Adam Bandt’s super-profits tax proposal is bang on the money and far from being a ‘zero-sum game’  

On the Greens’ super-profits tax proposal:

Tim Stephens writes: Whilst I frequently agree with Bernard Keane and Glenn Dyer, I feel they have lost the plot on this one. I have a vested interest in superannuation (like most Aussies), so I would hate to see poor returns. However, lots of the big corporations pay bugger all in tax, as pointed out in Crikey at the end of last financial year.

Many also have huge foreign ownership, shipping profits overseas  — not to Australian super funds. A shining example is gas. Australia is one of the largest exporters but returns about $1 billion in revenue to Australia, whereas Qatar manages $50 billion in tax revenue on gas exports.