Originally Posted by
Roger
There's so many different ways to creatively measure cost its highly debateable. You think the parent companies of Ford and Holden wanted to show a profit in Australia and pay Australian tax ? Come on... lets not be naïve about multinationals ability to manipulate profits through transfer pricing methodologies. Leaving that debate to one side, one thing for absolute sure is there will be tens of thousands of employees no longer employed by Ford, Holden or the myriad of associated component manufacturers, and all those people won't be spending their respectable sized wages at the local restaurants, bars, clubs e.t.c. so add up the multiplier effect as its affects hundreds of other small business's and retailers already impacted by the serious cutback's in the mining industry and its easy to see why the fundamentals for the Australian economy aren't looking good. What's their forecast deficit again ? $50 Billion ?