Originally Posted by
Gnadenburg
If you go the the States and remain an Australian resident for taxation are you taxed on income streams in Australia by the IRS? This isn’t an unlikely scenario for many commuters and with new residency legislation before the Senate widening the net. So how does your investment property and franked share portfolio fair?
My understanding is generally since the tax rates are higher in Australia, you'll likely pay extra Aus tax on any USD earned, but no US tax on AUD earned. I've seen some finance firms that specialize in this listed in the FB groups, but that's the extend of my knowledge about it. I'm sure someone will chime in with more accurate information.