As new taxes go, the proposed new 40 percent super tax on mining sector profits is nothing if not controversial. It has been bitterly opposed by the resources sector, however it does allow for a cut in the rate of business taxation, which means companies can increase the contribution they make to employees superannuation.

In an interview for Knowledge@Australian School of Business, Professor John Taylor and Professor Neil Warren discuss the proposed new tax, and where the money raised would be spent.