I am trying to balance my precious metals portfolio and wondering how this carbon tax coming in will effect these shares, depending on where they earn their money. For example:
MML (Earns 100% of its revenue in the Philippines)
TRY (Earns 92% of its revenue in South America)
as opposed to:
PRU (Earns 98% of its revenue in Australia)
SLR (Earns 100% of its revenue in Australia)
Does anybody understand the effect the tax will have on the Australian companies? Will the companies earning their revenue predominately overseas have a destinct advantage?