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Australian government set to tax bank deposits - covering corp. non payment?
03-28-2015, 03:28 PM (This post was last modified: 03-28-2015 03:29 PM by Thinker.)
Post: #1
Australian government set to tax bank deposits - covering corp. non payment?
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The Australian 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. Assistant Treasurer Josh Frydenberg has indicated an announcement on the new tax could be made before the budget. The Government is heading for a fight with the banking industry, which has warned it will have to pass the cost back onto customers.

Mr Frydenberg is a member of the Government’s Expenditure Review Committee but has refused to provide any details. “Any announcements or decisions around this proposed policy which we discussed at the last election will be made in the lead up or on budget night,” he said.
http://www.hangthebankers.com/australia-...-deposits/

Australian's making up for corporations who don't pay? Theft from the people for more corruption and fraud by the non tax paying corporations for wealth?
http://www.realistnews.net/Thread-austra...=Australia

Thinker, proud member of Realist News since Nov 2013.
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