Can I just add that (unfortunately) there are provisions in Australia's tax system that act in a similar way to Patrick's experience. The US is not unusual in that regard.
And sorry to hear about your shit experiences Clifford. Couldn't agree with you more: > I'm not saying it's bad advice for everyone, but please consider carefully. Cheers @mlr_ca For those interested: http://www.ato.gov.au/taxprofessionals/content.aspx?doc=/content/64063.htm On Oct 11, 6:59 pm, Clifford Heath <[email protected]> wrote: > On 10/10/2011, at 6:15 PM, Kurt Falkenstein wrote: > > > We do a lot of trust set ups for entrepreneurs. To follow on from what > > Adrian mentioned, setting these things up are not expensive or > > complicated - … > > I sincerely wish I had not followed advice along these lines, back in 1990. > We did eventually manage to wind up our trust, but only after spending > many $000, many hours filling unnecessary tax returns and answering > Centrelink questions on behalf of our tertiary student sons, and having > got nothing in return. > > > Clifford Heath. -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
