the Greens' super-profits tax idea could end up burning muscle, not fat
- Written by Richard Holden, Professor of Economics, UNSW
Earlier this year, the Australian Greens proposed a wealth tax on billionaires straight out of the (former US presidential candidate) Elizabeth Warren playbook.
This week it added what it called a “tycoon tax” that would tax so-called super-profits made by companies with annual turnovers of more than A$100 million.
It might not be the...