on 29-03-2015 09:05 AM
I've been out of circulation for a couple of weeks and haven't seen much news at all. I only caught a snippet on the late news last night.
A deposit tax? What's that all about?
on 29-03-2015 09:29 AM
In the loo?
on 29-03-2015 09:34 AM
not really sure yet Lurks just having a lok for info on it
http://www.abc.net.au/news/2015-03-28/federal-government-set-to-introduce-tax-on-bank-deposits/63556...
http://www.afr.com/business/banking-and-finance/financial-services/banks-fear-budget-may-slug-deposi...
http://www.businessinsider.com.au/report-the-federal-government-is-planning-a-bank-bail-out-tax-in-t...
The Federal Government looks set to introduce a tax on bank deposits in the May budget.
The idea of a bank deposit tax was raised by Labor in 2013 and was criticised by Tony Abbott at the time.
on 29-03-2015 09:41 AM
The former Labor Government put forward the policy in 2013 to raise revenue for a fund to protect customers in the event of a banking collapse.
I don't think we currently have any concerns about a banking collapse in this country, so it looks to be purely another revenue raiser
on 29-03-2015 09:43 AM
hhhmmm so not a direct tax on people's deposits as such, but a tax on the banks which they, sure as eggs, will pass on to their customers?
Well, that'll go down well. Not!
on 29-03-2015 09:44 AM
Well, you can see where my mind is.
I heard that this tax would reap half a billion $ per year. Banks will pass it on to customers, and I hope that pensioners will be exempt.
on 29-03-2015 09:55 AM
DEB
on 29-03-2015 10:21 AM
No prize for seconds.
on 29-03-2015 12:25 PM
I don't like it. I thought we were supposed to be cutting federal expenditure, not imposing new taxes.
never-displayed
