The Australian government banned their citizens from coming home during covid. People were stranded overseas in really difficult situations. One of the reasons I'm happy not to live there anymore, exactly what do my tax dollars get?

I am Australian and our taxes are suffocating every citizen, especially in Victoria where we are bankrupt

Aussie international tax lawyer here. Who knew the tangled mess that is Australian tax residency could be so entertaining!

Currently, Australian wages: If you make 45K its 32% tax. If you make over $120K it's 37% tax. We also have a Goods & Services tax 10%. and the medium house price is $1 Million. Retirement age is 67. It's not worth it.💸.

Im finding it harder and harder to want to stay in Australia

I left Australia years ago because of the ridiculous tax system! As a non resident I am taxed ridiculously high on my assets in Victoria! I just hate it, to the point I can’t afford to pay them. For example land tax on a property was approx $600 this year it was approx $10,000, how that is justified is beyond me! I will sell and suffer the exorbitant capital gains tax and get out so they can’t continue to get me. The Australian tax system is designed for you not to get ahead!

As the owner of a tax agent business, everything this guy says is correct. We can establish whether you are a tax resident or not, but what few of us (and that includes me) can do is give you the whole strategy of becoming a non-resident.

I'm leaving Australia for this reason, Australia is a greedy country, you work all your life, and the government still wants more. Luckily I have a Greek passport and obviously have dual citizenship. BYE, BYE Australia.

As a 7th generation Australian I’m increasingly recognising Australia has become something very different to what my ancestors built.

Australia has a terrible government the harder and more you work the worse you are treated, if you have worked hard 2 jobs and saved money you get punished with more tax. Just wrong

I used to love being Australian, but it's becoming unbearable living here with all these Nanny State laws and this includes taxation laws, it's becoming ridiculous.

What I don't understand is that I pay a high-level of income tax, I have to pay an extra $4000 a year for the public healthcare system, and then there are government fees for literally every single government service I use on TOP of the taxes I pay, and monthly bills for sewage, garbage collection, mail, water, etc etc. What do my taxes go to?

im a malaysian citizen with Australian Permanent Residency....always knew itd be handy to hold onto a ticket back into SOuth east asia....

The laws concerning the taxing of Australian citizens living overseas having been extending to more situations over the years. Twenty years ago Australians who earned income overseas were not subject at all to tax on the overseas income if they were not present in Australia for more than six months of the tax year. In the last twenty years more criteria have been added to the 6 month criteria such as the ownership of property in Australia by somebody who has Australian citizenship now being subject to Australian tax, even if they did not visit Australia at all in the tax year. The rules in Australia are being added to over time such that it eventually will in effect be a taxation system based upon citizenship as is the case for US citizens.

I'm leaving for the country for this reason.

Luckily foreign corporations operating in Australia are able in many cases to evade tax all together.

I agree with you Andrew!! I work in Australia and it's happening

If you live in Victoria, there are a multitude of new taxes coming your way starting with a land tax for investment properties and various levies and fees. Remember they are billions in debt with billions of daily interest.

Anyone who follows your work, appreciates all the insights that you give. Thank you once again for the information. It is appreciated and respected.

Why do people watch if they are not going to listen. I watch take in the info as you are the expert and hope I learn a few things. The animations tonight are worth watching where ever they came from.

I got my taxes done afew months ago, i asked my accountant how to set up a bank account in Europe, he said " I have no idea".

Love the levity, Andrew! You’re a gift to smart, wealthy, freedom loving folks. 🥂

Australia is allowing New Zealanders an easy path to citizenship if they've lived there for four years. This will come with strings attached such as this global tax. Not such an attractive option now.

I recently had the top international tax lawyers from one of the big 5 plus tax lawyers in Singapore give me this exact advice so you are 100 percent correct as my own national accountant did not have the expertise to assist.

Australia really is heading in a bad direction.

So in other words , Australia will not let you become a PT (Perpetual Traveler ) 😮

Australia is where careers, families, freedom, money and faith go to die. USSR of the South Pacific. Briilliant presentation, thanks so much. Regards from a soon to be ex Aussie, I'll be in touch once I'm finished selling up. So glad I have dual Maltese citizenship, courtesy of my wife.

Australia health care system Medicare is also slowly collapsing too

Living in Australia but making my international structure as we speak, the ATO are equivalent of the modern day Gestapo. Their rule is, your guilty until you prove yourself innocent, good luck fighting them in the courts. This country was once a place that celebrated hard work and risk taking, now the Labor governments federal and state buy votes with welfare and free money. Where is the incentive to work, study and employ people.

I have a 3 years goal to have all my taxes at max 25% in Australia through companies and trusts and salary maxes to that thresholds. This country has gone to shit with the waste of our tax dollars especially the high income earners.

Its disgusting how the successive governments treat their aged pensions. I've seen it and its really third world.

I found your channel a year ago, to bad I didn't found it earlier. But I'm gratefull, because I have learned a lot from you, and you share the same value and mindset as me. I'm looking forward to meeting you in person and work with you.

I had the gross misfortune of experiencing a couple years of sheer hell when a State of Australia (Queensland) implemented an 'Absentee Surcharge' coupled with a corporate rate equivalent Land Tax on QLD property owners. The legislation was also made retrospective. It created hell for expats and long term travellers out of Australia for 6 months, or even less if the QLD revenue office merely deemed you were intending to be a resident overseas.The QLD State government had Federal government access to immigration records too. My investment property started to become a liability due to the very high tax + surcharge. People were forced to return to Australia and retirees cancel itineraries to get back home. Some owners were suicidal. Truly a horrific surreptitiously introduced Communist style law. The outrage caused the QLD Labor government to scrap the tax, but still retained it for foreign residents. They of course announced it was scrapped for another reason.

Australia has taxes that would make a Nordic nation blush, with few if any of the benefits the Nordic nations offer to their citizens. Nordic nations realise without business you don't have people to tax, Australia for some reason doesn't grasp that and feels it is their duty to destroy anyone who dares become wealthy and open a business. This is why the top 5 highest income brackets in Australia are related to medicine and not manufacturing or being an entrepreneur.

Keep up the good work. People who said you were wrong, clearly they're uneducated on their own tax system.

Andrew’s “Old Man Voice” from the Simpsons is Perfect….! I’m dying….. 🤣

Australia has become a nanny state with the cost of living and taxes keep going up.

There is comments simultanously saying they want better Government services, but want to pay less tax. Tell me you have no financial literacy without telling me you have no financial literacy.

From an autonomous perspective, the worst countries on earth are New Zealand and Australia.

I just started researching Australia tax law and just on capital gains taxes alone decided not to move there

I'll be leaving Australia and investing in Asia where I'll be living. I'll run a business mostly for cash and there is no way i would report to the ATO. I'm under no obligation to payvtax as i never signed a contract. If they think i agreed to something by default then they are wrong. It's about informed consent. I'll still collect rent from investment properties and we'll have to pay tax, only because the government has a monopoly on violence against citizens.. ATO, Australian theft office. Tax we pay is not a fair share

Australian here. Your video was helpful as it helped identify the new 45 days test for 3 consecutive years. That's the real kicker. So if you just floated around your still paying tax for the new 3 years. The only out I can see is moving to a country with a Double Tax Agreement. Getting rid of your permanent Australian Abode and establishing a permanent oseas abode. That way 3a DTA saves you

Keep us updated on Australia please

Thus the Australian government is using a time tested tactic of making the laws as obtuse as possible so they can interpret the rules in their favor until someone is willing to take their chances in court. They've just restructured the obscurity - old concept new grey area.

Good stuff Andrew. I appreciate the passion & candour. Cheers

It's becoming worse here.

This was a great explanation, cheers!

"I didn't see it on the ABC"!

Can’t wait to get out of here!

Loved the juxtaposition of dry tax code and droll humor. "...they don't know how to do it, that's why it's impossible." Ha haaa, you made me laugh at six in the morning!

I earn double the average wage in Australia & pay 49% income tax. For that I'm not eligible for social security in old age.

As the ATO is a Crown agency, and, they are enforcing a law of the Parliament of the Commonwealth of Australia; and, they are calculating the amount payable as a tax... The ATO are now breaking the law. This also applies to State Taxation Offices, Centrelink, and all Shires / Councils and any agency that uses Valuer General valuations.

The Australian tax system has been progressively moving in this direction. I understand what you are saying that finalised rulings have recently become more defined. I suspect the person who said that this has been happening for years was simply agreeing with your ongoing assessments of the situation in Australia.

My favourite episode yet!!

Most Aussies have no idea what occurs in their own country. Most head in the sand nation in the developed world

Very entertaining. Love your impressions too. As usual great advice.

When they arrest Hoge's at his mothers funeral for tax debts that didn't exist, it's time to get out.

How ignorant people are!! Just because you haven't heard of it yey, doesn't mean it isn't so!! Wake up Australia!!

We are the most taxed nation on earth, and during Covid, the most imprisoned. Far from the “Lucky Country”

Thank you for the clarification, Andrew. Good tips as usual.

Australia, like Thailand, is taxing KZfaq VLOGGERS. 😂

Excellent explanation, thank you.

That's exactly right.... Australia does not want you to go and that's the reason they come up with all these tax and AGE PENSION idiotic rules

Great job Andrew I admire your patience dealing with these clowns from Australia Most of them have very little real wealth The really wealthy ones live abroad

Aussie here - Planning to gtfo to south east asia, not enough homes and unfettered immigration, gov has lost the plot and needs money for their lockdowns

Who wants to pay $46 Billions for a nuclear sub, anyway ?

Thanks for your patience to explain it in fair detail !!:-) I am in process of step by step packing up " Down under " much appreciate the input !!

The editing on the video is really well done. Good job

Flights are already booked out of here

Same goes for New Zealand. Never used to be an issue until Taxcinda got in. Good old grubby Labour. Always remember to renounce your tax residency if you move overseas if you're from Australia or NZ. You are able to after one year after you sell or close all your financial interests , close accounts etc, or you will be liable to declare and pay excess tax to those countries.

As an Australian who left...ATO has always considered Australians remain tax resident unless they clearly establish residency in another country. Rulings clarify previous rulings and court decisions. It used to be WORSE, more ambiguous. If you want to leave Australia you have to make a clean break.

Im a USA permanent resident now! After being an Aussie out of there nomad 15yrs! Wife got a Greencard applying to me getting one as well so yeah no idea. We got up to 7 years to duck that permanent worldwide USA tax system but its cheaper than Aus anyway and we will make bank. Covid thing and the exit ban finished my birth country for me for a while at least but it seems that AU is going to go more and more of the way of my convict ancestors rules.. EDIT: I did spend only around 60 days in AU last 10yrs

Comments on the last video were hilarious and great to see this guy reacting to it wittily. Serious sruff though. Thanks to this channel for sharing.

With all due respect to Australians, this is what you get when you vote in socialists (Labor) and Communism (The Greens Party) Apathy and in some cases stupidity will cost you dearly.

I guess Australia has to pay for its nuclear subs somehow, hey?

good to see you having fun in this video

Hi Andrew, I just found you on i - heart radio 📻 I enjoy the education I have received on your channel. All the best, ~Keith 🌞

I am so glad Andrew fought back against the nay sayers, who frankly from their smugness you could see it was just one up-man ship with no substance just he said she said nonsense .... but such is the world of the internet - just people making up their own truth on go .... !!!!!

Love your passion for reality!

Renouncing from Australia ASAP

You are very right, I am a PR and has been taxed on all my foreign incomes, ie USA n Malaysia rental income n more ....

Dramatised advice and commentary… 🎉😂 love it.

You must seriously ask yourself, once you become financially independent (or at any time), is it worth being a citizen anywhere. Would it not be better being a national/sovereign ? No, not a 'sovereign citizen". Simply a sovereign, not a member of a legal entity, which countries are. The Australian Citizenship Act says the benefits of being a citizen are: a) you can vote (I don't want to vote for criminals), b) You can serve in Australia's armed forces (No, I don't want to get myself killed protecting the profits of a corporation), c) You get Australian government to represent you if you have problems overseas (I have bigger problems caused by the Australian government than overseas governments). Not to mention that to be an Australian citizen, you have to have an oath of allegiance to the Australian government. There is no oath of allegiance for the Australian government to us, interestingly.

You are very correct about Australian's reaction to when you explain the tax laws. They always say "Aww they've been doing this for years, nothing has changed".... Well, Aussies who care more about football & going to the pub will think this way. Canberra is ALWAYS changing tax laws. The annual tax return used to be easy to do, was able to be done by a person by themselves. NOW you need an accountant who specializes in tax returns because the tax laws are always changing & not for the better. Many Aussies who don't own a home & earn money over AU$120,000 a year are moving to Malaysia, as what you spend on a week's rent for a Sydney studio apartment, you pay for 1 month in Kuala Lumpur & get a 3 bedroom apartment with a pool & garden plus still have spare change to send the kids to private international school where the English teachers are Aussie, Kiwi or English & teach your children how to speak WINDSOR CASTLE ENGLISH... Oh & have enough to fly back to Sydney & visit the grandparents for school holiday 2-4 times a year. If I wasn't so established in Australia today, I'd think about Malaysia or Brunei too, lots of oil jobs in Brunei. But, I'm an 80s Baby & many of us used our British ancestry to live & work in the UK, that was my generation's way of MAKING BANK was to work in the UK to help their tradesman-starved & nursing-starved economy. Germany was another country those of us born in the 80s & even 70s hoped to live & work in if you were qualified in an engineering or robotics or mechanical field. But now, it's Malaysia. The only Aussies who get any benefit living in Singapore for tax purposes, are those who earn over AU$300k a year, while Singapore taxes are cheap, the real estate prices to live in Singapore are not. Australia's tax system is very complicated & is there to keep accountants in jobs & to provide loopholes for all the corporates who lobby Canberra & run MARTIN PLACE to maximize their super-profits while paying no tax. Meanwhile, the working-class in the MORTGAGE BELT believes they are "beating the tax system" by thinking they can reduce their tax by claiming that Ryobi cordless drill & Sidchrome socket set on their tax return if they go to Bunnings & buy it before closing at 20:59hrs 30 June to claim it tomorrow on tax. The way the ATO burns Aussie's hard work, no wonder Aussies are "slacking off", no point working when you are taxed half of what you earn (ATO tax rates '24-'25) $190,001 and over......$51,638 plus 45 cents for each $1 over $190,000.... And we are told we live in "The Lucky Country".

Great content btw. I can't believe I just discovered your channel. Great work. Few notes on this, 1. It is a tax ruling. IT Ruling is just an ATO interpretation of the act. It can be challenged and while do hold considerable weight, it is not final. High net worth individual can challenge this ruling and as you have quoted when reading the new ruling. several preceding tax rulings on this same matter that are overruled by the Australian High Court. 2. The core axiom, rule of thumb, and IT IS ALWAYS THERE EVEN EVEN BEFORE JUNE 2023, is that there must be direct connection [including intention] between the tax entity and Australia,. In this context, if a digital nomad has an intention to flee to Australia as a back up plan then that intention establishes a direct connection to Australia. This is because he/she is accessing Australia as a service be it tangible or intangible, in this case an Australian protection as a service, thus be subjected to Australia Tax Law because that very tax is paying for the infrastructure that establishes that protection. Though why would someone adopt this strategy especially in light of COVID Border closure is beyond me? This new "consolidated" ruling and all previous rulings merely reinforce that axiom. 3. The content does shows a rather "simplistic analysis" of the Australian tax law from a Digital Nomad point of view. It failed to cater for International Tax Agreements between Australia and other countries but again why take such a headache when other places are much simpler.

In Canada, there is claimed non resident and deemed non resident tax status. Having your tax status officially deemed non resident by the tax authorities entitles you to not be taxed at all in Canada on world income. It is not something you assert and then receive. You must convince the tax authorities that you have met the criteria for qualifying that status. A superficial glance at some of those qualifiers for being officially deemed are non-residence. No ownership of anything that might qualify as a residential benefit. This includes clsoing all bank accounts and related material, surrendering your driver's licence, club memberships that assume physical attendance such as yacht clubs, golf clubs etc. Naturally that includes many health plans such as those connected with retirement benefits as well as any goverhmnet plan, of course. I am under a claimed non resident staus because I have not been in Canada for years. So I claim on my tax forms that I am filing under the non resident status and am subject to the rules associatd with that status. Canada has a shared system of procedures with some countries on how to tax Canadian residents of a particular country but who want to stay under Canadian tax jurisdicition. It is a very complicated affair, highly dependent on the individual's unique sittuation. Unless your accontant is an international tax type of accoutant, he neither knows nor cares about all the myriad rules connected with international tax. The best way for you to judge if he is qualified on the issue is wheher you have been paying the extra fees assciated with employing accountants who speicalize in the field regarless of whether they bring those skills to bear. It is impossible to have an income at all and have it any simpler than my personal situation with a non-resident tax status. Yet I have to file multiple forms with hundreds of line items that must be responded to. Over the years, I have gotten pretty quick at completing it. But if your accountant hasn't done it before you will have to pay him to learn that. He will have to consider every line item on your unique form and look up many of them for an explanation of what they mean exactly. I have no doubt that the tax authorities are just as bureaucratic and complex in Australia as in Canada.

Good work! You ploughed through that one!

Australia is becoming a dog's breakfast - FAST!!! Very good video - thank you

Thank you!

Perfect marketing. Respect!

First thing we should ALL do is have a Trust set up , forget about the costs its for the advantages over the long term .Dont agree, Ask yourself Why well off families and individuals do it? Australia has become a tightarse of a country you can't even keep the aged pension if you choose to live overseas , there are plenty of country's that pay pensions even when the applicant doesnt live in the country of orgin Malta being one. Liked the video its important to know the tax implications if you choose to live elsewhere .

How timely - my second passport is arriving in the mail this week.

Thanks mate.

“From a hill of beans” is the new like button.

Brain drain and loosing the you g people is a real concern

Taxing the people who create wealth, Cuba Style is getting popular in western countries.

Andrew, you're having too much fun with this. 😂

Love the accountant and hill of beans...

Issue with Australia is the mandatory superannuation system which makes you a tax resident regardless of citizenship. And the process to move that money out of Australia is hell...

Great content Andrew, we all appreciate what you do and hopefully those commenter’s will understand you’re running a business! I’m an Aussie, closed my business and moving overseas. 20yrs of running a company, high taxes and out of control property market means there is no incentive to work here anymore. See the light and leaving. Bye, bye 👋