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Seychelles
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| Overtaxed Aussie |
I own a design firm in Australia - All my clients are Australian based and they just simply would not deal with a cyprus/panama company. Basically I make around 250k a year and see a very large chunk of this go to the government to be squandered on free flights for politicians and dole bludgers.
I am currently setting up an internet site selling bits and pieces. I plan to start a bank account in Hong Kong (under a Seychelles based IBC )
I have looked at banks over there and found one that I like (1% visa fee on atm withdrawals as well as reasonable priced money transfers to china (my supplier))
I have been reading the ATO's blog that they monitor the use of ATM cards aswell as EVERY wire transfer going out (Its hard to believe as they would need 500000 employees)
Basically my question is this. Is there any way to lessen my tax burden in Australia with an offshore solution. Say I buy an IBC in Seychelles is there anything stopping me from opening a bank account then shut the IBC down saving me 500-1000 dollars a year?
I have looked at dumping money into super however this still has kevin rudds finger in the pie at 15% on earnings each and every year (You cannot get ahead that way.)
Overtaxed Aussie |
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