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Australia will tax residents for offshore assets. Most countries don't. Of course, it's easier to cheat (as the banks overseas may not co-operate), but that mig
by wisty 15y ago
Australia will tax residents for offshore assets. Most countries don't. Of course, it's easier to cheat (as the banks overseas may not co-operate), but that might change with more international co-operation.
- bobds 15y agoI remember reading a story about a wealthy Australian that went to court regarding his offshore assets. The assets were under a trust that locked him out of making any decisions, automatically triggered when he became a defendant in such a court case.
- wisty 15y agoTrust structures in Australia are a big loophole, that's true.
- liquidityprov 15y agoSounds like Kerry Fucking Packer, the goanna.