Worth noting in the event of a Biden win in the US.
"Any Australian company that generates a large chunk of their profit in the US is going to be hit by high corporate taxes," Jenneke says. "So definitely healthcare – if you think about most of the healthcare companies, 50 per cent-plus earnings come out of the US."
Among the examples are CSL, which generated 54 per cent of its revenue in the US last year, and Resmed, which has a higher concentration at 62 per cent of revenue.
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