Ravi
Fair comment !
but even if they buy direct from China they still have to pay GST on purchases above $1000
I think u and many others underestimate the wages cost for any venture
it is usually far more than the return to the investment
These wages remain in Australia approx 30 percent of which goes to the government the remainer going to rent food power entertainment industries in Australia.
No matter how you look at it the majority of investment from an overseas investor stays in Australia. the successful overseas investors generally because of their success plough more money back into Australia.
it is just a win situation for us.
The alternative as I have said before is reject overseas capital, do nothing and wake up years later that the opportunity has passed you by. Now that is not to say I have not thought living under the gum tree may not be such a bad idea.. At least I would not have to worry about CTP shares!!!
Don
RaviFair comment !but even if they buy direct from China they...
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