Want to remove yourself from the Tax System?

Discussion in 'Wealth Creation & Management' started by adrenalin, May 4, 2015.

  1. f40

    f40 Member

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    Nope, I cant unfortunately. I don't know what case it is and don't even know if its true.
     
  2. f40

    f40 Member

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    It was just word of mouth, hence it been a rumour.

    i.e. Joe Blogs over there uses promissory notes to pay his mortgage, blah blah.
     
  3. f40

    f40 Member

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    This isnt the case, but it mentions the basic principals.

    [​IMG]
    Source:
     
  4. -j-p-shmorgan

    -j-p-shmorgan New Member

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  5. yennus

    yennus Well-Known Member Silver Stacker

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    How does that work?
     
  6. SilverDJ

    SilverDJ Well-Known Member

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    Why?
    What's illegal about living off your own land off the grid?
     
  7. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Any update on this? It seems like every year the government and ATO become more and more intrusive into the lives of individuals and small business. They want their pound of flesh and there are few avenues of escape.
     
  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I'm guessing the illegality is more about attempting to exit society entirely by "going bush" which was the earlier comment. There are so many laws and regulations that apply to everything.
     
  9. SilverDJ

    SilverDJ Well-Known Member

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    Couldn't you just pay up anything owing, and then just tell the tax department you will no longer be filing a tax return next year?
    Heck, can you even get your tax file number removed I wonder?
    As long as you earn no income that is taxable (above the tax free 18,200 threshold actually) the government surely have no right to chase you for anything?
    I see nothing "illegal" in choosing to not earn any more income and no longer filling in a tax return.
    They even have a checklist for it:
    https://expertsystems.ato.gov.au/sc...nchor=DoINeedToLodge/2015#DoINeedToLodge/2015

    If you own land and live off it, and don't earn over $18k or have business etc then you shouldn't have to file a tax return any more. Off the grid you go.
    Only one who might chase you is the local council for your rates or whatever.
     
  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    How about rates etc, or if you are off grid don't you get rates?
     
  11. alor

    alor Well-Known Member Silver Stacker

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    if one can register for one, it can be de-registered
     
  12. SilverDJ

    SilverDJ Well-Known Member

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    Local land tax does not apply to your principle place of residence, or under the tax free threshold.
    Rates on the other hand are likely still payable, take the Blue Mountains for example:
    http://www.bmcc.nsw.gov.au/yourcouncil/rates/whatarerates
    Even if you tell them to disconnect services (sewage, water, power), I think you are still liable.

    But overall, it's entirely legal to earn up to $18k per year and never fill in tax return return again, and if pay your local council rates then you can remove yourself from the federal tax system without any issue.
    This couple is refusing to pay council rates:
    http://www.coffscoastadvocate.com.au/news/man-dorrigo-not-paying-rates-high-court/535267/
     
  13. yennus

    yennus Well-Known Member Silver Stacker

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    Yep, even off-grid you get rates :(
     
  14. toorak13

    toorak13 Member

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    just offshore your business like all the big businesses and you are tax free?
     
  15. toorak13

    toorak13 Member

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    i do wonder what happened to the original poster...(now in 2018)
     
  16. SilverDJ

    SilverDJ Well-Known Member

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    It's not that easy.
    Even the tax havens are "low tax" not "no tax". And once your money is overseas you need a way to spend it their or somehow get it back without paying tax here (that's really hard legally).
     
  17. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    It's not that difficult: the overseas company loans the money to you in Australia and you just never pay it back (or you pay the interest only and, claim a tax deduction from the ATO on the interest, and then loan it back again).
     
  18. toorak13

    toorak13 Member

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    i think the ato already cracked down that already otherwise why would GOOGLE, EBAY etc comply with ATo.. (what was read on the news)
     

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