How can investors in Australia have any guts when the goalposts keep moving? Two major new taxes in the last few years. What's next? I have reduced my investments in companies with Australian domiciled activities dramatically over the last few years. I am sure O/S investors are doing similar and they have been hit by the double whammy of the AUD/USD rate also.
Australia's continued ASX under-performance relative to the bourses of the weakest economies in the world speaks volumes about confidence of investment in Australia.
