Mick Tsikas/AAP
Taxing super profits sounds like a a good idea, but it’s hard to get right and there might be better ways to get more company tax.
Fortescue Metals Group founder Andrew Forrest has suggested iron ore miners cap production, but it might have been unnecessary had he supported a well-designed mining tax.
Julian Smith/AAP
Had the mining industry engaged differently on the proposed mining super profits tax, it would be in a better position today.
Commonwealth Bank chief Ian Narev announces a record full-year profit of A$7.8 billion, ahead of this week’s $2.1 billion quarterly result.
Paul Miller/AAP
Like most companies, banks report their profits twice a year. Each time the majors report we see headlines about the size of the profits and implicit or explicit criticism of the amount – this time about…