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KhunHeineken

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Everything posted by KhunHeineken

  1. How will that get around you being overseas for 183 days, thus deemed a non resident for tax purposes, and your pension / part pension? Australian immigration records have you on toast. That's the big tax. You would need a major restructuring of your finances, or implement the strategy you mentioned and go back to Australia for 6 weeks / 3 months, if it's actually worth it for you to do so.
  2. Global media and governments have all stated what is occurring in Myanmar is a civil war, yet, he denies it, without any links put forward to disprove it. Too Funny.
  3. I'm sure Mr. Khayanngan's colleagues will now allow certain people to deal drugs in their "entertainment establishment."
  4. As soon as the media publishes "drunk" everyone automatically attributes blame to the foreigner / expat / tourist / passenger. However, even whilst quite intoxicated, one knows when they are being robbed. Some hand over the money, others defend themselves. More to this story than "just another drunk Brit."
  5. Check out these obscene profits. https://www.actu.org.au/media-release/back-workers-not-big-business-profits-politicians-urged/ "Recently we’ve seen the big four banks post bumper profits, with the Commonwealth Bank posting $10.2 billion, Westpac $7.2bn, NAB $7.7bn and ANZ $7.4bn. Back in August, we also saw significant profits from Coles, up 17.1% to $643 million and Woolworths, up 14% to over $900 million. IAG, Australia’s top general insurer, saw profits soar 140% to $832 million. Origin Energy, one of Australia’s biggest energy providers, grew profits by 83.5% to over a billion dollars." Price gouging, but guess what, the higher the price, the more GST the government gets, so why would they care?
  6. I could see some years ago policy was pushing Australia into the extended family model like Europe and Asia. Basically, no chance to own your own home, so you and your wife / husband live with parents / in laws, and inherit a house. So much land in Australia, yet, there is a housing crisis. We are a laughing stock of the world. It's a man made disgrace.
  7. There is a lot of software out there that does similar to this. Not only can the owner, in your case your former employer, wipe the drive, but they can also know your geographic location. https://homeoffice.absolute.com
  8. Are they brave enough to revisit the inequity of the negative gearing policy? Stage 3 tax cuts: Allegra Spender, Bill Kelty call to overhaul system beyond income tax cuts (smh.com.au)
  9. As I have said before, computer data bases will do the heavily lifting. Despite Australians voting down a National ID Card years ago, we are all still just a number, one way, or another. Eg. drivers license number, Medicare number, passport number etc. We have already established that Immigration inform Centerlink of a pensioner who is outside of Australia for 6 weeks, so their supplements are cut off. Immigration will do the same after 183 days, so the 32.5% non resident tax will be withheld. The infrastructure is already in place for it. Now, initially, the proposed changes were 45 days in Australia, followed by the factor test. If outside of Australia for 183 days that's automatic non resident. The Labor government were looking at tweaking the 45 days. There's some suggestion that it may be 90 days, in line with other countries. (links previously provided) That would mean you would have to do 3 months in Australia, plus meet two of the factor tests, which are not difficult, but 3 months in Australia would no doubt effect the bottom line of many pensioner's budgets, so much so that one member posted it may be actually financially beneficial to remain in Thailand and give up 32.5% of the pension, and that was just for the 45 days. The data base will simply calculate your combined amount of days in Australia and proceed from there, but most Aussie expat retirees will be an easy catch because they are simply outside of Australia for 183 days. Many haven't been back to Australia in years. Every member's situation is different. Some may have free accommodation back in Australia, for example. However, a forced 3 month stay is double a forced 6 week stay, should you decide to adopt that strategy. Keep your eyes on what Labor tweak. The longer tweak is good for working Aussie expats, but no good for Aussie retired expats. I guess it comes down to how much "income" one is deriving from Australia, and how cheaply they can remain in Australia for either 6 weeks or 3 months, or anything in between, as to how financially viable a return to Australia would be, in order to be deemed a resident for tax purposes for the year. Once again, it's not a new tax. It's a tax that pensioners should already have been paying, for decades. (see the Bob and Blake link, plus a new one I have recenlyt posted) As for other countries, how is that relevant? Have you seen the UK Forum what UK Banks are doing to non residents? Tell me how you think it could be legally challenged? Who's going to challenge? Have a look at the results of the petition I posted recently. I see you are still of the belief of a big protest, or backlash, or pensioners being "up in arms." It didn't happen and isn't going to happen. The legis;ation will be easily passed because it was originally put forward by the Liberals, so why would they oppose it now? No. I have skin in the game. I stand to lose, or, adopt your strategy and go home for the amount of time set in legislation, then meet two of the factor tests. I don't like either option. What has caused such great debate is that many pensioners believed it was all not applicable to them. Comments such as, "I don't earn a pension" and "the pension is not an income" and the famous " that's only for guys like Paul Hogan" etc etc. I hope the legislation never passes, but the naivety of many members on this forum is amazing. They truly need to believe none of this will have any impact on them, hence throwing rocks at the messenger in the hope the message goes away.
  10. Just checking in on Australia's Debt Clock. That's a lot of debt for a country with only 28 million population. https://australiandebtclock.com.au
  11. How many more links would you need before you accept Myanmar is officially in civil war? Here's the BBC. Dated 23 January. See the words "civil war" yet again? https://www.bbc.com/news/world-asia-68038513 "The man who led the 2021 coup against the elected government of Aung San Suu Kyi, provoking a catastrophic civil war, has faced plenty of international censure, and is loathed by much of Myanmar's population."
  12. You didn't mention anything about not making the same mistake twice. Many do.
  13. Why American is not the greatest country in the world. Australia gets a mention.
  14. I was under the belief Aboriginal people got an annual, or bi-annual payment from their land council, which is a lump sum.
  15. Income derived in Australia. The Australian government would want their cut. Don't you think so? Given that Centerlink can withhold the 32.5%, I can't see Thailand becoming a tax haven for pensioners. Just wishful thinking on your behalf. Australia will soon hit a trillion dollars of debt. The government needs every dollar it can find. Of interest is the quick way the Stage 3 tax cuts saw a change in the resident tax brackets. Hopefully, a similar change might happen to the non resident tax brackets, but then again, why would they let guys like Paul Hogan off paying tax on the first $30,000? I am simply reply to a member, like I am to your post. The clock is ticking on the proposed changes. As a part pensioner, have you considered my "prediction" may eventuate? Tick, Tick, Tick.
  16. Whilst locating a link for another member, I came across the results of the petition about the proposed changes. It took me back to the early days of this debate, and the comments of some members like: "the government would never do that because it would cost too many votes" and "pensioners would be up in arms" and "there would be a big pensioner backlash" etc etc. I remember posting about the petition, for any member interested in signing their disapproval. Well, here is the result of the petition. Signature count: 5235. Yes, so big was the backlash from pensioners in Australia for their fellow pensioners living abroad, and so much were they up in arms in support for their fellow pensioners living abroad that a whopping 5235 people signed the petition. I am sure the government is very concerned about losing 5235 votes, from people that will not vote in an election anyway. I wonder if Paul Hogan signed the petition. https://www.aph.gov.au/e-petitions/petition/EN4259
  17. I would think it almost an impossibility that the proposed changes would not be passed, by either political party, within the next 10 years. That would make the current laws over 100 years old.
  18. Again, you still don't get it. You are not looking at the bigger picture. The proposed changes are designed to scoop up people living in Australia deriving an income, but who are not paying resident tax rates, and people deriving an income from Australia, but living overseas, who are not paying non resident tax rates. Both demographics have been getting away with paying resident and non resident tax rates for years. The resident has been saying they are a non resident, and the non resident has been saying they are a resident. The current laws are 90 years old and full of holes. The proposed changes are a physical presence and time based model, backed up at law by immigration records, so no reviews, no appeals, just days in and out of Australia, which can't be refuted. The proposed changes will net them all, and, without an exemption, or the introduction of a tax free threshold to non resident tax brackets, pensioners will be caught up in the net and will have to pay.
  19. He doesn't get it. He doesn't understand the whole game changes as a non resident. I've posted links showing the pension is deemed an income. I've posted links showing the pension is taxable. I've posted links showing the non resident tax brackets. Yet, he still believes he will enjoy the benefit of the tax free threshold in resident tax brackets, even after being deemed a non resident for tax purposes. To be fair, I have asked him to post some links backing up his argument, only to be told "they don't exist." Here's another similar link. This time it's "Carvets and CaroATO." https://community.ato.gov.au/s/question/a0J9s000000O2y4/p00197245 "As a non-resident for tax purposes, we'll only tax you on the income you receive from Australia sources such as interest and your pension." I hope he sees the pension will be taxed at non resident rates also, not just the interest, which he says is "other income" that will be taxed, with the pension being exempted by a non resident tax free threshold that "does not exist" also.
  20. Poor attempt at a personal attack. Without any links, I find your argument just your "interpretation" and "opinion" and is basically hot air and wishful thinking. Come up with some substance.
  21. You are simply wrong. I have asked which one out of five points you think is incorrect in a previous post. Once you chose one, or more, and back it up with some "existing" links, then your argument can be explored. I'll gladly concede if you can prove your argument to me.
  22. Again, you refuse to address the non resident tax brackets. They are 32.5% from $0. All the material you post is in relation to resident tax rates. The whole game changes when you are a non resident. Post a link showing pensions do not come under the non resident tax brackets. Too right it doesn't exist, and that's why it's highly probably pensioners will have 32.5% tax withheld from their pension after being outside of Australia for 6 months when the proposed changes are passed, exactly the way they have their supplements withheld after being outside of Australia for 6 weeks. I find it laughable that you state on here "pensioner do not pay tax" and then admit there are no links to back up your argument because such links don't exist. The links don't exist because your argument doesn't exist.
  23. Do tell. Paul Hogan tried that, and look what happened to him. Who said Centerlink had to "collect" anything? They would simply withhold the 32.5% non resident tax in the same way they withhold the supplements. Yes, rocket science. It's clear that you seen to think pensions / pensioners are exempt from paying tax no matter their geographic location. So I can be clear on what point you are debating, can you tell me which of the following you believe to be incorrect? 1) The pension is deemed to be an income. 2) The pension is taxable. 3) There is no tax free threshold in the non resident tax brackets. 4) There are no exemption in the proposed changes. 5) There is no proposed new tax free threshold for the non resident tax brackets. I have proved links for all of the above. If you can tell me one or more of the five thins above that is wrong, and back it up with some links, I could better understand why you think pensions / pensioners will not have to pay non resident tax. You are wrong. The pension is deemed an income, simple as that. I have posted links to this previously. It has nothing to do with having other sources of income, or not. You still can't get your head around the non resident tax brackets. I'll post them again for your benefit. Can you show me in the table below where someone's first $26,000 (the pension) doesn't have to pay any tax? The "zero tax" you are talking about is for residence of Australia for tax purposes. Living in Thailand for more than 183 days, you will be deemed to be a non resident for tax purposes and the rate is 32.5% from $0 to $120,000. Foreign residents tax rates 2023–24 Foreign resident tax rates 2023–24 Taxable income Tax on this income 0 – $120,000 32.5c for each $1 $120,001 – $180,000 $39,000 plus 37c for each $1 over $120,000 $180,001 and over $61,200 plus 45c for each $1 over $180,000
  24. No contradiction. I am a resident for tax purposes, due to maintaining a domicile, and should I ever be questioned, I will say I am maintaining that domicile because I have every intention of returning to Australia to live. However, I really should be classified as a non resident, but due to loopholes in the current 90 year old laws, the ATO can't prove I am a non resident for reasons mentioned in a previous post. Thus, the government's need to move to a physical presence and time based tax residency model that does away with the loopholes.
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