Ross Gittins knows his stuff and this article makes a great case against the business tax cuts. Why do something that only benefits foreign companies??? Same reason we don't have a minerals super profits tax (or at least a resource rent tax). Same reason we allow foreign companies to ruin our farmland and drinking water with fracking and the great barrier reef with coal mining. Fake government that won't stand up to the lobby groups.
This is just another expression of that 'old Australian cultural cringe' which the coalition in particular is addicted to. They live in the past when Britain ruled the waves and Australia was just a supplier of raw materials for the factories of the mother country, except now we can just substitute 'Big Business' for 'Britain' and a spade becomes a spade. They have sacrificed our sovereignty on the alter of capitalism.
It comes to the point where we don't control our own property, our own destiny, our own lives. Control has been handed to the big multinationals. All they have to say is 'give us special treatment or we will take our business elsewhere', and people swallow this bunkum. So what if they do?
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