Mate, any company that sets up here, does so, knowing the tax structure.
Royalty's and resource taxes are tax deductible.
Only an economic fool would look the other way ,where companies attack the tax structure of a sovereign nation, in the way these multies have done so , here in Oz.
Tragically, we have such a fool as the current treasurer= scomo.
All the while, " the wise men keep saying, we need to broaden the tax base."
This for the economic fools out there, and there are plenty, is code for broadening the GST.
Even chris Richardson, from one of the big four says, we cant afford tax cuts for PAYG earners.
Me the equalitarian suggests , what's good for the goose is good for the gander.
The $ 65 Billion foregone tax revenue, for such a small gain =0.08 percent after 20 years ( ? ), tells me its economicwank.
Raider
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