The Rising Influence of Rising Affluence

[DewDiligence]

Thanks for your post about CLF’s tax rate. The rate has indeed bounced around, but it’s a second-order issue for investors, IMO. As it becomes larger and more diversified geographically, CLF will inevitably have a tax rate closer to the norm for a US-based multinational.

The Australian mining tax, which has been much discussed on this board is a relatively minor issue for CLF.

In short, I would neither buy CLF nor avoid owning CLF because of changes in its tax rate. Regards, Dew