Fears of China buying up the country run deep, with opportunistic politicians and commentators long showing a willingness to not let “facts” get in the way of the truth. And the facts are that: China’s land interests are predominantly leasehold, it owns just 2% of foreign investment stock and is subject to a much lower threshold test. With the Australia-China relationship at a low ebb, it is time to call out this destructive tactic, writes James Laurenceson.
“A serious tax cheat” is how his biographer David Cay Johnston describes Donald Trump. Johnston reports on the New York Times investigation into the finances of the US president, revealing Trump has previously lost two income tax fraud trials.
Comparing the GDP numbers of New Zealand and Australia to try to make a point is a superficial comparison, writes Alan Austin. Treasurer Josh Frydenberg should also include employment and debt levels, exports and health outcomes, for starters.
Hefty cuts to JobSeeker and JobKeeper mean that Australia now faces a potentially more deadly epidemic than Covid-19. But it is largely avoidable, writes Michael Tanner.
Hard on the heels of its Westpac sting, Austrac is close to prosecuting Paypal for offences under the Anti-Money Laundering and Counter-Terrorism Financing laws. Michael West reports.
The Joint Strike Fighter has been plagued by problems since it was just a sketch on paper, when in 2002 John Howard jumped the gun and committed to buying them. But the F-35 still has its champions in Australia with some wanting to buy 200 to get ready for a war with China.