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Old 6th Dec 2007, 03:23
  #73 (permalink)  
Ralph the Bong
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VA and J* would have to offering a very good incentive to come back to Oz. Aside from living tax free overseas, any investments back in Australia are ticking over with a low tax rate.

Consider:

Own a house in an Australian capital city? Rent it out (at say, $400 per week)and the income is taxed at 29%, Feed that cash into a unit trust that returns on average 10% over 10 years or so and you're coming home to a golden pot.

Not only that, not everyone on contracts are paid in USD. many are paid in Yen, Euros, Rupees, Honko Dollars, ect ; EK boys might be interested if the Dirahm is still linked to the green back.

Sure the Aussie economy looks good at the moment, but how will things be in 3-5 years time? Things have never looked better for Contract Pilots. The contract world still overs the best and probably only chance for Australian pilots to have a career and retire as a multi-millionaire.