Been there , done that.
While 12% of the special divvy goes to locals, 88% goes overseas;
so as far as Aus is concerned there is 88% of the glass empty.
And as usual I provide the data:
https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1
Our AAA rating is dependant on "our" 3 big Iron Ore Miners:
BHP: 92% foreign owned (see link)
RIO: 88% foreign owned
FMG: 92 % foreign owned/ownership held overseas
I have contacted News Ltd re their FMG data and I was advised that it was
correct according to the Foreign Ownership Register as at the time of publication.
By the way, your mate Clive Palmer moved his ownership in his companies to Singapore
from NZ 2 years ago......lower tax rates!
Just imagine if the 90% ownership (on average) of our Iron Ore profits stayed in Aus?
Our banks would not have to go cap in hand overseas to borrow for Aus Household Debt
& Home Mortgages now totalling $5.5 Trillion or over 250% of GDP.
I realise that you are calling your hip pocket and I'm calling Australia's
hip pocket and with the current regime "never the twain shall meet"
http://australiandebtclock.com.au
- Forums
- Political Debate
- The Left Are Rattled
The Left Are Rattled, page-26
-
-
- There are more pages in this discussion • 24 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)