KhunHeineken

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?

A clip around the ear is illegal now. It's now called child abuse. ????

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?

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.

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

https://banksgroup.com.au/changes-to-individual-tax-residency-rules-earmarked/ Quote: "For long term residents of Australia, the individual will cease to be treated as a resident of Australia if they have been physically present in Australia for less than 45 days in each of the current financial year and the last 2 financial years. For long term residents of Australia, the objective factor tests are not separately considered to determine residency. If a long-term resident individual is treated as a non-resident of Australia for the year, they will be treated as a non-resident of Australia for the full financial year."

Will you still be a resident for tax purposes after the new changes come in?

Once again, the last update to that document was 6 years ago. Will you be relying on that document after the new changes come in? ????

By mentioning "severance of ties" I think the member may be referring to the below clause: "The availability of short-term portability (excluding DSP, Widow B and Wife pensions) depends on whether the customer continues to satisfy the residence requirements. In deciding whether a person travelling overseas for a short time continues to reside in Australia, regard is given to the nature of the person's accommodation in Australia, family relationships, employment, business, financial ties, assets and the frequency of or duration of travel outside Australia. Recipients who return to Australia just to renew their portability period would not satisfy the 'residing in Australia' criterion and would not qualify for continued payment." Notice it says "continue toto satisfy the residence requirements" and "recipients who return to Australia just to renew their portability period would not satisfy the 'residing in Australia' criterion." What actually happens may be a different thing.

For everyone, zero, if / when the new changes come in.

I read the link. Question still stands.

Is that their current status, or their status after the new changes come in?

Here's the website I think you wanted to quote previously. www.dss.gov.au .gov, not .com. Here's a relevant paragraph. "The availability of short-term portability (excluding DSP, Widow B and Wife pensions) depends on whether the customer continues to satisfy the residence requirements. In deciding whether a person travelling overseas for a short time continues to reside in Australia, regard is given to the nature of the person's accommodation in Australia, family relationships, employment, business, financial ties, assets and the frequency of or duration of travel outside Australia. Recipients who return to Australia just to renew their portability period would not satisfy the 'residing in Australia' criterion and would not qualify for continued payment." The document was last updated 6 years ago, in 2016, where they reduced Family Tax Benefit from 56 weeks to 6 weeks for non residents. I won't say it, because I will be labeled a scaremonger or troll, so I will ask it. How relevant do you think this document is to the proposed changes being discussed?

I don't have a link to a law that has not come in yet. I used the words "I can only see" I didn't use the words "They will" or "It will." After reading the proposed changes, maybe you can explain to me then how someone outside of Australia for 184 days, that's 1 day over the limit, will still be deemed a resident for taxation purposes. I get what you are saying, but for me, the 183 days either locks people into residency, or locks them out of residency. I doubt it will just be used to only lock people into residency, and there will be zero attention to those locked out of residency, like expats. Like I said, if inside for 183 day, you are a resident, no dispute, but outside for 183 days, how would one then argue they are a resident for tax and not a non resident? The law can't be there for some, and not for others.

Good move. Those constantly transferring from their bank here, to an account in their name overseas, draws attention.

Sure, anything's possible. They could possibly change it from $0 to $120,000 to $50,000 to $120,000. Or, they could simply exempt the old age pension. We have all see the proposed changes, but I haven't seen any new threshold proposals as yet. Next year, Australia will hit 1 trillion dollars debt. They will be looking for every dollar they can find, for anyone, and everyone. I'm not so sure they will be handing out any free passes to expats.

Are you transferring to Thailand out of your CBA account?

I can only see it working both ways. Inside Australia 183 days, outside Australia 183 days, they'll scoop up the lot.

It's a disability support website. I think you have just lost any credibility you may have had. ????

I'd be interested in any link you could provide showing the historical changes and exemptions. (grandfathering) Why would they "grandfather" in expats, after they have gone to all the trouble and expense to draft legislation that is designed to tax expats?

Ahhhh, The Paul Hogan theory. ???? The non resident tax rate from $0 to $120,000 is 32.5%, from dollar number one. Scroll down for non resident rates. They are harsh, and will have a financial impact on people these new laws will effect. https://www.exfin.com/australian-tax-rates No time and resources needed. Computer data bases do everything. No applications for a review, or appeals. 183 days is 183 days.

Ahh, the "It will be in the papers" theory. What would you propose the pensioners living overseas do about it? Perhaps we could protest outside Australian Embassies all around the world. ???? For sure the pensioners living in Australia couldn't care less. Why would they, it doesn't effect them one bit.

These new changes only target Paul Hogan. Everyone else outside of Australia for 183 will be exempt. ????

Nothing to audit. They know Centerlink gives you a pension, and they know you are outside of Australia for 183 days. That's all they need to know.

So if he doesn't volunteer the information, why does he need to return to Australia every year? How many days will he be back in Australia for each year, could it be 183 days? Could it be, he MAY make a false declaration at some stage? Did he give any advice for guys you don't return to Australia? He's gotta be scaremongering you, surely. ????