air pressure & simmer
Sorry but as a former accountant I see no sinister plot by this government to introduce world wide tax for Australian citizens. All they are doing is essentially the closing of a tax loophole. This exemption was originally allowed only because it was assumed that the tax payer would be paying the tax on foreign earned income overseas. As it turned out most weren’t as the foreign tax authorities were generally considering the Australians as non resident for tax purposes. End result was no tax was being paid anywhere.