Wesfarmers CEO weighs in on Greens’ ‘reckless and dangerous’ tax plan

Wesfarmers CEO Rob Scott has reacted to the Greens’ Robin Hood-style tax reform plan which targets big businesses. The Greens leader Adam Bandt has announced a supersized tax reform package to target what he has described as “excessive profits” earned by big businesses. “What would be most concerning for Australia is it would decimate everyone’s retirement savings, it would decimate superannuation balances,” Mr Scott told Sky News Business Reporter Edward Boyd. “And there’d be no capacity to invest in Australian businesses – so, I think it would be quite a reckless and dangerous approach that would really kill the prosperity of Australia.”