As an Aussie, sad to see a homegrown company head overseas. Can understand why though. 30% corporate tax, lower EBITDA: Market Cap and I'm sure plenty of red tape. Tis a shame.
The best investment an Australian developer can make is a passport.
Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
41–44 of 44 posts
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#42Earlier quoted context omitted.
I think it's easier to get Australians into the USA on the E3 visa.
E3s are temporary and must be renewed every 2 years. Can't be transferred to another employer. Can't be used to qualify for permanent residency. They are quite useful if your married (straight) partner wants to join you (and somewhat useful if you have a defacto non-US citizen gay partner due to a bizarre quirk in the law. Tough luck if you have a defacto straight partner though.) Lots of Australians would qualify fo…
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#43Earlier quoted context omitted.
I think it's easier to get Australians into the USA on the E3 visa.
E3s are temporary and must be renewed every 2 years. Can't be transferred to another employer. Can't be used to qualify for permanent residency. They are quite useful if your married (straight) partner wants to join you (and somewhat useful if you have a defacto non-US citizen gay partner due to a bizarre quirk in the law. Tough luck if you have a defacto straight partner though.) Lots of Australians would qualify fo…
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#44Atlassian is considering changing its corporate structure so that its parent company is in the UK. Reasons include tax advantages and making the company more attractive to investors in light of a possible future IPO. Supposedly there are very few international companies listed on a US exchange which have their parent company in Australia, which means Atlassian would be a riskier investment.
That may involve having a few people in an office in the UK, but engineering (and company) headquarters would remain in Sydney, Australia.
Nobody would be losing any jobs over this, and Atlassian would still be trying to hire a boatload of developers in Australia.
Source: Scott Farquhar (co-CEO) at the December All Hands meeting (I work at Atlassian).
Edit: should probably point out that this is all "may"s and "would"s because it's up for a company-wide vote in the next few weeks - I have a ~500 page information booklet sitting on my desk.