Geof Nightingale: Independent tax expert on the new migrant tax rules - The Mike Hosking Breakfast

A view that new migrant tax rules will put us on par with other countries. 

The Government's proposing a bill to stop migrants being taxed on estimated overseas income and instead, only what they actually earn. 

Independent tax expert Geof Nightingale told Mike Hosking the current settings are a problem for high-value migrants, particularly now we have the Active Investor Plus scheme.  

He says these people usually have a portfolio of shares of other things around the world but we tax them on an annual basis, no matter if they sell. 

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