mozzaok wrote on Apr 29
th, 2011 at 12:28pm:
Quote:Leave it to us accountants.
I can (and have) made a profitable department make a loss on paper and a loss-making entity report a profit.
All above board too.
We are magicians.
I earned $32,500 in Australia in 2008 you know.... Grin
Andrei's post in another thread, just before writing this response in this thread.
Quote:I am asking how you can possibly justify taking over $9,000 in tax per month of a single couple.
Then turn around and tell that same couple they are not entitled to help.
This is the problem with a place like Australia.
Andrei
So, what happened between 2007 and 2008, did you learn a new magic trick?
Even if your wife stopped working, and your income was cut in half, the resultant 54k claimed to have been paid in tax is 21.5k more than you declared as earnings for the next year.
All above board, of course, and I am sure it is morally defensible too in some plane of consciousness I luckily do not share with you.
In 2008 I became a domiciled non-tax resident of Australia with the agreement with the ATO.
I had a company domiciled in the Channel Islands, employed to provide a service, I then worked for that company and took a wage which I declared in Australia.
The difference was I became a non-resident because I had a clear intention to return to the United Kingdom.
I didn't claim the baby bonus, it was in my wife's name. I was not entitled to it in 2008.
Like I said to you, I do not believe, nor engage in, tax evasion.
That's illegal and as a member of the ICAEW I would be thrown out should I do so.