June 28th 2003


  Buy Issue 2660
Qty:

Articles from this issue:

COVER STORY: Counting Stalin's victims 50 years on

EDITORIAL: Australia's population challenge

PACIFIC: Solomon Islands: nightmare in paradise

CANBERRA OBSERVED: Why the Crean-Beazley issue is unresolved

ENVIRONMENT: Climate scientists reject Kyoto Protocol

STRAWS IN THE WIND: Labor mates / Night to remember / Heart of darkness / Intervention

EUTHANASIA: Stopping Australia's Doctor Death

Sugar price decline (letter)

Free trade deal and local shareholders (letter)

TIMOR L'ESTE: Looming food shortage in East Timor

AGRICULTURE: National water trading plan questioned

FAMILY LAW: Canadian court changes definition of marriage

EDUCATION: The problem with boys ...

South African economic miracle?

Books promotion page
FONT SIZE:

Free trade deal and local shareholders (letter)


by Robert Bom

News Weekly, June 28, 2003
Sir,

Shareholders of Australian companies have much to lose in a "Free Trade" deal with the United States. The average profit made by Australian companies and distributed to shareholders is approximately four and a quarter percent. Most of that is also tax paid. American companies on average manage only one and a quarter percent with tax still to be paid by shareholders on the income.

A negotiated trade deal will give the powerful American companies a free bite at Australia's healthier profit margins.Historically, free trade deals have existed since colonial times to assist rich countries in plundering the resources of smaller nations.

It is important that we keep our friendship with the US, particularly in the area of defence and security, but in a "Free Trade" deal, all we will get from the Americans will be coloured beads and mirrors.

Robert Bom,
Rockhampton, Qld




























Join email list

Join e-newsletter list


Your cart has 0 items



Subscribe to NewsWeekly

Research Papers



Trending articles

CLIMATE SCIENCE Temperature hasn't risen in 20 years: latest data

SAME-SEX MARRIAGE Dr David van Gend criticises AMA statement

COVER STORY The Great Barrier Reef is dying? ... Again?

COVER STORY Left poisons Trump's real achievements

EUTHANASIA It must be war, as truth has been the first casualty

GENDER POLITICS U.S. Target goes gender neutral; pays the price

COVER STORY Morrison's budget jive lacks inherent harmony



























© Copyright NewsWeekly.com.au 2017
Last Modified:
March 16, 2017, 10:40 am