Quote:
Originally Posted by MrBaldBastard
USA GDP is about 1.5 trillion a month, offshore cash was said to bring in nearly 2.5 trillion, and its quietly just been added to the bottom line, this year.. when it was a one off event. Think about that at least.
If unemployment is at 3.9%, how much can businesses expand before there is not enough workers and wages start skyrocketing?
When USA lowered Tax rates, I was screaming here with others.. we must lower ours to compete, but its proved to be a whole misconception because not a single business has left and returned to the USA due to lower rates, and investment funds have continued flowing in. And while that's great for Australia! You've been conned..
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that 2.5 trillion $ # is the estimated total of offshore cash, not what's been repatriated in 2018.
I haven't been conned on anything. My business is doing gangbusters and we've set things up to take advantage of the corporate tax cuts and we're expanding.
I'm not seeing ANY great news at all about aus economy.