Complying with Australian superannuation reforms by 1
July will trigger not just double, but triple, taxation by the US
on their superannuation contributions, earnings and
distributions.
Last May 4, President Trump and Prime Minister Turnbull
celebrated the 75th anniversary of the Battle of the Coral Sea in
New York aboard the USS Intrepid, a World War II aircraft carrier.
In his commemorative speech, President Trump renewed friendship and
lasting partnership with Australia noting that the ties that bind
the two countries had been "sealed with the blood of their
fathers and grandfathers". This recent warming of relations
between Trump and Turnbull since the purportedly "combative
phone call" between the two leaders last February 2017 is
fortuitous indeed. Perhaps it will provide the political momentum
for much needed amendments to update the Australia-US tax treaty,
particularly Article XVIII which does not definitively address
whether the United States can impose
