Latest / Beyond Sovereignty / #042 - How To Never Pay Income Tax In Australia (2026 Guide)
Transcript
- 0:00Income tax isn't paid by everybody. Sanitarium Weet-Bix
- 0:04hasn't paid it in 125 years
- 0:07because a church owns it. Seven Day Adventists, Sports
- 0:12Girl, Cotton On, Coles, Woolies, JB Hi-Fi are
- 0:15all sitting behind a structure that doesn't pay it either.
- 0:19Most people believe income tax is just what you pay if
- 0:22you earn money in this country. But the reality is, income
- 0:25tax attaches to the structure you're in. not to
- 0:29you as the person. And there are four things you
- 0:32need to understand about who's exempt and how they got
- 0:35there. Over the past 20 years, I've helped hundreds of
- 0:39entrepreneurs to set up and run not-for-profit structures legally
- 0:43and compliantly. So in this episode, I'm going to be stepping you through
- 0:46what income tax actually is, who in this country
- 0:50doesn't pay it, and the email the ATO sent us
- 0:54the day they made one of our organisations tax exempt.
- 0:57You want to know how to not pay income tax? It's actually not that hard.
- 1:01Our system, our legislative system will tell you how if
- 1:05you're looking in the right places. So, learning to
- 1:08be income tax exempt is simple. All
- 1:11you need to know is what is income tax and who pays
- 1:15it and who doesn't pay it. So,
- 1:19income tax is for middle class people to pay
- 1:22taxes. Now, you don't have to
- 1:26be a middle income earning taxpayer. You
- 1:29can have structures that you direct that pay
- 1:33different taxes or that are tax exempt and
- 1:36it's completely up to you. Now, when you have structures set
- 1:40up the right way, you get messages from the ATO like
- 1:44this As you can see, this is from the Australian Tax Department
- 1:48and they have approved our charity and they have
- 1:51said, congratulations, you are now income
- 1:55tax exempt. If you would like further endorsements
- 1:59from the ATO, we would love to support you. Not
- 2:03only that, we're going to backdate you so
- 2:06that you are income tax exempt from six months ago.
- 2:11So when you know how to deal with your authorities in
- 2:14your country, whether that be Australia or another country, when you know
- 2:17how to deal with them, when you know what structures to set up, then
- 2:21you can be income tax exempt and you can avoid
- 2:25paying income tax legally and the government is
- 2:28there to just say, congratulations, you're doing a great job.
- 2:32Okay, now I'm also putting these other two organizations that are Australian
- 2:36well-known. So, in most local shopping centers, we've
- 2:39got a Sports Girl. Sports Girl is a retailer that is
- 2:43known everywhere across Australia. Now, look at their charity.
- 2:47This is how they offset taxes in Sports Girl. And
- 2:52you might be thinking, okay, maybe that's just one of these organisations, one
- 2:55of these retailers. In your local shopping centre in Australia,
- 2:59we've got Sports Girl, we've got Cotton On, we've got Woolworths, we've got
- 3:02Coles, we've got JB Hi-Fi. They all have
- 3:06charities and it's how they offset their taxes.
- 3:10So, then we've also got, and as you can see, these are multi-billion dollar charities.
- 3:14Then we've got the Pratt Foundation. Now, this is from Visi Packaging. Now,
- 3:18this is a very well-known Australian brand. Most people are like, who the hell's that? Look
- 3:21on all the freight trucks that go past, and anybody
- 3:25that's doing packaging, it comes generally from Visi Packaging, a lot of
- 3:28it in Australia. Weet-Bix, Australian sanitarium
- 3:32Weet-Bix. you probably have no
- 3:35idea that they have been an income tax entity for
- 3:40125 years. That's right, 125 years
- 3:43of Weet-Bix, Australia's number one morning cereal, is
- 3:47tax exempt because it is a charity. What
- 3:51the hell charity owns it? The Seven Day Adventist Church. The
- 3:55Seven Day Adventist Church of Australia owns Weet-Bix. Weet-Bix
- 3:59is its health promotion product. And
- 4:03this product is completely tax exempt. And
- 4:07the Seven Day Adventist Church, multi-billion dollar
- 4:11organisation because they don't pay tax.
- 4:15And all of that cash goes into their charity so
- 4:19that they don't have to pay any tax on it and they can spend it on whatever
- 4:23they would like. Now, I want to give you an
- 4:26example of this. One of my best friends, and
- 4:30she knows who she is, so one of my best friends, her
- 4:33son used to work for a church organisation, and
- 4:37they got flown all around the world to perform their
- 4:40music. How did that happen? How
- 4:44did they get wages? How did they travel the world? On
- 4:47the charitable donations from their congregation. The
- 4:52thing is, this is not a taboo subject. This
- 4:55is what every single elite is doing. Even
- 4:59just the McDonald's in East Queensland is a
- 5:02multi-billion dollar organisation. It's a
- 5:06charity, Ronald McDonald House, and that is one of many in
- 5:09Australia. Across the world, it
- 5:13must be in the trillions that they are making, because if each one
- 5:16of them is a multi-billion dollar organisation, that adds up
- 5:19to numbers that I have probably never even seen before. And
- 5:22again, these are either multi-million or multi-billion dollar
- 5:26charities. And all of their financial information is
- 5:30up on the ACNC website. Because you
- 5:33can deal with the ATO if you wanna pay income tax, or you
- 5:37can deal with the ACNC, which is another part of the government,
- 5:40which it stands for the Australian Not-for-Profit Commission.
- 5:45And the Australian Not-for-Profit Commission is who gives you
- 5:48other endorsements so that you can be income tax exempt. So
- 5:52why would you have a PTY LTD when you have to pay 30 to
- 5:5770% of every dollar you lose to taxes? When
- 6:00you could deal with the ACNC who will allow
- 6:04you to maintain that 30 to 70% and use
- 6:07it for your charitable purposes. Your next
- 6:11question might be, well, I'm not a charity. How could I be a charity?
- 6:15All you have to do is be of service and
- 6:18not be a profiteer. Now, you could be saying, but
- 6:22I want to be a profiteer. I want to profit. Do you? Because where's your
- 6:25money going to go? Is it going to go to your family? Is it going to go to your community? Is
- 6:28it going to go to investments? Is it going to go to property? Is it
- 6:32going to go to creating an impact and a legacy? Well, guess what?
- 6:35They're all charitable causes. You don't have to be in a PTYLTD
- 6:39paying tax for your, and losing all of that
- 6:43money that goes to the government. You have a choice in
- 6:46Australia and in every country around the world where your
- 6:49funds go. But you just need to work with somebody who's a little bit
- 6:53awake who can tell you other avenues for
- 6:56where your taxes can go. So, when you realize that
- 7:00income is just for people who
- 7:04want to pay tax, then you realise, okay, wow,
- 7:07there's another way that I can structure my whole life and all
- 7:11of my entities so I and they can be income tax
- 7:14exempt. I just want you to ponder this thought for a second. Can
- 7:18you imagine buying a property and
- 7:22your stamp duty exempt, and then your
- 7:26capital gains tax exempt. Imagine how many
- 7:29multiple six figures you would save in that one purchase and sell. And
- 7:33a lot of you are going, no, I'd be saving seven figures. Exactly. That
- 7:37is how you can save seven figures on every
- 7:41single flip of a house or a business. You
- 7:44just have to have the right structure purchasing. And
- 7:48when you have the right structure purchasing, then your structure and
- 7:51you get to be income tax exempt. Because you
- 7:55can own nothing and be
- 7:59happy. That's the point. This is not a taboo
- 8:02area. This is not fringe. This is not unknown to the government. It's
- 8:06just unknown to the middle class. because the government and
- 8:10all of these big corporations and entities, I'm talking
- 8:14BHP and all of the pharmaceutical companies. These
- 8:18are the big organizations that are doing this, and these
- 8:21are the ones that influence the government. Whilst many of us
- 8:24just wanna be influencers on Instagram, these organizations
- 8:28are influencing the government. And when we as the middle class
- 8:32step up and actually have the same entities
- 8:35that the elite do, then we can also, good-hearted, caring,
- 8:40kind people, can change the system that
- 8:43we really hate. So, don't ever fight the
- 8:47system, learn how to infiltrate it from the inside and influence it
- 8:50just like one of the corporations. Guys, I have got some amazing freebies
- 8:53for you. There is literally a webinar, there's resources, booklets,
- 8:57PDFs in there for you for free so that you can find out
- 9:01all about these amazing tax exemptions, right? So that's for all
- 9:04of you guys that just want more information, need to know more about it. But
- 9:07then there's some of you out there that are like, actually, I want to know about this. I
- 9:11want to be doing this right now. I wanted this 10 years ago before
- 9:14I lost a million dollars in DAX. How can I get this set up right now?
- 9:17And you're ready to go. You guys, go into my show notes
- 9:21and book a call in my calendar, because let's chat. You're