International Taxation .

Isn’t it scary how much governments are intruding into our lives?

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.

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 off many from looking into international taxation options to slash tax in their business and investments.

The days of using dodgy tax planning schemes to avoid paying tax are well and truly over. However there are still plenty of legal ways to do it.

There are many ways you can use international taxation to help you minimise your tax. These include:

• Using offshore companies in all kinds of jurisdictions, e.g. Hong Kong or Singapore
• Offshore trusts
• International banking
• Using overseas foundations
• Using overseas charitable trusts
• Second mortgages overseas
• International tax treaties
• And many others!

There are a lot of ways you can legally minimize your tax. For example:

• If you set up an overseas business with global clients, while still living in Australia, although you’ll pay tax when the money comes back into Australia, there are tax deferral benefits which can make a significant difference in accumulating and compounding wealth.
• If you choose to become a perpetual traveller and establish a residency outside of your home country (Australia, US, etc.) you will not have to pay tax on any offshore income from your business, or from trading the markets or your investments. You’ll only have to pay tax on your Australian or home country income.
• If you trade the markets and are still an Australian resident, you can set up a company in Singapore, Hong Kong, or Malta, and although you still have to pay tax in Australia, you don’t have to pay tax until you bring the money back into Australia. This gives you a tremendous opportunity to compound and build wealth.
• You have international tax treaties that can allow you to pay less tax, eg. capital gains tax in certain instances for companies which buy real estate in Australia, or buying assets overseas under certain treaties

That is why you need to work with experts in international taxation who know what they’re doing, and will slash your tax, but make sure it stays 100% legal.

Meet Warren Black, International Taxation Specialist

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 advice on international taxation.

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.

Contact us today and start your journey to financial independence!