Brett Evans

And if you consider, let's talk about anyone else apart from the US-based expats, the process is pretty simple.

It's not like when you move overseas and you have to get

into the system, if that makes sense.

You're already in the system, you just left it, you put it on pause and you're coming back into it.

So you will have to spend a stupid amount of time at Centrelink and those sort of places to get your Medicare card going again.

Probably the most important things that a lot of people miss is when you come back to Australia and like by the sounds of it, been overseas for a while,

unknowingly expats get hit with the lifetime health cover loading premiums because obviously there's that penalty after age 30.

If you get what's called a passionate amendment record from the Department of Immigration or Home Affairs, you can show that you've been overseas and as long as you provide that to the private health insurer no more than 12 months after returning to Australia, they won't apply the LHC on your premiums.

So the US bit is – the US is one of the only two countries in the world, Eritrea being the other one that does citizenship-based taxation, which means you can leave the US, apparently live in Australia, but if you are a US citizen or a US green card holder, you still have –

obligations to report back to the irs in the in the um uh in the united states so what we find is folks trying to hold on to the green card thinking it's cool because it gives them optionality to go back now they've got h3 visas and those things it's ridiculous to hold on to a green card visa i'm sorry green card because all it means is you're paying uncle sam tax um

Fun fact for the folks out there, the residency-based taxation system started in the United States was to stop absconders during the Civil War in the US back in the 1800s.

And they've kept the same rule ever since.

So that's why Australia applies a residency-based.

Where do you live?

If you live in Australia and you earn Australian-sourced income, you pay tax on that.

If you live in Dubai like I do, I don't pay tax to the Australian tax office because I don't reside in that country.

That's going to be a big one.

And we've seen a massive escalation, the people renouncing their U.S.

citizenship because of that adhesive residency-based system that they apply.

So, yeah, there's actually a whole Facebook group set up now to get rid of your U.S.