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KhunHeineken

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Everything posted by KhunHeineken

  1. Those migrants have skills that Australia require, or studied in Australia in a field that Australia requires workers, so get a visa or PR after they finish uni.
  2. I don't see it as being negative. I see it as the Australia government doing nothing positive for Australians who don't live in Australia.
  3. The Big 4 all offer bank accounts to international students. Here's a link to Westpac. https://www.westpac.com.au/personal-banking/bank-accounts/transaction/choice/international-student/ The university will probably have some form of student accommodation, and it will range in price. Or, there are various noticeboards on campus advertising for share accommodation. She would probably be able to find some ads online as well. The best advice I could give here is, bring warm clothing. ????
  4. This was the link, again. Basically freeze pensions. It would mean you don't lose 32.5%, but it would mean you don't get any increases whilst outside of Australia. We copied them with Job Keeper. Was that La La Land? Who knows, they may copy this as well. Probably an easier sell to the Australian public, for those of the opinion nothing will change because of a backlash, outrage, protests, riots, flag burning, political assassinations, domestic terrorist attacks, petitions, and so on. ????
  5. What government would you be talking about? Would it be the government about to be elected out of power? Where's the opposition's promise to repeal these laws, should they take government? I didn't see any backlash or noise from the opposition when these proposed changes were put forward. Did you? If you did, please post a link. Likewise from pensioner associations, even the RSL. The silence has been deafening. I posted a link from one company setting up a fighting fund to challenge the details, but that would be for more wealthy individuals. Just how many people do you think retiree overseas? Do you think it's enough to influence the government? As asked before, how many expats make their way to an Australian Embassy to vote at election time? As I have said, pensions may be exempt, and I hope they are, but "income" is income, and 183 days is 183 days, and they very well may not be. We will have to wait and see, but I certianly don't put any hope in some type of push back, backlash, petitions, riots, flag burning, protests and so on, changing these laws, because there would have been noise already. If anything, they will do like they do when they push their own pay rises through, 5 mins before midnight, unopposed.
  6. You are not the only one. Many are in the same boat. Nothing stays the same for forever. We have had a good run. Our country is in massive debt. (I didn't use the word broke, for your benefit) Expats will not be the only demographic of Australian the government will be chasing money from. Who knows, maybe they will do like the British system in the link I posted from another thread and just stop CPI increases to those outside of Australia for 183 days. It's not kind, but kinder than a 32.5% hit. It would mean guys like yourself will be reasonably fine, but it would stop the exodus of Australians retiring overseas on a pension in the future. One thing is for sure, they didn't go to all the trouble and expense to draft the legislation for no reason. They already know when they will bring it in, and how it will be implemented and enforced. All we can do is wait and see. Good Luck to all of us.
  7. There's a difference between tax avoidance and tax minimization. Most on this forum would be "clean skins." It's not about absconding from debt to the ATO. It's also not about avoiding tax, it's bout minimizing tax, as seen in the Kerry Packer clip I posted. Minimizing tax is not a crime. The ATO is just another bill to pay. No one here is talking about fraud. Minimizing tax is a hell of a lot more difficult to do when you want to be an Australian resident for taxation purposes, but don't live in Australia. If the 183 day law comes in, it's impossible to request a review or appeal of your non resident tax bill because immigration records show Australian citizens as being outside of Australia, and for how long. They have you on toast. As a pensioner, IN MY OPINION, if pensions are not exempt, your pension MAY simply decrease by 32.5%. Yes, should the unthinkable happen and the 183 day law comes in, and is strictly enforced, with no exemptions, you, me, and the vast majority of retired expats will be knocked for 6. Members were posting like the government gives a sh*t, or pensioners back home would be outraged and it would be in the papers and there would be riots and they would be burning the Australian flag in the streets. ???? The reality is, not the government, nor pensioners back home, and certainly not the tax payers, give a rat's a** if this comes in, and pensions are taxed as well. Why would they? Due to the geographical location we chose to live in, we are at the mercy of these new changes, and how they will be implemented, and it costs the government no votes, and nets them billions of dollars. I posted the changes as a head up. Do with the information as you please.
  8. No link for that comment. If I posted a link, you wouldn't believe what's in the link anyway. It's all "p*ss and wind. Bubbles and froth. Bubbles and squeak. Farts and froth." Right up until the part where it become law in Australia. ????
  9. Should what you describe happen, Australia becomes a Banana Republic, virtually over night, then we have a real prospect of defaulting on our debt, as China is our biggest trading partner. The Australian Dollar would be near worthless, forcing huge lifestyle changes for expats, perhaps forcing many of them home. It's well know China has been stock piling its imports for years and years. The strategic time for them to gain world superpower status would be to cripple the world's economy and have countries beg them for a seat that their table. Either that, or World War 3. Imagine for a moment everything that has "Made in China" either costing 20 times more, or not being available, for years. China has been indebting small countries over the last several years with their Belt and Road policy. Move on Taiwan, and invoke sanctions, they will send the west broke, and they know it. They could pull the trigger any day. Note: the above is only my opinion, making stuff up, suggestion, advice, gut instinct, vibe, suspicion, and so on. I DID NOT say "China WILL invade Taiwan."
  10. Currently, there is no threshold for non resident taxation. The first bracket is $0 to $120,000, this would be most Aussie expats living in Thailand, whether that be on a pension, or self funded retiree, and that bracket attracts 32.5% from the first dollar, which is $0. I have posted a link to these brackets in a previous post. I have seen no proposed changes to the non resident tax brackets put forward with the proposed non resident tax changes. That's not to say they will not be forthcoming, they might be, but I would doubt it. Once again, why go to the trouble and expense to change the law, only to then allow so many to stand outside the new law? The pension may simply be exempt altogether, and let's hope it is. It's the 32.5% from the first dollar that is the biggest concern for all of us. It's harsh, and is basically 32.5% out of what most of us are living on overseas. It's yet to be seen if "income" means any and all income from Australia, including pensions, or, any and all income from Australia excluding pensions. That's the wait and see. I simply posted the changes as a heads up that they MAY effect everyone, not just self funded retirees.
  11. I would say it's a certainty it will be legislated, and yes, that's just my opinion, prediction, making stuff up, gut feeling, suggestion, suspicion and so on. I have no link for it. For those of the opinion these changes will not get through, where was all the rejection and criticism by the opposition when they were put forward? How they will be implemented is what most expats will be looking at, and that's a wait and see. I don't think just one commodity, nickel, will pull Australia out of record debt. Not even gold can do that. Taxes will have to play their part. and I can't see anyone getting a free pass. Yes, China does own a lot of agricultural land, which means they are producing, not buying from us.
  12. Australian households - "World beating debt." https://www.theguardian.com/australia-news/2022/may/05/laden-with-world-beating-debt-australian-households-are-at-increased-risk-as-rates-rise-expert-says Quote: "Chris Martin, a senior research fellow in UNSW’s City Futures Research Centre, said data from the Bank of International Settlements showed total credit to Australian households amounts to about 120% of annual GDP. That ratio trails only Switzerland’s 130% and was far higher than the average of about 75% for advanced economies."
  13. I have no problem with your suggestion, however, decent Man Caves require esoteric applications. It's a Man Cave, not a kitchen. ????
  14. How reliable are government sources in an election year? ???? I agree, it's "presently" not being effected. How do you sources know it will not be effected in the future when the new laws have not been implemented yet? There's several links from different accounting and taxation firms. Definitive answers are not available as yet, because the new laws haven't come in. You are misquoting me. I have always said "may" and "could" not "will." How much debt would Australia have to be in before it satisfies your definition of broke? We'll be hitting 1 trillion early next year. Would you say at 1.5 trillion Australia is broke? Pick a number. Trade our way out with what? We hardly have any manufacturing left? The Chinese will take advantage of our distressed position and get us accept the lowest price for our mineral resources, just like that did in 2008. Our agriculture is having problems with climate change in the form of floods, fires and drought. Coal is on the way out, both in Australia and around the world. What commodity do you see Australia trading in that will see the 1 trillion debt paid back, and over how many decades / generations?
  15. Conduit and / or ducting. Not on the ground. Come out of the roof.
  16. I simply posted a link to the residency tax law changes and suggested it may impact all expats because the 183 day rule seems black and white. Replies, such as yours were, "I'm on a pension. It won't effect me." I suggested it may effect pensions, and because of that suggestion, I have been personally attacked. Note I used the word "may." I never used the word "will." To date, no information has been posted to show pensions to expats WILL BE exempt. Same question to you. Read the links posted by myself, and others, and if you don't call that broke, what do you call broke?
  17. Is it not a factual statistic? How is the truth, fear mongering, unless the truth should be feared? I read your link. It doesn't paint a rosey picture. Look at the trajectory the debt is on. What's going to turn it around, other than raising more revenue. How does a government raise more revenue? Sell offs and / or taxes. We've already hocked of the country's silverware, that leaves taxes. The charts in your own link suggest all is not well in Australia. I haven't deflect or avoided anything. I invite you to post your opinion on the thread I started about it, because it's a little off topic in this thread. Instead of using the term "broke" would you be more happy with the term, "approaching our debt ceiling?" What would you describe Australia's debt situation as? Once again, with the debt rising faster than the revenue, if Australia is not broke now, when do you think it will be? What do you think will turn that debit trajectory around? Dig more holes in the ground? This if from your own link: Quote: "Recently, an article in the Australian Financial Review warned that Australia could lose its AAA credit rating as soon as September 2021, due to the Budget forecast of persistent budget deficits over the next decade. A downgrading to AA+ could result in higher interest rates on new debt." Is the Financial Review not a creditable publication? How far away are we from losing our AAA rating? It can't stay AAA forever, with the debt rising so fast. Then, what happens to the Aussie Dollar, which effects expats? Yeah, yeah, scaremongering again. It's all rosey, and the pensions and Sinha will keep flowing for expats. ???? Once again, what is your definition of "broke" and just how much debt do you think a nation with only 12 million employed can service?
  18. Posted this link on a thread I started about it. https://www.smh.com.au/politics/federal/australia-drives-up-debt-to-menzian-levels-with-no-end-in-sight-20211228-p59kg1.html Quotes: "Australian government debt has increased the most of any major economy this century, more than doubling over two decades, with the nation facing at least another 10 years of budget deficits." "Australia is the only member of the G20, the world’s 20 largest economies, to have increased debt by more than 200 per cent over a period that includes the dot.com recession, the global financial crisis and now the coronavirus recession." So, if we are not broke now, when will we be, or, is your definition of broke, defaulting? Do you think digging a few more holes in the ground is going to fix this mess?
  19. Take it easy, mate. I never said you did anything wrong. As they say, there are two certainties in life, death, and taxes. Don't let one cause the other. If our government wants / needs to tax us, so be it. It will hurt some more than others, but at the end of the day, there are governments out there in the world abducting people, never to be seen again. There are dictators ruling through fear, incarceration and torture. There are countries out there where the divide between the rich and poor is to a point where it is immoral. There are countries out there locking up political opponents, even murdering them, even when they are abroad. I could go on, but you get point. If / when we are taxed, we are still doing ok, thanks in part to guys like yourself that fought against the afore mentioned things happening in Australia. As I have said, Australia is broke. Expats are not the only demographic of citizen the government will be coming after for money in the future.
  20. This company has set up a fighting fund to challenge some of the details of the proposed changes. They have a couple of youtube videos talking about it. The tax expert says, "Earliest date of Commencement - 1st July 2022." https://www.smats.net/residency-tax-changes
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