there also lots of rules (tax laws) that fuck you over....double tax from two countries on same money...can't buy land or house as Australian in many overseas countries
if you never move outside of Australia if you never do business out side of Australia if you never invest out side of Australia
then there no reason to have offshore company or bank accounts....but if you do one of those 3 things, then you really need to get a good accounted, because you're very likely going get fuck by paying way to much tax
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