Been thinking…(it sometimes happens :))… if an international corporation wishes to trade in Australia, they are essentially applying to make a profit (withdraw $$) from the Ausralian econnomy. Since the govt is the entity which pumps money (creates) the economy and manages (levies taxes) it for the benefit of its citizens and permanent residents, those corporations have a ‘duty’ to pay their fair share of the taxes required to participate in our economy. Moreover, they should also pay further taxes to ensure that they don’t adversly affect it — they should not take more money out of the economy then they put in. That seems fair.
I know that #globalisation and #neo-classical economics would peddle a story about the economy needing foreign investments in order to grow the ‘pie’, but that is only a #neoliberalism. Foreign investments only add funds to an already growing sovereign economy (through domestic innovation, population growth, etc.), it’s not a necessity, it’s more like a ‘nice-to-have’ (if managed properly) and only if that investment returns more $ to the economy then those investors syphons out as profits which tend to go overseas to grow a foreign economy.
Those are my layman’s views of course. Experts and pundits will use a lot of technical jargon to counter those views. But really, it’s only a smoke screen used by #Grifters. Our First Nations people survived for 60,000 years without our ‘western’ style #Grifting …erh, sry, economic theories.
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