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All roads eventually lead to Cyprus...

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Re: All roads eventually lead to Cyprus...

Postby Kikapu » Thu Feb 06, 2020 8:03 am

Paphitis wrote:
Kikapu wrote:
Paphitis wrote:
Cap wrote:A 2 bedroom apartment starts at 1 million Euro.
It's not a case of slum, it's a case of exclusive of which none of you can afford anyway.
80% of the project has already been sold to investors.

If you're looking for slums, look at Athens.


I can afford one Cap, let me assure you.

The question you should ask is would I buy one? And the answer is NO..


I agree, Paphitis, who wants to live in a building which is no different than being in a hotel with hundreds of people coming and going everyday. Who needs that shit. Your home is meant to be your castle, your sanctuary where you can be away from the crowd. So it on the beach. Big f.....deal. :D


Been there done that Kikapu and still doing it as I stay in hotel rooms on average 3 days a week. It sucks balls. You even miss the simple things like home cooked meals believe it or not. People think it's a glamorous lifestyle I have but it isn't that at all when you get into your hotel room late and up with the sparrows to do it all again.

I would rather be home with my family.

Been thinking of walking away from aviation because of it. As much as I love Aviation, sometimes I just ask myself if it's worth it. I can do other things, the only down side is cash flow between pay checks. My old man started me of in property before I went chasing my dream. I could have become a builder.


I have stayed in hotel rooms of all stars ⭐️ more than I have had hot meals in my life and having to live in a hotel style condo would be no different, other than maybe seeing the same people over and over again while waiting for the elevator to come to your floor. Who needs that shit. :D

Aviation industry is not what it used to be 20, 30, 40 years ago and it will get worse for the pilots where the companies will work their pilot the get the last penny’s worth work out of them, so I understand you very well. It is the same in all transportation industry of any kind.
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Re: All roads eventually lead to Cyprus...

Postby Paphitis » Thu Feb 06, 2020 9:06 am

Kikapu wrote:
Paphitis wrote:
Kikapu wrote:
Paphitis wrote:
Cap wrote:A 2 bedroom apartment starts at 1 million Euro.
It's not a case of slum, it's a case of exclusive of which none of you can afford anyway.
80% of the project has already been sold to investors.

If you're looking for slums, look at Athens.


I can afford one Cap, let me assure you.

The question you should ask is would I buy one? And the answer is NO..


I agree, Paphitis, who wants to live in a building which is no different than being in a hotel with hundreds of people coming and going everyday. Who needs that shit. Your home is meant to be your castle, your sanctuary where you can be away from the crowd. So it on the beach. Big f.....deal. :D


Been there done that Kikapu and still doing it as I stay in hotel rooms on average 3 days a week. It sucks balls. You even miss the simple things like home cooked meals believe it or not. People think it's a glamorous lifestyle I have but it isn't that at all when you get into your hotel room late and up with the sparrows to do it all again.

I would rather be home with my family.

Been thinking of walking away from aviation because of it. As much as I love Aviation, sometimes I just ask myself if it's worth it. I can do other things, the only down side is cash flow between pay checks. My old man started me of in property before I went chasing my dream. I could have become a builder.


I have stayed in hotel rooms of all stars ⭐️ more than I have had hot meals in my life and having to live in a hotel style condo would be no different, other than maybe seeing the same people over and over again while waiting for the elevator to come to your floor. Who needs that shit. :D

Aviation industry is not what it used to be 20, 30, 40 years ago and it will get worse for the pilots where the companies will work their pilot the get the last penny’s worth work out of them, so I understand you very well. It is the same in all transportation industry of any kind.


No it's not. The regulators are changing things constantly with regard to Flight and Duty Times and Fatigue Management.

The regulators worldwide are pretty much in bedfellows with the industry and airlines. I guess if they don't change things the traveling public will be tortured and find themselves stranded at airports and that costs business Billions globally.

Money is still good, but also notice a lot of the older guys with lots of experience leaving and getting filled by younger guys with no experience. That just makes the chronic shortage even worse.

Things are getting very crazy in America, China and Middle east as well with Airlines in a frenzy offering up just about anything to get pilots.

I just got a phone call from a US Recruiter for United. A B737 pilot who just got in his hotel room and was having a beer (yeh living in hotel rooms is the norm) and he is going to email the recruiters and take it from there.

It's a 2 interview process. First one is HR, second one is an Aircrew Tech Interview and he told me if your familiar with Jeppessen Charts (which I am) it will be a piece of cake, and then some FAR 121 questions. Then the VISA process takes 2 months, and before you no it your on a flight to LA. Family gets VISAS too.

He also told me you can get citizenship as early as 6 months because some Australians have done it. The immigration laws are pretty easy for Australian Citizens I was told.

But do I really want to do it? I dunno...But I am going to get interviewed and see what's on offer.

That guy who called me up gets a headhunters fee/bonus as well believe it or not. He could get 50k himself into his bank account.

If I do it, I think I can only handle 5 years max. Sitting in the seat for a 1000 hours per year is pretty tough. And getting boring too with all the automation.
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Re: All roads eventually lead to Cyprus...

Postby Kikapu » Thu Feb 06, 2020 2:43 pm

I hear you, Paphitis. United Airlines has just bought out a Flight school in the USA so that they can run it themselves to produce about 300 new pilots a year. First by any airline in the USA. The course would run about 1 year and cost about $100,000 per student. Most likely other airlines in the USA will do the same soon.

Just to let you know, anyone who is a US citizen or a Green Card holder must include ALL their world’s worth over $50,000 USD to the IRS and pay tax on it if needed. You must declare ALL your bank accounts and how much you have in them. You will need to file 3 separate tax forms every year, rain or shine. The fact that you are paying taxes in Australia at the same time, then you will file more tax papers to get credit from one country to the other. If and when you decide to give up your USA citizenship, you are still obligated to file US tax papers and pay taxes if due for another two years from the time you have given up your US citizenship.
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Re: All roads eventually lead to Cyprus...

Postby Paphitis » Sat Feb 08, 2020 4:36 am

Kikapu wrote:I hear you, Paphitis. United Airlines has just bought out a Flight school in the USA so that they can run it themselves to produce about 300 new pilots a year. First by any airline in the USA. The course would run about 1 year and cost about $100,000 per student. Most likely other airlines in the USA will do the same soon.

Just to let you know, anyone who is a US citizen or a Green Card holder must include ALL their world’s worth over $50,000 USD to the IRS and pay tax on it if needed. You must declare ALL your bank accounts and how much you have in them. You will need to file 3 separate tax forms every year, rain or shine. The fact that you are paying taxes in Australia at the same time, then you will file more tax papers to get credit from one country to the other. If and when you decide to give up your USA citizenship, you are still obligated to file US tax papers and pay taxes if due for another two years from the time you have given up your US citizenship.


Well that's a game changer for me. Pay tax in the USA and Australia. Don't like the sound of that.

If I go over, I will be a permanent US resident for tax purposes so it makes sense I pay tax over there like everyone else. But wasn't aware I will pay tax on any other income which is taxed in Australia.

I don't mind if I have to pay US tax afterwards for a short period. They can't really tax you when you don't earn because you have quit your job.

But if I can get the US Citizenship, it's just so I can get it for my kids, in case they need it in life.

There are so many things I like about the US. The most important thing is its a melting pot and the Americans are now employing are lot of new best practices which the Australians are very slow to implement.

Yes I head about the United School. that one is for Cadets with no experience at all. I'm being interviewed for the Direct Entry path. 3 months of training. Within that quite a few weeks of Ground School before you see the Sim. Got to do all the exams, fill out all the FAA forms for our licence, sit FAA Air Law, Aircraft Systems, and then 10 x 2 hour sessions in the simulator and then it's on the line flying with passengers with another Supervisory Training Captain in the right seat for 100 hours.

They are targeting a lot of Australian pilots right now and was told it isn't uncommon to find that half the pilots on my course are Australians. Pass rate for Australians is greater than 90%

I've been speaking to one of their captains now. All pilots are being paid these massive referral bonuses for just referring pilots to their airline, so this guy wants me to be interviewed and is asking me how I would feel about moving to the States. They are getting our numbers from a variety of places, such as from the Union, Airline Apps recruitment portal, and from other Aussie Pilots.

He is also telling me about the recruitment process and getting into very fine detail as well. It's real interesting how the do it over there.
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Re: All roads eventually lead to Cyprus...

Postby Kikapu » Sat Feb 08, 2020 6:03 am

Paphitis wrote:
Kikapu wrote:I hear you, Paphitis. United Airlines has just bought out a Flight school in the USA so that they can run it themselves to produce about 300 new pilots a year. First by any airline in the USA. The course would run about 1 year and cost about $100,000 per student. Most likely other airlines in the USA will do the same soon.

Just to let you know, anyone who is a US citizen or a Green Card holder must include ALL their world’s worth over $50,000 USD to the IRS and pay tax on it if needed. You must declare ALL your bank accounts and how much you have in them. You will need to file 3 separate tax forms every year, rain or shine. The fact that you are paying taxes in Australia at the same time, then you will file more tax papers to get credit from one country to the other. If and when you decide to give up your USA citizenship, you are still obligated to file US tax papers and pay taxes if due for another two years from the time you have given up your US citizenship.


Well that's a game changer for me. Pay tax in the USA and Australia. Don't like the sound of that.

If I go over, I will be a permanent US resident for tax purposes so it makes sense I pay tax over there like everyone else. But wasn't aware I will pay tax on any other income which is taxed in Australia.

I don't mind if I have to pay US tax afterwards for a short period. They can't really tax you when you don't earn because you have quit your job.

But if I can get the US Citizenship, it's just so I can get it for my kids, in case they need it in life.

There are so many things I like about the US. The most important thing is its a melting pot and the Americans are now employing are lot of new best practices which the Australians are very slow to implement.

Yes I head about the United School. that one is for Cadets with no experience at all. I'm being interviewed for the Direct Entry path. 3 months of training. Within that quite a few weeks of Ground School before you see the Sim. Got to do all the exams, fill out all the FAA forms for our licence, sit FAA Air Law, Aircraft Systems, and then 10 x 2 hour sessions in the simulator and then it's on the line flying with passengers with another Supervisory Training Captain in the right seat for 100 hours.

They are targeting a lot of Australian pilots right now and was told it isn't uncommon to find that half the pilots on my course are Australians. Pass rate for Australians is greater than 90%

I've been speaking to one of their captains now. All pilots are being paid these massive referral bonuses for just referring pilots to their airline, so this guy wants me to be interviewed and is asking me how I would feel about moving to the States. They are getting our numbers from a variety of places, such as from the Union, Airline Apps recruitment portal, and from other Aussie Pilots.

He is also telling me about the recruitment process and getting into very fine detail as well. It's real interesting how the do it over there.


I would advice you to talk to a tax expert in Australia who deals with USA tax laws for expats. It will cost you about AU$400 for an hour, but it will be worth it.

Also, just in case you do not declare some of your bank accounts to the IRS in the US as a Green Card holder or as a US citizen, once they find out you have been holding out on them, they will raid your account and remove 50% of the cash for starters, then they will prosecute you for the rest. I cannot emphasizes enough to you, that if you have more than $50,000 USD equivalent of deposits and stocks, which also includes your company pension, please please let the IRS know. It is much much cheaper on the long run for you and your family.
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Re: All roads eventually lead to Cyprus...

Postby Paphitis » Sat Feb 08, 2020 6:14 am

Kikapu wrote:
Paphitis wrote:
Kikapu wrote:I hear you, Paphitis. United Airlines has just bought out a Flight school in the USA so that they can run it themselves to produce about 300 new pilots a year. First by any airline in the USA. The course would run about 1 year and cost about $100,000 per student. Most likely other airlines in the USA will do the same soon.

Just to let you know, anyone who is a US citizen or a Green Card holder must include ALL their world’s worth over $50,000 USD to the IRS and pay tax on it if needed. You must declare ALL your bank accounts and how much you have in them. You will need to file 3 separate tax forms every year, rain or shine. The fact that you are paying taxes in Australia at the same time, then you will file more tax papers to get credit from one country to the other. If and when you decide to give up your USA citizenship, you are still obligated to file US tax papers and pay taxes if due for another two years from the time you have given up your US citizenship.


Well that's a game changer for me. Pay tax in the USA and Australia. Don't like the sound of that.

If I go over, I will be a permanent US resident for tax purposes so it makes sense I pay tax over there like everyone else. But wasn't aware I will pay tax on any other income which is taxed in Australia.

I don't mind if I have to pay US tax afterwards for a short period. They can't really tax you when you don't earn because you have quit your job.

But if I can get the US Citizenship, it's just so I can get it for my kids, in case they need it in life.

There are so many things I like about the US. The most important thing is its a melting pot and the Americans are now employing are lot of new best practices which the Australians are very slow to implement.

Yes I head about the United School. that one is for Cadets with no experience at all. I'm being interviewed for the Direct Entry path. 3 months of training. Within that quite a few weeks of Ground School before you see the Sim. Got to do all the exams, fill out all the FAA forms for our licence, sit FAA Air Law, Aircraft Systems, and then 10 x 2 hour sessions in the simulator and then it's on the line flying with passengers with another Supervisory Training Captain in the right seat for 100 hours.

They are targeting a lot of Australian pilots right now and was told it isn't uncommon to find that half the pilots on my course are Australians. Pass rate for Australians is greater than 90%

I've been speaking to one of their captains now. All pilots are being paid these massive referral bonuses for just referring pilots to their airline, so this guy wants me to be interviewed and is asking me how I would feel about moving to the States. They are getting our numbers from a variety of places, such as from the Union, Airline Apps recruitment portal, and from other Aussie Pilots.

He is also telling me about the recruitment process and getting into very fine detail as well. It's real interesting how the do it over there.


I would advice you to talk to a tax expert in Australia who deals with USA tax laws for expats. It will cost you about AU$400 for an hour, but it will be worth it.

Also, just in case you do not declare some of your bank accounts to the IRS in the US as a Green Card holder or as a US citizen, once they find out you have been holding out on them, they will raid your account and remove 50% of the cash for starters, then they will prosecute you for the rest. I cannot emphasizes enough to you, that if you have more than $50,000 USD equivalent of deposits and stocks, which also includes your company pension, please please let the IRS know. It is much much cheaper on the long run for you and your family.


I can do better than that. I am talking through an agent now who specializes with all this stuff and does all the immigration and VISA stuff.

The VISA is an E3 VISA but I have been told it can be converted to some other type of VISA (GREEN Card?) and that the citizenship process can be fast tracked because of my Australian Citizenship. Don't know if that is true or not. I may need to go outside of US borders to apply or may not but apparently I could do that on an overnight into Canada.

Oh look, I will declare if I have to, but I don't see the point of double taxation. It will be a bye bye from me probably.

Aside from the money, I am enjoying dealing with this airline through the Captain/recruiter I am talking to. They don't want to see anyone not get through or signing on the bottom line.

I wish it was like that in Australia. I'm getting very positive vibes from them. They usually get an Australian to speak to us but this guy is an American living in Dallas. Real nice guy. We facetimed 3 times so far and he is giving me all the information I need. Building a nice rapport with this gentleman who obviously wants me to get in because he gets a nice payday out of it too.

What I know is that when you declare you have migrated from Australia to live in an other country, then your income isn't taxed in Australia. So effectively I am trading in Australian Tax laws for US Tax Laws. Need to check it out though.

All I can say is that the Yanks got there shit together right down to Embassy Liaisons, to immigration, and mentor support. They have done this a hundred times before so they got it down pat like a sausage factory. They even have agents processing and filling out all the forms. very professional and well oiled machine.
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Re: All roads eventually lead to Cyprus...

Postby Kikapu » Sat Feb 08, 2020 8:04 pm

Paphitis wrote:
Kikapu wrote:
Paphitis wrote:
Kikapu wrote:I hear you, Paphitis. United Airlines has just bought out a Flight school in the USA so that they can run it themselves to produce about 300 new pilots a year. First by any airline in the USA. The course would run about 1 year and cost about $100,000 per student. Most likely other airlines in the USA will do the same soon.

Just to let you know, anyone who is a US citizen or a Green Card holder must include ALL their world’s worth over $50,000 USD to the IRS and pay tax on it if needed. You must declare ALL your bank accounts and how much you have in them. You will need to file 3 separate tax forms every year, rain or shine. The fact that you are paying taxes in Australia at the same time, then you will file more tax papers to get credit from one country to the other. If and when you decide to give up your USA citizenship, you are still obligated to file US tax papers and pay taxes if due for another two years from the time you have given up your US citizenship.


Well that's a game changer for me. Pay tax in the USA and Australia. Don't like the sound of that.

If I go over, I will be a permanent US resident for tax purposes so it makes sense I pay tax over there like everyone else. But wasn't aware I will pay tax on any other income which is taxed in Australia.

I don't mind if I have to pay US tax afterwards for a short period. They can't really tax you when you don't earn because you have quit your job.

But if I can get the US Citizenship, it's just so I can get it for my kids, in case they need it in life.

There are so many things I like about the US. The most important thing is its a melting pot and the Americans are now employing are lot of new best practices which the Australians are very slow to implement.

Yes I head about the United School. that one is for Cadets with no experience at all. I'm being interviewed for the Direct Entry path. 3 months of training. Within that quite a few weeks of Ground School before you see the Sim. Got to do all the exams, fill out all the FAA forms for our licence, sit FAA Air Law, Aircraft Systems, and then 10 x 2 hour sessions in the simulator and then it's on the line flying with passengers with another Supervisory Training Captain in the right seat for 100 hours.

They are targeting a lot of Australian pilots right now and was told it isn't uncommon to find that half the pilots on my course are Australians. Pass rate for Australians is greater than 90%

I've been speaking to one of their captains now. All pilots are being paid these massive referral bonuses for just referring pilots to their airline, so this guy wants me to be interviewed and is asking me how I would feel about moving to the States. They are getting our numbers from a variety of places, such as from the Union, Airline Apps recruitment portal, and from other Aussie Pilots.

He is also telling me about the recruitment process and getting into very fine detail as well. It's real interesting how the do it over there.


I would advice you to talk to a tax expert in Australia who deals with USA tax laws for expats. It will cost you about AU$400 for an hour, but it will be worth it.

Also, just in case you do not declare some of your bank accounts to the IRS in the US as a Green Card holder or as a US citizen, once they find out you have been holding out on them, they will raid your account and remove 50% of the cash for starters, then they will prosecute you for the rest. I cannot emphasizes enough to you, that if you have more than $50,000 USD equivalent of deposits and stocks, which also includes your company pension, please please let the IRS know. It is much much cheaper on the long run for you and your family.


I can do better than that. I am talking through an agent now who specializes with all this stuff and does all the immigration and VISA stuff.

The VISA is an E3 VISA but I have been told it can be converted to some other type of VISA (GREEN Card?) and that the citizenship process can be fast tracked because of my Australian Citizenship. Don't know if that is true or not. I may need to go outside of US borders to apply or may not but apparently I could do that on an overnight into Canada.

Oh look, I will declare if I have to, but I don't see the point of double taxation. It will be a bye bye from me probably.

Aside from the money, I am enjoying dealing with this airline through the Captain/recruiter I am talking to. They don't want to see anyone not get through or signing on the bottom line.

I wish it was like that in Australia. I'm getting very positive vibes from them. They usually get an Australian to speak to us but this guy is an American living in Dallas. Real nice guy. We facetimed 3 times so far and he is giving me all the information I need. Building a nice rapport with this gentleman who obviously wants me to get in because he gets a nice payday out of it too.

What I know is that when you declare you have migrated from Australia to live in an other country, then your income isn't taxed in Australia. So effectively I am trading in Australian Tax laws for US Tax Laws. Need to check it out though.

All I can say is that the Yanks got there shit together right down to Embassy Liaisons, to immigration, and mentor support. They have done this a hundred times before so they got it down pat like a sausage factory. They even have agents processing and filling out all the forms. very professional and well oiled machine.

You will not be double taxed by USA and Australia on what their rates are, but you may be taxed on the difference. American citizens and Green Card holders working abroad are allowed about $104,000 dollars earnings tax free as you would get tax income credit. With deductions that amount will be higher. You working in the USA, you need to find out how much Australia allows it’s citizens to earn abroad before they have tax obligations at home. My guess is the taxes in Australia are higher than in the USA at your high income level. You will need to file lots and lots of tax papers more than likely to offset one tax rate over the other. Now, if Australia does not tax it’s citizens working abroad, then that will be good for you, but you still need to report whatever monies, bank accounts, investments, dividends, capital gains and so on in your many IRS tax form returns every year. I have already told you the penalties if you do not if found out. Good luck.
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Re: All roads eventually lead to Cyprus...

Postby Paphitis » Sun Feb 09, 2020 1:20 am

Kikapu wrote:
Paphitis wrote:
Kikapu wrote:
Paphitis wrote:
Kikapu wrote:I hear you, Paphitis. United Airlines has just bought out a Flight school in the USA so that they can run it themselves to produce about 300 new pilots a year. First by any airline in the USA. The course would run about 1 year and cost about $100,000 per student. Most likely other airlines in the USA will do the same soon.

Just to let you know, anyone who is a US citizen or a Green Card holder must include ALL their world’s worth over $50,000 USD to the IRS and pay tax on it if needed. You must declare ALL your bank accounts and how much you have in them. You will need to file 3 separate tax forms every year, rain or shine. The fact that you are paying taxes in Australia at the same time, then you will file more tax papers to get credit from one country to the other. If and when you decide to give up your USA citizenship, you are still obligated to file US tax papers and pay taxes if due for another two years from the time you have given up your US citizenship.


Well that's a game changer for me. Pay tax in the USA and Australia. Don't like the sound of that.

If I go over, I will be a permanent US resident for tax purposes so it makes sense I pay tax over there like everyone else. But wasn't aware I will pay tax on any other income which is taxed in Australia.

I don't mind if I have to pay US tax afterwards for a short period. They can't really tax you when you don't earn because you have quit your job.

But if I can get the US Citizenship, it's just so I can get it for my kids, in case they need it in life.

There are so many things I like about the US. The most important thing is its a melting pot and the Americans are now employing are lot of new best practices which the Australians are very slow to implement.

Yes I head about the United School. that one is for Cadets with no experience at all. I'm being interviewed for the Direct Entry path. 3 months of training. Within that quite a few weeks of Ground School before you see the Sim. Got to do all the exams, fill out all the FAA forms for our licence, sit FAA Air Law, Aircraft Systems, and then 10 x 2 hour sessions in the simulator and then it's on the line flying with passengers with another Supervisory Training Captain in the right seat for 100 hours.

They are targeting a lot of Australian pilots right now and was told it isn't uncommon to find that half the pilots on my course are Australians. Pass rate for Australians is greater than 90%

I've been speaking to one of their captains now. All pilots are being paid these massive referral bonuses for just referring pilots to their airline, so this guy wants me to be interviewed and is asking me how I would feel about moving to the States. They are getting our numbers from a variety of places, such as from the Union, Airline Apps recruitment portal, and from other Aussie Pilots.

He is also telling me about the recruitment process and getting into very fine detail as well. It's real interesting how the do it over there.


I would advice you to talk to a tax expert in Australia who deals with USA tax laws for expats. It will cost you about AU$400 for an hour, but it will be worth it.

Also, just in case you do not declare some of your bank accounts to the IRS in the US as a Green Card holder or as a US citizen, once they find out you have been holding out on them, they will raid your account and remove 50% of the cash for starters, then they will prosecute you for the rest. I cannot emphasizes enough to you, that if you have more than $50,000 USD equivalent of deposits and stocks, which also includes your company pension, please please let the IRS know. It is much much cheaper on the long run for you and your family.


I can do better than that. I am talking through an agent now who specializes with all this stuff and does all the immigration and VISA stuff.

The VISA is an E3 VISA but I have been told it can be converted to some other type of VISA (GREEN Card?) and that the citizenship process can be fast tracked because of my Australian Citizenship. Don't know if that is true or not. I may need to go outside of US borders to apply or may not but apparently I could do that on an overnight into Canada.

Oh look, I will declare if I have to, but I don't see the point of double taxation. It will be a bye bye from me probably.

Aside from the money, I am enjoying dealing with this airline through the Captain/recruiter I am talking to. They don't want to see anyone not get through or signing on the bottom line.

I wish it was like that in Australia. I'm getting very positive vibes from them. They usually get an Australian to speak to us but this guy is an American living in Dallas. Real nice guy. We facetimed 3 times so far and he is giving me all the information I need. Building a nice rapport with this gentleman who obviously wants me to get in because he gets a nice payday out of it too.

What I know is that when you declare you have migrated from Australia to live in an other country, then your income isn't taxed in Australia. So effectively I am trading in Australian Tax laws for US Tax Laws. Need to check it out though.

All I can say is that the Yanks got there shit together right down to Embassy Liaisons, to immigration, and mentor support. They have done this a hundred times before so they got it down pat like a sausage factory. They even have agents processing and filling out all the forms. very professional and well oiled machine.

You will not be double taxed by USA and Australia on what their rates are, but you may be taxed on the difference. American citizens and Green Card holders working abroad are allowed about $104,000 dollars earnings tax free as you would get tax income credit. With deductions that amount will be higher. You working in the USA, you need to find out how much Australia allows it’s citizens to earn abroad before they have tax obligations at home. My guess is the taxes in Australia are higher than in the USA at your high income level. You will need to file lots and lots of tax papers more than likely to offset one tax rate over the other. Now, if Australia does not tax it’s citizens working abroad, then that will be good for you, but you still need to report whatever monies, bank accounts, investments, dividends, capital gains and so on in your many IRS tax form returns every year. I have already told you the penalties if you do not if found out. Good luck.


The tax rate in Australia depends on how you declare your status Kikapu. If I declare that I have permanently migrated to the USA, then I don't pay any tax in Australia other than what is earned in Australia which is payable under corporations tax. My only income in Australia which would be taxed is what I earn through other corporation entities I own or have an interest in. And it depends on how I distribute any profits on paper. I can distribute them to other family members on paper, which is what I do now because I am on the high tax bracket.

Yes the tax in Australia is higher than the US. I will definitely ask, but I believe if I work in the US, my tax obligations will be to the US Government and the State in which I reside in as a permanent resident. Not to Australia. If I come back to Australia, there is a chance I could get a tax bill from Australia but I think that is very minimal as I wouldn't have been living in Australia at the time.

The company taxes payable to Australia will not be taxed in the US. I don't think the US can touch any of that, as the entities are not me. They come under a different set of criteria.

Anyhow, I do have an accountant. So I will be asking them and if I don't get an answer for them, there is an Australian/US agent called pinstripe solutions, who basically will be doing all my VISA and immigration stuff if I get that far and they will also know all the tax obligations. This whole Australian Pilot recruiting process has become an industry in itself now with middle men, agents, recruiters. there is a lot of infrastructure and support because they want us in the US. A lot of people on the gravy train getting paid by the airlines for each pilot they manage to get through the door.

They do everything from getting us social security numbers, to our VISA and even give us the questions to the interview. They also arrange our Embassy Interview and even come along and do all the talking. I've never seen anything so well organized. I got to say, they seem to be very organized even with the smallest details.

If all things go well, I would like to buy as a condo or something in New York (Queens, Astoria or White Stone). We got relatives there and one of them is a real estate agent and I have been receiving emails from her for years. It also helps that my wife is a New York fanatic and loves the place. Her favorite city in the world. I would prefer West Coast or Philadelphia which isn't far but I think I got to keep the wife happy in this scenario otherwise it's an unhappy life. Also, if the kids want to do the US thing for a while, they can stay there. Maybe attend university (???) or work there.
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Paphitis
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Re: All roads eventually lead to Cyprus...

Postby Kikapu » Sun Feb 09, 2020 4:47 pm

Paphitis, this is for you.
84A1096D-DC5E-495C-B37E-29A1409374EC.png

9157EB62-0E19-4BAA-85D7-08A5FCA15486.png
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Re: All roads eventually lead to Cyprus...

Postby Paphitis » Tue Feb 11, 2020 12:19 am

Thanks Kikapu.

I certainly won't be risking any criminal conviction so will comply with all US Laws - including tax declaration obligations.

What is unclear though is how they tax individuals like myself as I don't have any flush personal accounts in Australia.

I do have however, some business accounts, and also some loans. These are registered in Australia and hence tax is paid and levied on any profit at the company tax rate.

I doubt the US is able to tax these Australian Registered Companies. But I will definitely ask what my obligations are and whether I should declare them or if it only applies to personal accounts. Whatever the case may be, I will be following the letter of the law.

Process is starting to get real now. They have been in tough with me overnight via email, and want me to specify a time for the first interview.

The US Agent, has also been in contact this morning telling me they will be in touch shortly and tell me when the interview is so he can prepare me for it. So I sent him an email and awaiting his response.

Another interesting bit of information is that they have this Rotor Program where they are converting US Military Rotor Pilots to fix wing. They will be on course with us if we get there, but they start 3 months earlier at the Academy for their fix wing conversion. Failure rate is 25% for these guys as they got no fixed wing time, but they put in a lot of resources to get them through because most of them are vets as well.

The rest of the intake are all Australians apparently. failure rate among the Aussies is extremely low.

So the US Agent said I should have no problem at all fitting in with either group. The Aussies usually stick together and are clicky but he says you probably find a place in both groups.
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