That’s a key recommendation of the first proposed rewrite in 80 years of the “uncertain and complex” tax rules that govern residency, which was released by the federal government on Monday.
Read the full article at the Australian Financial Review.
Tax crackdown to catch ’residents of nowhere’
Foreign-based executives of ASX companies, globe-trotting investors and professional sports stars will be automatically taxed as Australian residents if they spend more than 183 days here in any 12-month period.
