'When a 100% foreign-owned company exports $10 billion worth of #gas we gave them for free, having paid no royalties, no PRRT, and no company tax, the ABS still includes that $10 billion in Australia’s GDP...' ran out of room, follow the link to read the rest: thepoint.com.au/opinions/260...
GDP is not what you think it is, which is no accident
This is an edited extract of More Fool Me (Vantage Point Issue 6) by Richard Denniss, published by The Australia Institute. Available from the 4th of August.
thepoint.com.au