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beware the bank levy panacea




it's popular with voters, but that doesn't make it perfect.as politics goes, the federal government's proposed bank levy was pretty smart. the amount, a trifling 0.06%. the impacted parties, five banks that are hardly at the top of most australians' christmas card list. and all in the service of a b...



budget 2017: bankers prepare for showdown with treasury over surprise levy




treasury officials are set to brief bankers in sydney over the surprise $6.2 billion levy on australia's largest financial institutions. angry bankers are set for a showdown with federal government officials over a surprise $6.2 billion levy on australia's largest financial institutions.treasury off...



budget 2017: bankers prepare for showdown with treasury over surprise levy




treasury officials are set to brief bankers in sydney over the surprise $6.2 billion levy on australia's largest financial institutions. angry bankers are set for a showdown with federal government officials over a surprise $6.2 billion levy on australia's largest financial institutions.treasury off...



turnbull moving closer to europe with levy-heavy budget, commentators say




the proposed bank levy and bump to the medicare levy draw australia ideologically closer to europe, economic commentators say. the proposed increase in the medicare levy and the new bank levy to meet growing welfare costs have launched australia ideologically towards the higher-spending, higher-taxi...



turnbull moving closer to europe with levy-heavy budget, commentators say




the proposed bank levy and bump to the medicare levy draw australia ideologically closer to europe, economic commentators say. the proposed increase in the medicare levy and the new bank levy to meet growing welfare costs have launched australia ideologically towards the higher-spending, higher-taxi...



turnbull moving closer to europe with levy-heavy budget, commentators say




the proposed bank levy and bump to the medicare levy draw australia ideologically closer to europe, economic commentators say. the proposed increase in the medicare levy and the new bank levy to meet growing welfare costs have launched australia ideologically towards the higher-spending, higher-taxi...



turnbull moving closer to europe with levy-heavy budget, commentators say




the proposed bank levy and bump to the medicare levy draw australia ideologically closer to europe, economic commentators say. the proposed increase in the medicare levy and the new bank levy to meet growing welfare costs have launched australia ideologically towards the higher-spending, higher-taxi...



treasurer slams bank 'whinge' but says levy won't increase




treasurer scott morrison has accused the big banks of having a "whinge" over the government's new levy, but sought to reassure them he has no plans to lift the impost further.continuing his budget sales job at the weekend, mr morrison ramped up pressure on the banks not to pass the 0.06 per cent lev...



turnbull rejects nab chairman's call for public inquiry into new bank tax




malcolm turnbull has been quick to reject claims by national australia bank chairman ken henry the government's new bank tax will be bad for the economy. the prime minister insists customers shouldn't bear the cost of the billion- dollar levy, saying dr henry was merely standing up for his own bank....



turnbull rejects nab chairman's call for public inquiry into new bank tax




malcolm turnbull has been quick to reject claims by national australia bank chairman ken henry the government's new bank tax will be bad for the economy. the prime minister insists customers shouldn't bear the cost of the billion- dollar levy, saying dr henry was merely standing up for his own bank....



commonwealth bank runs ad against bank levy on twitter




the commonwealth bank appears to be testing the waters for an advertising campaign against the federal government's proposed bank levy, by paying to spread its chief executive's criticism of the new tax on social media.australia's big four banks and macquarie have cried foul over the 0.06 per cent l...



impact of bank levy 'trivial', treasury secretary john fraser says




the head of the treasury has dismissed the impact of the $6.2 billion budget levy on banks as "trivial", saying he expects it to have next to no impact on interest rates.nine charged over $165m ato fraudvideo duration02:53previous slidenext slidevideo duration01:41impact of bank levy 'trivial': trea...



political scrutiny may force banks to cut dividends in response to bank levy




the political pressure on the banking sector means australia's big four banks may have no choice but to pass on the impact of an 0.06 per cent tax on liabilities to investors, affecting earnings per share and dividends, according to bank analysts and fund managers.while the big banks do technically ...



political scrutiny may force banks to cut dividends in response to bank levy




the political pressure on the banking sector means australia's big four banks may have no choice but to absorb the impact of an 0.06 per cent tax on liabilities to investors, at least in the short term, affecting earnings per share and dividends, according to bank analysts and fund managers.while t...



relief for kylie maybury's mum after killer owns up




the darkness is nearly over for kylie maybury's mother, who wept with relief after a man pleaded guilty to murdering her six-year-old daughter in 1984.in the hours after black knight won the melbourne cup, gregory keith davies, then 42, abducted kylie from an east preston street as the little girl w...



claims of massive catholic school fee hikes shot down




warnings the turnbull government's school funding changes will force catholic schools to hike their fees by $5000 a year have been rubbished by one of the country's largest catholic archdioceses.nine charged over $165m ato fraudvideo duration02:53previous slidenext slidevideo duration02:48'gonski 2....



mabo lawyer bryan keon-cohen urges 'gutless politicians' to support uluru decisi




one of the key lawyers in the mabo case, bryan keon-cohen, has described the proposal to enshrine an indigenous voice in the constitution as modest and conservative, and challenged "gutless politicians" to support it."it doesn't in any way challenge the basic power structures of the constitution," s...



'a shambles': bankers angry after treasury meeting over levy




bankers have left a meeting with treasury officials with more questions over a new bank levy unveiled in the budget. angry bankers say they've been left with more questions than answers after meeting with treasury officials over the $6.2 billion levy the biggest five institutions are set to pay in a...



'a shambles': bankers angry after treasury meeting over levy




bankers have left a meeting with treasury officials with more questions over a new bank levy unveiled in the budget. angry bankers say they've been left with more questions than answers after meeting with treasury officials over the $6.2 billion levy the biggest five institutions are set to pay in a...



'a shambles': bankers angry after treasury meeting over levy




bankers have left a meeting with treasury officials with more questions over a new bank levy unveiled in the budget. angry bankers say they've been left with more questions than answers after meeting with treasury officials over the $6.2 billion levy the biggest five institutions are set to pay in a...



'a shambles': bankers angry after treasury meeting over levy




bankers have left a meeting with treasury officials with more questions over a new bank levy unveiled in the budget. angry bankers say they've been left with more questions than answers after meeting with treasury officials over the $6.2 billion levy the biggest five institutions are set to pay in a...



'a shambles': bankers angry after treasury meeting over levy




bankers have left a meeting with treasury officials with more questions over a new bank levy unveiled in the budget. angry bankers say they've been left with more questions than answers after meeting with treasury officials over the $6.2 billion levy the biggest five institutions are set to pay in a...



asx savaged as investors flunk confidence test




renewed selling in the major banks led a savage sell-off on the asx, as investors fretted over record low wage growth data and the growing threat of us political risks.there were no obvious catalysts for the heavy falls in the share prices of the four major lenders on wednesday, aside from the conti...



govt asks banks to reconsider cash transaction charges




the government on monday asked india’s largest public sector lender state bank of india and private sector banks to reconsider the charges they have decided to impose on cash transactions above a certain limit.some private banks, including hdfc bank, icici bank and axis bank, have started charging...



bank rout wipes $50 billion in may




some $50 billion has been wiped off the combined market value of australia's major banks since their highs at the start of this month, as investors eye a more challenging outlook for the big four.after a stellar run in the sector between late 2016 and april, the stock prices of commonwealth bank, we...