Nobel prize-winning economist Joseph Stiglitz calls for windfall profits tax in Australia

Tax is a no-brainer' after companies' huge profits during Covid but corporate influence makes it politically difficult', Stiglitz says

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The Nobel prize-winning economist Joseph Stiglitz has called for a windfall profits tax, arguing the idea is a no-brainer" that has been taken off the table due to the influence of big companies.

Stiglitz made the comments to reporters during a tour of Australia after personally lobbying the treasurer, Jim Chalmers, to introduce the tax and warning that excessive interest rate rises could push Europe, the US, and then Australia into recession.