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What is a good country to easily stay long term to lose Australia tax residency while having 0 or minimal tax on my foreign income (gambling)

Reddit r/digitalnomad·u/External-Bid-7512·6 months ago
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#income#australia#gambling#country#easily
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Hi folks, hoping to seek some advice from those who would have more experience with this. I'm most likely going to seek professional advice in person but i'd like to get some quick opinions on these ideas first.

I currently have a stream of unofficial 'income' from gambling that may or may not be taxed in Australia. To minimize this I was thinking of moving to another country that is tax friendly on foreign income and I'd like to gauge which countries may be suitable. I have a preference for Asian countries as i'm Asian myself so I was thinking of Thailand, but I wasn't sure if I could qualify for any of the visas without holding an actual job besides Thailand's Elite Visa (or will I be able to easily prove that my gambling is a 'job'?). However the 650,000 THB fee is a little hefty and I'm trying to see if there are any other options. Just to confirm, in terms of minimizing tax I wouldn't be taxed if I were to move my winnings/income into an existing Australian bank once enough time passes would I?…

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