you’ve failed to understand what I said.
royalties won’t changes, yes. However the main source of revenue, corporate taxes would, which is federal. You can’t change residency of miners however as I said you can debt load shifting taxable profits offshore to a lower tax jurisdiction. Thus disadvantage for Australians. Seen it time and time again when I worked as a tax consultant.
Also, moral. Who the hell wants China owning the best assets in the world which are in Australia. Does China let us own anything over there? ABSOLUTELY NOT.
Is RIO already "nationalised"?, page-6
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$107.02 |
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