### Comment:
Fully franked shares are franked at 30%, so no, that's not even remotely close to true. I worked in tax for years, any evidence of the first part? If you're getting paid a legitimate salary with bonus you can't shelve it overseas. Business income is of course different.

### REPLY:
&gt; Fully franked shares are franked at 30%, so no, that's not even remotely close to true. 
  
 Dividends in Australia are not double-taxed (unlike other countries). It is possible to receive refunds through their use, and entire retirement strategies leverage them to create income. 
  
 https://www.abc.net.au/news/2019-05-14/federal-election-2019-vote-compass-franking-credits/11107228

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