Objective:Make as much money as you can in a sustainable fashion over time
So if we look at the businesses in Australia that are majority or significantly owned can we apply a similar principle.? IMO, the answer is yes
Historically our tax regimes have encouraged foreign investment which has morphed into foreign ownership, particuluarly mining farming and banking.
Since the 1980s gradual ownership of our mines have quadrupled to the current 86%.
If that is not acceptable, then the obvious thing to do is to increase taxes on foreign entities until such time as foreign ownership drops to an Australian acceptable level. IMO, the easiest way to implement such a strategy (keeping in mind the marketing mantra of making as much money for Australia as possible) is to gradually lift tax: -stare royalties -corporate tax ( that may also mean only refunding input GST prorata to local ownership) -a form of MRRT -or a mix of all 3
Than as the tax increases increase, the "Make as much money as you can" formula can click-in as it does with private enterprise in arriving at an appropriate marketing mix of margin X volume.
If it is good enough for the goose ( private enterprise) then why is it not good enough for the gander ( State & Comm Govs)?
As I said above, obviously our tax system at present is not high enough because it has encouraged too much foreign ownership of our key national resources which is threatening our soverignty.
PS: The USA since WW2 has colonised the rest of the world via its corporations, unlike the former European Colonists who did it by force! So there is three ends to our tether: -US ownership of our resources -Chinese ownership of our resources -Our selves who have gone for the fast buck by selling out!
The Chinese taking of medical equipment (they owned it ) is a piffle in comparison to what the USA/CIA did to Australia in the 70s when they blocked our Government from borrowing overseas when Whitlam promsed to "Buy Back the Farm"; precisely what we are whinging about here! We have to be either good Aussies here or lickassapologissts for the multinationals.............take your pick?
