fed up

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Everything posted by fed up

  1. Sorry I haven't been following your posts on this (have just started reading SS again) but am wondering how you achieve this non-resident status if you are not actually living in Singapore. Are you travelling the world and just not spending 183 day in oz? My understanding is that you not only have to be resident and working overseas but also limit your trips back to Australia. My accountant suggested not more than 4 trips in a year. Apparently the tax department now has the ability to marry up the airport arrival declarations with your tax info. I know people who have lived 10 years o/s who are still concerned about their wives visiting children at boarding school in Australia as this could create a 'connection' to Australia and make the husband resident in Australia for tax purposes, even though his job is in another country. It's related to where you are domiciled and not just how many days you spend out of the country. Giving up voting rights, drivers licence, selling oz property and buying o/s property all helps establish that you intend to live permanently overseas. Would be interested to hear if you have had different advice. This issue keeps me awake at night!!
  2. All we need now is a car chase into the hold of a moving plane and the screenplay will be complete! I wonder who will play Assange, Tom Cruise, Matt Damon or my pick - Keifer Sutherland?
  3. I remember one of the early Womans Weekly cookbooks had that recipe - it was probably a bit basic. Husband went to the dim sum place today with work colleagues. Apparently the owner is the ex head chef of Four Seasons dim sum who has started own restaurants. One on the Kowloon side has a michelin star. They went at 11.45 and had to wait 45 mins, so expect to queue if you don't go before 11 or after 2.30-3.
  4. At the end of the day what is being delivered by the asian call centre or the asian IT people does not really fit the bill in terms of the australian/us consumer or high end business manager's expectations. But the desire to reduce costs and improve profit margins is king so the aussie/us co's have gone down this track. Whilst I think that the 'new' workers are intelligent, hardworking and capable I don't really think that outsourcing and offshoring is actually bringing much to the consumer ( lack of service/quality) and ultimately there will be a backlash (lack of jobs - leading back to quality/service) . Perhaps more importantly the worldwide market collapse (long recession/slow down - call it what you will) will focus much attention on the rise of Asia at the expense of the Western world. There will be a recognition that we have stuffed up and have no industries (either manufacturing or otherwise) because we outsourced it all for short term gain. Tariffs and protectionism will ensue.
  5. Hutong has great views and the 'beggars chicken' was fantastic as was a lamb dish which was a bit like a pork belly (roasted lamb skin instead of crackling). It's not cheap but neither is the other place you mentioned. Also, I know a private dining place that serves 8 courses (I think) of sichuan food, BYO, and the chef lady sings Chinese opera at the end of the meal. I could go on and on so let me know your budget and interests prior to Sept.
  6. Oh I do love you boys, naughty as you are! Sometimes have to keep you in check:blush:
  7. Yes Anders is very naughty boy!
  8. I googled that place and it looks very nice but I am sure it will be very expensive, and very western. I've got a new place I go to which is about $12 for lunch for two which is very authentic and recommended by a Chinese friend ( I was there last week). I don't know the name, just where it is, but I will go and find out for you. Send me a PM on what you want to do and I will give you some feedback. I wouldn't pay too much for dim sum and save your cash for some nice restaurants/bars like Hutong and Aqua/Sevva bars that have great views. Also if you like walking there are some very nice places off the tourist beaten track. Sept/Oct is a very good time to be here if that suits you.
  9. This thread conjures up images of 'in the drawing room, sitting in the chesterfield, smoking a cigar and drinking brandy'.... Seriously get in the real world you blokes. Maybe you should check out the stats on driving?
  10. Started my career many years ago working for Western Mining Corp and part of that was selling gold on the LME, hedging the proceeds etc. How times have changed! WMC taken over long ago and I get that, but now the LME is being bought out by the Chinese. It's a whole different ball game and speaks volumes to my mind about where things are going in the future.
  11. I live in HK and have been many times to Singapore to stay with people who live there but have also lived in HK. I have investigated and asked lots of questions about the possibility of moving there because we have twice been told that was going to happen, but it didn't eventuate. I also have many friends here in HK who lived previously in Singapore. Singapore is quite a nice place to live and is cleaner (air wise) and has a bit more space than HK in terms of the actual living areas. HK has a lot of green but living is quite compact with the space being walking trails over lots of green hills (most visitors don't see that part). The heat is relentless in Singapore but in HK you at least get some seasonal changes which are a welcome relief. It seems pretty much unanimous among those that have lived in both that they prefer HK. It's just a more vibrant and fun place and definitely preferable for singles.I'm not sure about the stats but it certainly seems like there are a lot more single expats here. If you like a drink and want to meet people there are a multitude of little bars and restaurants where it is normal to turn up and start talking to the people sharing your table. Singapore appears much more family orientated and people complain a lot about the lack of good places to go out. Eating of course is good in both. This could be a big incentive - No tax on alcohol in HK so you can buy wine from Australia and the rest of the world at very reasonable prices. Wine is very expensive in Singapore. Also better food ingredients here in HK. There's a supermarket called Great and it's great. You can get the best of the best from the four corners of the globe. It's not cheap but neither is Singapore for food. Generally I'd say food is cheaper here. English is more widely spoken in Singapore so that could be advantageous employment wise. The two places have similar tax regimes and are also keen to encourage entrepreneurs to start up businesses. I did a bit of investigation on starting a business here and it seems that if you can demonstrate that you're adding some value to the local economy and might employ people down the track then there are few barriers to entry. I'm not sure about the situation in Singapore but I do know a couple of people who have started businesses there so it's certainly doable. In terms of being employed by a firm, I think you need to be sponsored in both places. I gather there are huge numbers of IT personnel over the border in China who will work for a knock down price but I would think many companies would prefer the skills of a western trained IT person who understands how western businesses operate - same as it is in banking and other fields. I guess it depends on your target market for work. I'm sure that both would offer comparable business/work choices so maybe the decision comes down to which one has an available opportunity. However, work can't be the only consideration and socially I would highly recommend HK over Singapore, particularly for a single.
  12. Aussie bankers losing jobs but working for European banks mostly.
  13. Yes but so many of the wealthy here have businesses in China. Husband bus not hk centric. Of course anecdotal
  14. Same in Honkers
  15. Not seeing this in HK, all still seems buoyant. Husband's financing bus up 100% over budget this 1st qtr. I'm still bearish longer term.
  16. Definitely HK over Singapore if you're going Asia.
  17. Yes i do all of that and then come in for the kill when he is relaxed and unaware!!!
  18. It's not just men deciding they don't want the wife and kids, many women are also choosing the single life . I'm not sure whether opting for the single life is totally by design (they have analysed family life and think it not possible) or they have merely got used to the very nice and easy life they have as a singleton and haven't felt the urge to change. There could be an argument for saying that, as marriage in society has become much delayed, people have become more used to the freedom a single life entails. That's certainly a valid choice but I don't think that necessarily means that the alternative is untenable. I am not sure what you mean by 'this day and age', I can't imagine it was any easier in the past? The marital roles were more separate and the labour market less flexible but I don't think you can say that this was necessarily always a better arrangement. Men can actually reap some benefits from their wife working too, and I'm not just talking about the extra cash coming in that might afford a more comfortable lifestyle. For instance, fathers feel a huge responsibility to provide for their children, and when things don't go to plan it must be an enormous relief to know that the problem can be shared/solved. Income security is a concern for both sexes.
  19. Dare I delve into this minefield being the only woman (I think) responding here? There are a whole host of reasons women may want to stay in the workforce and they aren't all related to affording flat screen tellys and the like. Mostly they are about security - for the family income, for the woman herself and ultimately for the children. Unfortunately it is not easy to put the career, or any employment for that matter, on hold for many years, so women do have to look at how to achieve a compromise. Ideally women would like to be able to work part time so they can maintain a foot in each camp. Some would argue this means that neither job gets done terribly well but I do think women in this situation try extremely hard to make a success of it, sometimes at the expense of their own personal wellbeing. It's a nice ideal to think at 30 that partners will stay together (the divorce rate would suggest otherwise), that both partners will outlive their children's childhood (not a given), and that the husband will never be made redundant, but real life is often not ideal. I know many women dealing with these issues, and the ones that have maintained careers/jobs are in a much better position to take care of themselves and their children. There is no doubt also an intellectual compulsion to work, and for some women this is paramount and perhaps their children get sidelined for the sake of their career. I would think they are in the minority and that generally working mothers are very mindful of the impact their career/job has on their home life. Usually they will try to broker a mixed arrangement using some professional childcare, family and friends sharing, and some working from home where possible. The availability of professional care is the ultimate fall back position when all else fails and does allow people to actually commit to a job. In terms of the productivity of such an arrangement for society it depends on who provides the help and under what circumstances. When I worked I used a bit of professional childcare, my mother (retired) filled in some gaps and was paid, my cousin cleaned my house when he was home between flights, a student provided some childcare on days off from Uni etc. In many cases the individuals were not able to go out and take a full time job and the additional income was useful to their personal situation. I did cleaning when I was a student, and I am planning to help out my brother and his wife with some childcare next year so that she can manage to maintain her career. I really don't think my children have been adversely impacted by my working when they were younger. They clearly don't remember it being a problem and funnily they now think I have been just a 'housewife' all their life! Even though I have more time now I don't actually get too involved as I think a certain amount of independance is a good thing. I welcome government initiatives that help people deal with the very real working situation we have in our society. I am not sure that Tony's policy is a result of any actual caring or empathy on this part, as he is definitely in the women should be barefoot in the kitchen camp. However, he has realised he has alienated a large portion of the voting public with his religiously orientated views on women, their rights and their role in society. If we have to have him lets at least get some concessions.
  20. Good memory Bernie - Tai Tai - funny I just told my husband tonight in no uncertain terms - 4 years tai tai I've had enough! I just can't endure one more expat wife lunch or mahjong session without screaming at the top of my lungs. And I want to know - do all bankers live in Mosman Sydney, and did they all go to Riverview and will their sons all do ditto? Seriously these people all so f'ing boring. I may have had one or two wines:) , but still I think my comments valid.
  21. It's actually a little more complicated than that, although it's not entirely clear from the tax legislation. You need to read the rules and examples the ato gives and consult a good international tax accountant. To be considered non-resident you must show your intent to live permanently in another country which is not the same as living 1/2 and 1/2 in Australia and somewhere else. They look at all sorts of things like owning property, maintaining bank accounts, etc, etc. I could go on but it's certainly something that needs careful consideration and really good advice.The local accountant would not be sufficient as it's a complex area needing specialist skills.
  22. However, there is a slight difference in scale in the present environment. We have billions more people and the use of oil is so widespread (transport,plastics,food production etc) that any spike in price now has a much more dramatic effect than a spike in the whale oil price.There's no doubt alternatives will be expoited and comparatively more money will be spent on research than in the whale oil days , but still the scale of the energy need and the infrastructure required means that it will be far from a 'short lived' rough transition.
  23. Ratings agencies are provided with information by the company and they also look at industry information that is publicly available.
  24. We have been watching and waiting for a long time now and probably expected things to change much quicker than has occured. These commentators have maintained their cool and continue to appear quite sensible in their discussion when they probably want to scream from the rooftops. It's going to take a long, long time for things to play out as we expect but we have been vindicated, unfortunately it is happening.