Life, Death and Taxes – Insights by Mr Henshaw
WORKING OFFSHORE? TRANSFERRING MONEY TO AUSTRALIA? BEWARE OF AUSTRAC & THE ATO!
Australia is a big, isolated island. Despite our isolation, Australians are very well travelled. For some Australians, travel leads to living and working overseas for a prolonged period. For example:
- highly skilled Australian professionals engaged in oil, gas and related industries (e.g. based in the UAE, Saudi Arabia, Qatar, Russia, etc.);
- Australian entrepreneurs setting up businesses offshore (e.g. in international business hubs, such as Singapore or Hong Kong).