Our ABC promotes a "Wealth Tax" proposal., page-54

It is interesting that Clive Palmer moved his wealth from
NZ to Singapore prior to his law case (which he lost)
about WA closing its borders as a Covid Quarrantine measure.

It is also interesting that FMG is reported by the Murdock Press
(not exactly a Socialist Rag) as being 92% foreign owned
while Twiggy owns 36% of the company

https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1
(for those not familiar with chart reading, the yellow bar is Aus owned! which in FMGs case is 9%)

And here's Good Old Clive's "Make Aus Great" by offshoring:

https://thewest.com.au/business/mining/palmer-to-put-himself-first-with-singapore-sling-ng-b881101575z

So to those who say that an increase in tax will drive money offshore
.....guess what......at the current Tax Rate that has already happened