Foreign Ownership Sales Tax

10% (additional) sales tax on all goods/services per Australian business that is 100% foreign owned.

Pro Rata, so 50% foreign owned pays 5%.

On revenue and purchase cost.

That will solve foreign investors pushing up property prices (NZ recently banned foreign home owners, something we should consider).

That will create the “Google Tax”, without singling out Google and Facebook.

That will stop IKEA shipping profits home.

That will stop the well-founded fear of foreign-ownership of strategic assets, like ports. Or substantial farms.

That will stop venture capitalists buying Aussie icons like Arnotts (who make Tim Tams).

If and when a foreign entity figures the 10% disadvantage won’t stop them being profitable, perhaps that is good for everyone.

When a foreign entity decides that having 25% of the action is still good, we all win.

And it is defensible. If you are bringing such an advantage to our country that you can survive a 10% tax – we welcome you.