"I think we're over-relying on income [taxes]. I don't think we're taxing wealth as heavily as we could," Matt Comyn said in Canberra.
reform which would increase the amount of tax charged on an individual's wealth in an effort to drive prosperity.Matt Comyn, CEO, Commonwealth Bank of Australia, during a hearing at Parliament House in Canberra.
"I think we're over-relying on income . I don't think we're taxing wealth as heavily as we could," Comyn said in Canberra. It follows a new report from Anglicare, Widening the Gap, which found the richest Australians have 90 times more wealth than the poorest in the country.Comyn hit back at suggestions superprofits from corporations were contributing to this issue.
The Greens announced on Wednesday a "Robin Hood reform" proposal which would tax excessive profits of big corporations at 40 per cent.The CBA boss called the Greens' proposed tax reform "insidious populism".
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