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The Guardian

Commonwealth Bank CEO labels Green’s tax policy ‘insidious populism’ after firm’s $9.8bn profit

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Matt Comyn tells parliamentary inquiry that criticism of business profits ‘erodes trust in institutions’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Commonwealth Bank chief executive, Matt Comyn, has described a proposed excessive profits tax as “insidious populism” and labelled criticism of profitable businesses as “fact-free rhetoric” that is damaging trust in public institutions.Appearing before a parliamentary inquiry on Thursday, the head of Australia’s biggest bank appeared frustrated by questions about payment surcharges and corporate relationships and abruptly turned his attention to address criticism of big business.Sign up for Guardian Australia’s breaking news email Continue reading…

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Source link : https://www.theguardian.com/news/article/2024/aug/29/commonwealth-bank-ceo-labels-greens-tax-policy-insidious-populism-after-firms-98bn-profit

Author : Jonathan Barrett

Publish date : 2024-08-29 10:49:58

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Tags : The Guardian

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