Think about it. In Australia, the average person now pays 69% tax. The OECD, who runs offshore tax havens, now controls most countries tax systems in the world. Everyone is paying far too much tax!
Paying higher and higher taxes seems to becoming more of our lives each day.
As an International Tax Consultant at Wealth Safe, we know the importance of having top quality international tax planning solutions. On the one hand, as Kerry Packer said, we don’t want to pay the government any more tax than we legally have to. Yet on the other hand, we don’t want to go to jail for doing it either! We have seen what’s happened with Operation Wickenby, and how the Tax Office has targeted celebrities like Paul Hogan, Glen Wheatley, and others.
This has scared many off from using an international tax consultant to provide solutions for their business and investments.
The days of using dodgy tax planning schemes to avoid paying tax are well and truly over.
There are many ways an International Tax Consultant can help you minimise your tax. These include:
There are a lot of ways you can legally minimize your tax. For example:
That is why you need to work with experts who know what they are doing, and will slash your tax, but make sure it stays 100% legal.
Warren Black is the head of the Wealth Safe international tax planning solutions division. With over 26 years experience in tax planning, including 10 years at the Australian Tax Office, and being the ONLY recommended specialist in Australia on Lance Spicer’s list of highly recommended international tax planning experts (Lance Spicer is a top authority on offshore structuring and planning, and going under the radar), Warren knows the tricks of the trade to ensure you only pay the tax you legally have to, and use offshore structures in an effective way to get results and not have any trouble.
Using international tax planning makes a significant difference to build your wealth faster and be financially independent. All my high net worth clients know this. It’s why they spend hundreds of thousands, even millions of dollars, on top tax planners!
Let’s take a look at the impact of tax rates on your wealth by an example …
Let’s say you invest $100,000 at 20%. Depending on the rate of tax, this is your net balance after 20 years.
48.5% tax $ 841,920.58
30% tax $1,618,027.01
15% tax $2,925,766.91
0% tax $5,282,753.06
If the balance is $1 million, you can see the exponential difference. Imagine investing $1 million at 20% growth for 20 years with no tax! Over $52 million.
It isn’t hard to see why you need international tax planning.
I see it as almost impossible to become financially independent living in Australia paying taxes like the masses. You have to know how to minimise your tax and work with the best experts to get out of the rat race. The rich all know this.
Every day you waste is a further erosion in your net worth.
To get advice from our senior International Tax Consultant and start your journey to financial independence, call the office on 1300 669 336 or complete our contact form.