RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz gulag: Stints abroad attract more tax Thu Jul 16, 2009 4:02 am | |
| A change in the rules means contract work overseas will be less appealing for Australians.
Australians working overseas on "rotation" or short-term contracts are hurriedly redoing their household budgets and talking to their accountants about tax strategies after an exemption that applied to their foreign income disappeared as of July 1.
Accountants specialising in expatriate tax work say others are packing their bags to move overseas because if they become non-residents they'll no longer come under the Australian tax system.
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