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US investor frustration boils over

Some of America’s biggest companies have called on the Foreign Investment Review Board to change its culture from one of saying “no you can’t …unless we say so” to one of “yes you can… subject to”.

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When it comes to bouquets and brickbats it is rare to see a brickbat as formidable as the one that just hit the Foreign Investment Review Board chairman David Irvine.

It was lobbed at him by the American Chamber of Commerce in Australia (AmCham), PwC Australia, and representatives of United States companies with a combined market value of about $US3.5 trillion ($4.5 trillion).

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/chanticleer/us-investor-frustration-boils-over-20210317-p57blp