It is very common for People’s Republic of China (PRC) Investors to want to invest through either a Cayman Islands structure or British Virgin Islands (BVI) structure. It is very important for those investors to ensure that their assets are protected as much as possible and accountants dealing with high net worth Asian investors need [...]
Monthly article archives: August 2011
Medicare Levy and Expats
Australia has what is called a Medicare Levy. It currently applies to the taxable income of an individual who is an Australian resident for tax purposes. Ordinarily this would mean that an expat on a 457 Visa, who is classified as a temporary resident for tax purposes, would be liable for the Medicare Levy of [...]