No...they are just finding loopholes which require prompt Legislative remedy. There has to be a "general good" benefit besides the jobs.
Indonesia has its COW law...that is a foreign /majority foreign entity has to divest at least 51% ownership to an Indonesian national within 10 years of start-up. And before you jump the gun, Indonesia's GDP growth is at least twice that of Aus and higher than that of AUS in GDP (PPP) and predicted to be higher than Aus within 10 years in GDP (Nominal)
If Multinationals such as Woodside are employing tax avoidance strategies, then the Government, for a start, can always deny them Input GST refunds or simply bung a turn over tax on them ...5% would do the job IMO.
The average Aussie diserves a dividend on our natural resources rather than the profits being peed against the walls in Wall St, City of London , the Ginza etc etc .
