you’ve failed to understand what I said.
royalties won’t changes, yes. However the main source of revenue, corporate taxes would, which is federal. You can’t change residency of miners however as I said you can debt load shifting taxable profits offshore to a lower tax jurisdiction. Thus disadvantage for Australians. Seen it time and time again when I worked as a tax consultant.
Also, moral. Who the hell wants China owning the best assets in the world which are in Australia. Does China let us own anything over there? ABSOLUTELY NOT.
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