Detecting West Australian Gold
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Perth mint charges GST on coins minted in gold and silver to Australians but foreign investors pay no tax

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Perth mint charges GST on coins minted in gold and silver to Australians but foreign investors pay no tax Empty Perth mint charges GST on coins minted in gold and silver to Australians but foreign investors pay no tax

Post by Guest Sat 24 Aug 2013, 11:40 pm

Plus the Australian government gives a perth mint silver coin a value of 1 aussie dollar but charges over 3dollars in gst fees at current rates.Plus dealers fee: and redeeming this as being legal tender at any financial institution in australia for 1 dollar ( if you are silly enough to do it) instead of selling it back to the mint or a bullion dealer for its current silver value. ( the aussie government tries to screw u at all avenues.........

aussies buy 10k in gold coins -------foreigners get it gst free for 9k

100 million in gold coins to foreigners--------  means to government loss 10 million in GST revenue.

Now make that figure about 4.5 billion a year and that is a loss of 450million a year......in federal government revenues......


Remember this is in coin form and not bullion form........


Last edited by jitteryjim on Sun 25 Aug 2013, 8:59 pm; edited 1 time in total

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Perth mint charges GST on coins minted in gold and silver to Australians but foreign investors pay no tax Empty Re: Perth mint charges GST on coins minted in gold and silver to Australians but foreign investors pay no tax

Post by Guest Sun 25 Aug 2013, 7:59 am

When departing Australia, non-Australians such as international tourists can recoup all their GST from the ATO or Customs. They simply complete a form, attach the receipts and get the money back.

No different really,

Cat

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