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You're right, the the references to PHR residents being classed as "non residents of Australia for tax purposes" are derived from assertions made by... the PHR.
by xyzzy123 13y ago
You're right, the the references to PHR residents being classed as "non residents of Australia for tax purposes" are derived from assertions made by... the PHR.
On the other hand, it really does seem like the government are happy to leave them alone as long as people don't try to "take the piss" and turn it into wide-scale tax avoidance scheme.
- jacques_chester 13y agoIf it ever spread, I imagine the ATO would crush it like the fist of an angry god. They have enormous powers of investigation, assessment and judgement. Plus it's passed into folk legend. It'd be bad politics to stamp on it. I imagine that they're waiting for the owners to die or sell up and they'll collect their pound of flesh from the estate.