Paphitis wrote: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.
As I’ve said, you are not going to get taxed twice, but the USA wants to know what your financial interest are, accounts numbers, amount in value, address where account is kept, privately or jointly held.
Good luck with your interviews.
I just got back from San Francisco which the captain of Swiss thought it would be good idea to try and ride the strong Jetstream across North America and the Atlantic with 350km/hr tailwind to save about 45 minutes, but is was the bumpiest flight I have ever taken. It was never ending from about 3 hours after take off to about 2 hours before landing, almost 5 hours of heavy turbulence. They didn’t even serve coffee with breakfast as the flight attendants were strapped in their seats most of the time before breakfast, which was smooth flying by this time. I couldn’t eat anything after being what seemed like being in a “ tumble dryer” for 5 hours. Just needed coffee, but there wasn’t any.
I would have preferred if we arrived on scheduled time and flown the normal route over Greenland and Iceland, instead of across the open sea of the Atlantic.