Increase company tax based on executive pay, Wayne Swan says

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Commonwealth Bank head earned $12.3m last year – the combined pay of 250 tellers at the bank, former treasurer says

Governments should increase company taxes if top executives continue to draw huge salaries, in order to give workers a fairer share of the economic pie, according to the former Labor treasurer Wayne Swan.

Swan will use a speech on Saturday marking the 45th anniversary of the election of the Whitlam government to argue that political parties on the centre left must be unequivocal in articulating an economic framework that delivers rising living standards for workers.

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#australian economy
#reserve bank of australia
#gough whitlam
#wayne swan
#business australia
#australian politics
#australia news