Originally Posted by
Rabbitwear
Aren’t the Big miners mostly owned by foreigners so the advantages to Australia itself are becoming less as time goes !
All the previous governments have sold the Farm and this Corona Virus has just sped up the realisation that Australia is financially ruined , they will blame the Virus but that’s not the real reason.
I think you're confusing dividends with royalties and company taxes. An across the board average says that Australian resource companies are said to be 80% foreign owned, so 80% of company dividends go overseas, however company taxes are not affected by this and neither are royalties as paid to the applicable state or the Fed Gov when the resource is offshore and outside state jurisdiction, or however it's worked.