Commonwealth Bank CEO labels Greens’ tax policy ‘insidious populism’ after firm’s $9.8bn profit

Matt Comyn tells parliamentary inquiry that criticism of business profits erodes trust in institutions'

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The Commonwealth Bank chief executive, Matt Comyn, has described a proposed excessive profits tax as insidious populism" and labelled criticism of profitable businesses as fact-free rhetoric" that is damaging trust in public institutions.

Appearing before a parliamentary inquiry on Thursday, the head of Australia's biggest bank appeared frustrated by questions about payment surcharges and corporate relationships and abruptly turned his attention to address criticism of big business.

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