How to deal with your foreign exchange bill after an earthquake

The International Trade Commission has ruled Australia’s foreign exchange tax regime is not unfair and has granted its request to reopen its operations.

Key points:The decision means Australia will need to raise $3.5 billion to deal from the quakeIt will take at least two years to reopen the economyThe $3 billion was previously expected to be raised in the 2018 election, but it has been delayed due to a backlog in foreign currency receiptsThe ruling comes as the Federal Government seeks to reopen businesses to foreign investors in a bid to spur job creation.

Key facts:The International Trade Tribunal ruled Australia should pay the $3,800 stamp duty and import duties that were imposed by the former Treasurer Andrew Barr in 2018The tribunal ruled Australia did not apply fair market value to the foreign currency it received, but instead applied the tax rate of 3.5 per cent.

That meant the government could only raise $2.7 billion to cover its expenses, and was then required to make a $3 million profit from that to pay for the new GST.

The ruling means Australia must now raise $9.7 million to deal the $1 billion stamp duty, import duties and capital gains tax it has already paid in 2017.

The Federal Government had hoped to raise around $5 billion by 2020, but has now hit a wall and will have to make at least $7 billion in order to reopen operations.

The Government says it has secured $4 billion from a concessional loan from the Reserve Bank.

The ruling also means the $9 billion in foreign exchange revenue that Australia received in 2017 will not be taxed until 2019.

Australia is still waiting to see whether a foreign investment tax relief agreement will be signed with the OECD, which could provide a way for the foreign exchange business to reopen.

The Treasurer’s decision was criticised by Treasurer Scott Morrison, who told reporters that the Treasurer had been trying to reopen Australia’s economy, rather than reopening the country’s economy.

“It’s a mistake to reopen it, but the decision to do so was made by the Treasurer.

He was the one that put the decision in the Treasurer’s hands, and then it took a couple of months for the Government to get around to it,” Mr Morrison said.”

I’m not going to get into a debate about whether the Treasurer should be getting paid more or less than what he was paid, but I think it’s very important that he does what he has to do and it’s a good one.”

He said he expected the foreign investment business to be back to normal by 2021, although the timeline was unclear.

“You have to understand that this is an investment tax deal, not a tax credit deal,” he said.

The Prime Minister’s office said it was reviewing the ruling, and would respond when the Government had more information.