Commonwealth Bank CEO Criticizes Profit Tax

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Commonwealth Bank chief executive

Guardian

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

Summary

Nutrition label

75% Informative

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.

Comyn ’s criticism was partly directed at the Greens ’ “package of Robin Hood reforms” it will take to the next election, which includes a 40% tax on “excessive profits” of big businesses.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful