people. Owning a small aeroplane is the first step to insolvency! Kaz Link to comment Share on other sites More sharing options...
frank marriott Posted January 19, 2016 Share Posted January 19, 2016 "The Tax Office defines "wealthy individuals" those who, together with their business associates, control net wealth of $5 million or more" I don't think it will apply to most RAA type owners. I don't know about those wealthy Auster owners!!! Link to comment Share on other sites More sharing options...
Bruce Posted January 23, 2016 Share Posted January 23, 2016 I don't understand how all the lost manufacturing jobs can so easily be replaced with government jobs. Where does the tax come from to pay for this? Or is it ok to just print the money? Why not? Yes I know the government workers themselves pay tax, but this can't help that much. So how does it work? Maybe we should all work for CASA ? Link to comment Share on other sites More sharing options...
bexrbetter Posted February 16, 2016 Share Posted February 16, 2016 Oh let me tell you about the Aus Tax dept. Lived in China for 10 years, get a tax fine and threats late last year for not paying tax for 3 years - my Oz Accountant puts in a zero earnings (whatever it is for living overseas) every year, the effort it took to get them to cancel it, including threat for me to be taken to Court, was effin frustrating and even then when they finally cancelled it, it was written in a condescending "We're doing you a favour, you're lucky this time" type wording, that really got up my goat, azzhools. I was pretty fortunate IMO to get a really great guy late in the proceedings who actually cared in Tasmania and I believe he made effort to see it through to conclusion. ... but I won't be surprised if I see another one in the next few years ... Link to comment Share on other sites More sharing options...
Bruce Posted February 16, 2016 Share Posted February 16, 2016 I reckon those tax men hatch their plots in blood-stained dungeons. There are 2 ways to take somebody's money: you can do something nice for them, like sell them an engine. Or you can do nothing nice, but if they don't pay then they will be disposessed and brutally incarcerated. The first group of people give us civilization. The tax men belong to the second lot. Link to comment Share on other sites More sharing options...
Gnarly Gnu Posted February 16, 2016 Share Posted February 16, 2016 The Aus tax office are quite good overall in comparison to the IRS in the USA which has become a strong arm extension of government - quite literally auditing and financially obstructing your political enemies. Link to comment Share on other sites More sharing options...
Bruce Posted February 16, 2016 Share Posted February 16, 2016 That's shocking Gnarly. Link to comment Share on other sites More sharing options...
bexrbetter Posted February 17, 2016 Share Posted February 17, 2016 The Aus tax office are quite good overall in comparison to the IRS in the USA which has become a strong arm extension of government - quite literally auditing and financially obstructing your political enemies. It's amazing that they chase up Americans living overseas and working, for taxes on their wages earn't in that country. They literally have to pay tax twice, once in the country of earnings and then to the IRS, and on the original gross wage. Link to comment Share on other sites More sharing options...
bexrbetter Posted February 17, 2016 Share Posted February 17, 2016 The Aus tax office are quite good overall in comparison to the IRS in the USA which has become a strong arm extension of government - quite literally auditing and financially obstructing your political enemies. It's amazing that they chase up Americans living overseas and working, for taxes on their wages earn't in that country. They literally have to pay tax twice, once in the country of earnings and then to the IRS, and on the original gross wage. Link to comment Share on other sites More sharing options...
Bruce Posted March 24, 2016 Share Posted March 24, 2016 Bex, if you ever come back to Australia, be very careful. They will try to rob you and worse. You would think that overseas earnings would be treated differently on account of how you did not use any Australian infrastructure.... wrong. They are a truly wicked lot, only surpassed by the US Inland Revenue. Link to comment Share on other sites More sharing options...
dutchroll Posted March 24, 2016 Share Posted March 24, 2016 It's amazing that they chase up Americans living overseas and working, for taxes on their wages earn't in that country. They literally have to pay tax twice, once in the country of earnings and then to the IRS, and on the original gross wage. Be warned! The ATO do that too. My wife had to be very careful when she worked in the USA for a year in a surgical fellowship. The USA and Australia however have a "double taxation agreement". In other words if you're an American working in Australia, or an Australian working in the US, you can't be made to pay tax twice. However this only applies to what you would've been taxed on your earnings in your home country. Which works great for Americans working here with their low tax rates back home. Not so good for our Australian 40 something cents in the dollar tax rates! This means an Australian working in the USA could be made to pay "top-up tax" when they return. So it is entirely dependant on how long you are working in that country (ie, where is your primary place of residence, and that is arbitrarily defined by the tax office) and whether we have a double taxation agreement with them. Moral of story: before you take a temporary job overseas with a plan to return to Australia, consult a good accountant and know what you're in for! Link to comment Share on other sites More sharing options...
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