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  1. Paul@PFI

    US LLC or Aust Pty Ltd ?

    Incorrect. Worldwide income is taxable for an AUS resident. The IRS and ATO share data now.
  2. Paul@PFI

    US LLC or Aust Pty Ltd ?

    Anyone can open bank accounts or move $ after they satisfy ID requirements. The bank may impose withholding tax and will report transactions etc. Swift is used by many banks and financial institutions. There are also some emerging P2P services. Fees, charges and currency rates vary a bit so...
  3. Paul@PFI

    US LLC or Aust Pty Ltd ?

    You need personal tax advice that explains how a US LLC may invoke a tax problem with the IRS, ATO and ASIC. A LLC is a US entity. A LLC may be treated as a public company here and lead to all sorts of issues including Part IVA.
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