“Many people know in Australia that China is the number one trading partner for Australia,” Mr Mondschein told Sky News. “What fewer people realise is that the US is the number one investment partner into Australia.
“That means no country has more investments in Australia than the US and also no country receives more of Australian investments overseas than the US, so it’s a two-way relationship. “Only 17 per cent of Australians realise that the US is the number one investor [in Australia]. “This is not a recent phenomena, this has been going on for decades at this point, and it’s that investment relationship that has been so integral to Australia’s economic well-being.
Source: News Formal (newsformal.com)
And? We make the laws here.
Most US Companies investing in Australia pay no tax to the ATO. They take their profit and run to 6ax save havens
That will suit Austs economy, we can go from Chinas growing economic needs to the more corrupt US Extortion economic diplomacy...
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