The Oil & Gas corporations (mostly foreign owned) are extra prosperous
in Australia (we just love Haustralia) because they are allowed to agressively avoid Tax.
RE: The BHP/WPL merger:
BHP is 92% foreign owned and WPL is 84% foreign owned
so with all probability the merged entity will be on average
90% foreign owned with that %age of profits going overseas.
https://www.news.com.au/finance/business/us-ownership-of-australias-biggest-companies/news-story/5e0361d3e4433be0c4c1c40c8254cac1
This was for 2016 and in the interim, foreign ownership has increased of both entities, IMO.
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