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The Times

The Greens want a super-profits tax. Labor and business used to like the idea too

  • Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

When the Greens proposed an extra super-profits tax on the excessive part of really excessive profits last week, business and the government acted as if the sky was about to fall in.

It would make Australia one of the “worst places in the world to run a business”, said the Business Council. It would “force up prices on everyday...

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