There is nothing foolish about incorporating in Australia given we have franking credits so that taxes paid by the company are passed down to the individual. W

There is nothing foolish about incorporating in Australia given we have franking credits so that taxes paid by the company are passed down to the individual. While I have no great love of the ATO, it is a million times better than the IRS. Of course you can appeal a tax ruling in Australia. If you have done something that is an open-and-shut case of tax avoidance then this might not help much.