If you allocate enough expenditure offshore, anything can be...

If you allocate enough expenditure offshore, anything can be profitable.
All those "costs of doing business" have to have somewhere to roost.
The fewer offshore hiding places, the more expenditure has to actually be attributable to
Australian operations.
This is generally used by global companies to reduce income in high tax jurisdictions,
but works just as well when you have to try and make one location look good.
What share of LD and the leaderships team is picked up in Aus. etc
The key issue is if they are making enough money off customers here, to cover overheads.
They may be making a few pennies per customer here, but who/where covers the cost of the
whole operation ?
There are endless ways for accountants to obfuscate results. Look at the overall picture.