Australian conservative government to raise taxes on five biggest banks

Thursday, May 11th 2017 - 12:25 UTC

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Australian Treasurer Scott Morrison has unveiled a new budget which includes a surprise rise in taxation for the country's five biggest banks from July. Morrison also announced education savings which will see students pay a greater share of the cost of degrees, while infrastructure projects, health and housing affordability were also high on the government's agenda. Read full article

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Heisenbergcontext
Good decisions all. The big four should remember that their current health is significantly attributable to the federal govt's to a): the govt's forbidding the banks from starting a sub-prime market in the local economy and b) : guaranteeing deposits in the wake of the GFC thereby causing a flood of investment and taking a significant market share from building societies.

Of course Anna Bligh was Qld Premier in 2008, she should know better. I guess being a shill for the banks is a good gig...
May 11th, 2017 - 03:18 pm - Link - Report abuse 0
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