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A Hidden Paradise With No Taxes

Discuss culture, living, traveling, relocating, dating or anything related to Australia, New Zealand and the Oceania region.

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Taco
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A Hidden Paradise With No Taxes

Post by Taco » June 21st, 2013, 1:38 am

Norfolk Island is one of the few English speaking countries with no taxes.

A Hidden Paradise With No Taxes
http://www.sovereignman.com/offshore/a- ... tax-12086/

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Cornfed
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Post by Cornfed » June 21st, 2013, 2:27 am

Like a lot of remote places, it is a paradise but for the lack of one thing: money. If I could earn lots of money over the Internet I would consider either living there or in Svalbard. Then again, various texts say the only way of surviving what is coming is to live in the mountains...

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Teal Lantern
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Re: A Hidden Paradise With No Taxes

Post by Teal Lantern » June 21st, 2013, 2:37 am

Taco wrote:Norfolk Island is one of the few English speaking countries with no taxes.

A Hidden Paradise With No Taxes
http://www.sovereignman.com/offshore/a- ... tax-12086/


Wherever people and prosperity go, the tax man will follow.
It should say "No taxes, ... yet."

It starts out as "soak the rich", but everyone else gets hosed, too.
не поглеждай назад. 8)

"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything

momopi
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Post by momopi » June 21st, 2013, 10:09 pm

The wealthy folks today have numerous financial services available to them, where teams of specialists spend their working hours to figure out how to optimize wealth and reduce tax liabilities. They do not need to flee to Norfolk island just to reduce their tax burden.

ragequit
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Post by ragequit » June 22nd, 2013, 2:32 am

momopi wrote:The wealthy folks today have numerous financial services available to them, where teams of specialists spend their working hours to figure out how to optimize wealth and reduce tax liabilities. They do not need to flee to Norfolk island just to reduce their tax burden.


True. That's why they don't. Many billionaires pay little or no personal tax because everything owned through trusts and corporations.

Norfolk Island's autonomy and tax-free status are regularly threatened by the Australian government, so I wouldn't count it either lasting.

haiqu
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Re: A Hidden Paradise With No Taxes

Post by haiqu » April 5th, 2017, 5:27 pm

It's an isolated shithole. It is also now part of New South Wales, and as such subject to Australian taxation.

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Cornfed
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Re: A Hidden Paradise With No Taxes

Post by Cornfed » April 6th, 2017, 12:18 pm

haiqu wrote:It's an isolated shithole. It is also now part of New South Wales, and as such subject to Australian taxation.
Thanks for reminding me of this. Maybe I will go and live there for a while.

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Cornfed
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Re: A Hidden Paradise With No Taxes

Post by Cornfed » April 6th, 2017, 12:38 pm

Cornfed wrote:
haiqu wrote:It's an isolated shithole. It is also now part of New South Wales, and as such subject to Australian taxation.
Thanks for reminding me of this. Maybe I will go and live there for a while.
Then again, maybe not.

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