What the Greens are proposing is really a two-tier company tax system, of the kind that once interested the Business Council of Australia and the Rudd Labor government.
Articles on mining superprofit tax
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Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.
Australia already imposes a super-profits tax of 40% on gas producers, but very little is paid. Yet we know how to simplify the system, so we’re not gifting billions to multinational companies.
Our tax system helped create Palmer.
